Pan Asia Metals raised $1.2 million through a placement and secured a $10 million at-the-market funding facility with Alpha Investment Partners.

The financial moves aim to support Pan Asia Metals' Tama Atacama Lithium and RK Lithium projects.

The funds will enable drilling in Chile and investor engagements in Thailand. The ATM facility offers cost-effective equity capital over five years.

The allocated funds cover essential activities like drilling, feasibility studies, licensing, legal requirements, and working capital.