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Pan American Energy Corp. reports exploration-stage developments for mineral properties focused on battery and critical metals in North America. Company news centers on the Tharsis Project in the Northwest Territories, where work has addressed rare earth element, niobium and yttrium potential within the Squalus Lake Alkaline Complex through mapping, UAV magnetic surveying, sampling, field logistics and diamond drilling.
Updates also cover technical disclosure work for the Big Mack Project in Ontario, including drilling-data integration and NI 43-101 mineral-resource processes. Corporate releases may address contractor engagement, marketing services and other operating arrangements tied to advancing exploration programs.
Pan American Energy (OTC:PAANF) reported completion of final bathymetric processing from its Tharsis Project field program in the Northwest Territories on Dec 30, 2025. The September 2025 survey of Squalus Lake collected approximately 17,500 depth measurements along east–west traverses spaced ~100 metres and incidental boat tracks. Data were cleaned, interpolated into a continuous digital elevation model (DEM), and integrated with 2023 airborne magnetic data to define basin geometry, shallow shoals, and deeper troughs. The DEM establishes depth constraints to support safe winter ice-based drilling planning and will be used with geological and geophysical datasets to refine drill targeting at Tharsis.
Pan American Energy (OTC: PAANF) completed a nine-day, six-person field program at the Tharsis Project near Squalus Lake on Oct 28, 2025, to support drill planning.
Key deliverables: geological mapping of outcrops, magnetic susceptibility measurements (Outcrop A avg 0.46×10⁻⁶ SI; Outcrop B avg 55×10⁻⁶ SI), collection of representative rock samples and photos, and a detailed bathymetric survey of Squalus Lake with ~17,500 data points on 100 m transects. An archaeological survey was completed with local Indigenous involvement.
All datasets will be integrated into a 3D geospatial workspace; next steps include a preliminary geological map, thin section and QEMSCAN analyses, and creation of an integrated model to guide initial drill hole placement.
Pan American Energy (OTC:PAANF) has announced details of its upcoming 2025 exploration campaign at the Tharsis Project in Northwest Territories. The two-week program, scheduled for September, will focus on high-resolution lake mapping and outcrop analysis at Squalus Lake.
The program includes a bathymetric survey to create a detailed digital model of the lake bottom and targeted outcrop studies to measure magnetic susceptibility and compile lithological descriptions. Additionally, the company will conduct an Archaeological Impact Assessment (AIA) to ensure compliance with territorial heritage guidelines.
This integrated approach aims to enhance geological understanding, improve correlations between surface geology and geophysical anomalies, and identify preliminary drill targets while maintaining environmental and cultural responsibility.
Pan American Energy (OTC:PAANF) has announced the commencement of Phase 1 fieldwork at its newly acquired Tharsis Project. The initial phase focuses on conducting surveying activities to establish baseline information and develop a comprehensive geological model for future exploration phases.
The structured, multi-step exploration plan aims to advance the project methodically while incorporating environmental and cultural considerations. The results will help guide future drill targeting decisions. The project's technical aspects have been verified by Jared Suchan, Ph.D., P.Geo., the Company's Technical Advisor and Qualified Person under National Instrument 43-101.
Pan American Energy Corp (CSE: PNRG | OTCQB: PAANF) has announced significant leadership changes. Adrian Lamoureux has been appointed as the new CEO and Board member, bringing over 15 years of business experience in capital markets, with expertise in early-stage companies and mineral exploration.
Former Interim CEO Paul Gorman has stepped down but will remain on the Board. The company also announced the departure of Ms. Nicky Grant from the Board of Directors. Pan American Energy focuses on battery metals exploration and development in North America.
Lamoureux's extensive experience includes roles as CEO, President, Director, and positions in Corporate Development and Investor Relations, particularly in mineral exploration and development sectors.
Pan American Energy has initiated a new 2,000-meter diamond drilling program at its Big Mack Lithium Property in northwestern Ontario, Canada. This program builds upon an earlier 8,000-meter drill campaign from 2023-24 and aims to further delineate high-priority targets and refine the property's geological model.
The program will also investigate cesium potential, which has been identified beyond the lithium-dominant zones within the pegmatite cores. The property, situated in the Separation Lake Greenstone Belt, has already shown multiple mineralized pegmatite zones, including the Big Mack, Eleven Zone, and 6059/Sprinkler Zone pegmatites.
Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FRA: SS60) has been awarded a grant of up to $200,000 under the Ontario Junior Exploration Program (OJEP) from the Government of Ontario. The grant will cover 50% of eligible exploration costs at the Big Mack Lithium Project. The company was selected under OJEP's critical minerals stream, which focuses on promoting exploration of critical mineral projects in Ontario.
Additionally, Pan American has completed a debt settlement with Ocean Wall (OWL) for C$30,000 through the issuance of 600,000 common shares at a deemed price of C$0.05 per share. The shares are subject to a four-month hold period. This transaction may be considered a "related party transaction" as Nicky Grant, a director of Pan American, is the Head of Corporate Advisory for OWL.
Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FRA: SS60) has completed Phase Two earn-in payments and work expenditures for the Big Mack Lithium Project in Kenora, Ontario, acquiring a 75% interest. The company can earn an additional 15% interest by issuing C$100,000 of shares by August 22, 2025. Pan American has also terminated its option agreement for the Horizon Property in Esmeralda County, Nevada, citing current market conditions, development costs, and a strategic focus on Big Mack. CEO Jason Latkowcer stated this decision would allow better resource allocation and drive long-term shareholder value.
Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF) has announced that its collaborative research project, 'Geomicrobiology for Detecting Rare Metal Deposits', has been awarded $610,000 in non-dilutive funding from NSERC and MITACS. This project, a collaboration between Pan American, Integral Metals Corp., and the University of Regina, aims to enhance exploration at the Big Mack Lithium Project in Ontario.
The funding will support the Spring 2024 field sampling program and subsequent testing. The program, completed on June 21st, 2024, involved collecting soil, rock, and vegetation samples, as well as recording field data and groundwater chemistry. Pan American intends to use geomicrobiology to refine exploratory drill targets at Big Mack, potentially extending known mineralization.