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Pantheon Resources cut its 2025 loss to $5M, raised $110M, repaid debt, and advanced its Alaska LNG project despite drilling setbacks.
Pantheon Resources reported a $5.0 million comprehensive loss for the year ended June 30, 2025, down from $13.4 million, due to non-cash accounting adjustments.
The company raised $64.0 million in financing during the year and an additional $46.25 million afterward, boosting cash to $13.2 million.
It fully repaid its Heights convertible bond and strengthened leadership with new appointments.
The Megrez-1 exploration well was drilled but yielded no flow, while the Dubhe-1 appraisal well completed two months of flow testing and will resume in 2026.
Pantheon advanced its Alaska LNG project engagement, with independent 2024 reports certifying 1.6 billion barrels of oil and 6.6 trillion cubic feet of gas.
An annual report and virtual AGM are forthcoming.
Pantheon Resources redujo su pérdida de 2025 a $ 5 millones, recaudó $ 110 millones, pagó la deuda y avanzó en su proyecto de GNL de Alaska a pesar de los contratiempos de perforación.