Welcome to our dedicated page for PAN AMERN ENERGY news (Ticker: PAANF), a resource for investors and traders seeking the latest updates and insights on PAN AMERN ENERGY stock.
Pan American Energy Corp. (OTC: PAANF) generates news primarily through its exploration activities for battery and critical metals in North America. The company is active on projects that target lithium, rare earth elements, niobium, and other high field strength elements, and its updates focus on technical progress at the Big Mack Lithium Project in Ontario and the Tharsis REE Project in the Northwest Territories.
News releases commonly cover drilling campaigns, field programs, and geological modeling. At Big Mack, Pan American has reported on diamond drilling designed to refine the geological model, delineate lithium-cesium-tantalum pegmatite zones, and investigate cesium potential alongside lithium. At Tharsis, the company issues updates on geological mapping, magnetic and lithological studies, and bathymetric surveys on Squalus Lake that support future drill planning.
Investors following PAANF can also expect announcements related to option agreement milestones, earn-in stages, and portfolio decisions, such as completing phases of the Big Mack option or refocusing efforts away from non-core properties. Additional news items may include participation in programs like the Ontario Junior Exploration Program grant under the critical minerals stream, which supports eligible exploration costs.
This news page aggregates Pan American Energy’s publicly released information so readers can track how technical work, project priorities, and exploration strategies evolve over time. For those interested in early-stage lithium and rare earth exploration, the updates provide insight into how the company is advancing its key Canadian projects from data collection through to drill target generation.
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Pan American Energy Corp. (OTC PINK: PAANF) has announced promising findings from its Phase One drill program at the Horizon Lithium Project. Preliminary assays from five out of eleven drill holes reveal significant lithium mineralization, with notable grades peaking at 2,040 ppm over a 5-foot interval. The drilling program, completed on April 20, 2023, serves to support the company's geological hypothesis regarding the Siebert Formation, known for its high lithium content in adjacent projects. The upcoming Phase Two drilling program aims to further investigate the site, with the potential to declare an inferred mineral resource by the end of the year. The initial data suggests that Horizon could parallel other significant lithium claims in the region, enhancing its commercial viability.
Pan American Energy Corp. announced the successful completion of its spin-out plan, leading to the creation of Legacy Lithium Corp. as of April 21, 2023. Shareholders of Pan American as of 12:01 a.m. on the same date are entitled to receive one new common share of Pan American and one-fifth of a common share of Legacy for each share held. The old Pan American common shares were delisted from the CSE after market close on April 20, 2023, with trading of the new shares commencing on April 21, 2023. Legacy shares will not be publicly traded but will operate as a reporting issuer. Additionally, the company is exploring mineral properties for battery metals, including the Big Mack and Horizon Lithium Projects.
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Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) has engaged Clarus Securities Inc. as a financial advisor to enhance its capital market activities. The 12-month agreement will support the company in connecting with institutional investors, strategic partners, and exploring M&A opportunities. CEO Jason Latkowcer expressed confidence in Clarus' ability to add significant value. Pan American, focused on battery metals, owns the Green Energy Lithium Project in Utah and has options for other lithium properties in Nevada and Ontario, positioning itself in a growing market.
On March 22, 2023, Pan American Energy Corp. (OTC PINK: PAANF) announced progress in its Phase I drilling program, having completed six of eleven planned drillholes, totaling 3,297.50 feet of potential lithium-bearing material in the Siebert Formation. Notably, over 86% of drilling has been conducted in this formation, which is known for significant lithium grades. Despite reaching nearly 1,000 feet, the base of the formation has yet to be encountered, suggesting further exploration potential. The company aims to verify these findings with upcoming assay results, expressing optimism about expanding its exploration initiatives.