09:20 AM EDT, 07/09/2024 (MT Newswires) -- Panther Minerals ( GLIOF ) said Tuesday that it signed a non-binding letter of intent to acquire 148 BC, which holds the Huber Heights uranium property in Nevada.

Under the terms, Panther will issue 5 million shares and pay $20,000 on execution of a definitive agreement.

Panther said the acquisition is part of its continuing focus on underexplored uranium properties that in the U.S. that can be readily advanced and tested.

Panther's share price jumped 4.8% yesterday to $0.65 on the CSE.