Pan Asia Metals (ASX:PAM) has raised AU$1.265 million to support the company's low-cost, mid-stream processing strategy, and better reflect the quality of its assets.

The company's chairman and managing director, Paul Lock, played a crucial role in raising a substantial portion of the funds by subscribing to AU$500,000 worth of PAM shares.

Over five million shares were issued at AU$0.25 each to both new, and existing sophisticated and institutional shareholders.

The announcement underscores PAM's current efforts to advance its lithium projects across South-East Asia, and South America to meet the growing demand for battery minerals.