Pan Global Unlocks Major Copper & Gold Find in Spain's Mining Heartland

VANCOUVER, BC – January 08, 2026 – Pan Global Resources Inc. has significantly advanced its flagship Escacena Project in southern Spain, unveiling substantial maiden Mineral Resource Estimates (MREs) for its La Romana and Cañada Honda deposits. The announcement breathes new life into the historic Iberian Pyrite Belt and positions the company as a key potential supplier of copper, a metal critical to the world's energy transition.

In a move to detail the findings, the Vancouver-based exploration company announced it will host an investor webinar on January 12, 2026. The event will feature President and CEO Tim Moody, who will elaborate on how these initial resource estimates enhance the project's value and fit into the company's broader exploration strategy across its expanding 10,000-hectare property.

The newly defined resources are a major milestone. The La Romana deposit now holds a Measured and Indicated Mineral Resource of 32.4 million tonnes containing 119,500 tonnes of copper, 8,800 tonnes of tin, and 1.7 million ounces of silver. The nearby Cañada Honda deposit adds an Inferred Mineral Resource of 5.0 million tonnes, containing 104,000 ounces of gold and 6,800 tonnes of copper. These figures provide the first independently verified scale of the mineralization, transitioning the project from a promising exploration play to a tangible asset with defined tonnage and grade.

A New Chapter for a Storied Mining District

The Iberian Pyrite Belt (IPB) is one of the world's most significant VMS (volcanogenic massive sulfide) districts, with a mining history stretching back to Roman times. Pan Global's Escacena Project is strategically situated in the heart of this belt, adjacent to the former Aznalcóllar and Los Frailes mines, where redevelopment efforts are already underway by Minera Los Frailes (Grupo México), and near the operating Riotinto mine. This places the company's discovery within a region of proven geology, established infrastructure, and deep-seated mining expertise.

The Spanish government and the European Commission have recognized the strategic importance of securing a domestic supply of critical metals. Copper, in particular, is designated as a Strategic Raw Material by the EU, creating a favorable regulatory tailwind for projects like Escacena. The region is widely considered a tier-one, low-risk jurisdiction for mining investment, boasting a clear permitting track record and political support for responsible resource development.

Pan Global has been aggressively consolidating its land position in the area. The company recently expanded its holdings from 5,760 hectares to over 10,000 hectares and has applications pending that would increase its footprint to nearly 14,000 hectares. This aggressive expansion signals a belief that La Romana and Cañada Honda are just the beginning, with the potential for a cluster of deposits that could justify a large-scale, standalone mining operation.

Powering the Global Green Transition

The timing of the discovery could not be more opportune. The global push towards decarbonization and electrification has created an unprecedented demand forecast for copper. According to S&P Global, demand is projected to soar from approximately 25 million tonnes today to nearly 37 million tonnes by 2031, potentially creating a supply deficit of over 6 million tonnes. By 2040, that deficit could widen to 10 million tonnes without the commissioning of significant new mines.

This demand is driven by the copper-intensive nature of green technologies. Electric vehicles require two to three times more copper than their internal combustion engine counterparts. Wind turbines, solar farms, and the grid infrastructure needed to support them are all heavily reliant on the red metal. Pan Global's discovery at La Romana directly addresses this looming supply crunch, offering a potential European source of a metal essential for meeting climate goals.

While copper is the main prize, the significant gold credits at Cañada Honda and silver at La Romana add considerable economic upside. With gold prices touching record highs amid geopolitical and economic uncertainty, the polymetallic nature of the deposits enhances the project's potential resilience and profitability. Preliminary metallurgical test work for La Romana has been exceptionally positive, showing high copper recoveries of up to 88% into a clean, high-grade concentrate using conventional processing methods. This is a critical de-risking step, suggesting a straightforward and economically viable path to production.

Decoding the Numbers for Investors

The release of the maiden MREs provides a new foundation for valuing Pan Global Resources. While the market's initial reaction was muted, with the company's TSXV-listed shares (PGZ) trading around C$0.1450, analyst consensus points to significant unrecognized potential. The average 12-month price target from analysts covering the stock sits at C$0.60, implying a potential upside of over 300% from current levels.

Investors will be parsing the details of the resource categories. The La Romana deposit's 32.4 million tonnes are classified as Measured and Indicated, a high-confidence category that allows for detailed mine planning. A substantial portion of this resource is envisioned within a conceptual open-pit, signaling favorable economics. The resources at Cañada Honda are currently categorized as Inferred, indicating a lower level of geological confidence but highlighting a clear target for further drilling to upgrade and expand the known mineralization. Critically, both deposits remain open for expansion along strike and at depth.

Financially, Pan Global remains a pre-revenue exploration company, but it maintains a strong balance sheet with no debt. The company is led by a management team with extensive experience in discovery and development. CEO Tim Moody previously served as Exploration Director for global mining giant Rio Tinto, while Non-Executive Chair Patrick Evans has a long track record of leading successful junior mining companies. Their expertise will be crucial as the company advances the Escacena Project through its next phases of engineering studies and resource expansion drilling. The upcoming investor webinar will be a key catalyst, offering shareholders a direct line to management for insights into the future development strategy and the pathway to unlocking the value defined in this landmark resource estimate.