PAN AMERN ENERGY CORP Stock Price, News & Analysis

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.

Pan American Energy Corp. (OTC PINK: PAANF) has partnered with Integrity Mining and Industrial (IMI) to explore sustainable chemistries aimed at enhancing lithium recovery from various sources. The collaboration will involve sharing samples from Pan American's Horizon Lithium and Big Mack properties for testing at IMI's facilities. IMI specializes in bio-based chemicals that replace traditional methods, promoting sustainability in lithium extraction. Jason Latkowcer, CEO of Pan American, emphasizes the commitment to optimizing lithium production processes, while IMI aims to diversify into critical minerals. This partnership reflects a strategic move towards supporting the growing electric and green markets.

Pan American Energy Corp. has announced a Special Meeting of shareholders on April 11, 2023, to vote on a proposed spin-out of its Green Energy Property in Utah. The Meeting Materials have been distributed, detailing the transaction with Legacy Lithium Corp., which aims to unlock the value of the Green Energy Property. Shareholders of record as of February 27, 2023, can vote, with the deadline for proxy returns on April 6, 2023. A 66.67% approval is required for the transaction to proceed. The board recommends voting in favor of the resolution, emphasizing the benefits of separating operations to focus on the advancement of their projects.

Pan American Energy Corp. (OTC PINK: PAANF) has initiated drilling at hole #3, HL022, located near a significant inferred lithium claystone resource deposit in the USA. On February 26, 2023, the company reported 539 feet of continuous potential lithium-bearing claystone at drill hole HL009. The ongoing drilling program is fully permitted and includes a total of 22 holes. CEO Jason Latkowcer expressed optimism about HL022's potential, particularly given its proximity to American Battery Technology Corp's substantial resource deposit of 15.8 million tons of lithium carbonate equivalent.

Pan American Energy Corp. (OTC PINK: PAANF) has announced the successful completion of drill hole #1 (HL010) and the commencement of drill hole #2 (HL090) in its lithium exploration program. The initial drill hole revealed 878 feet of continuously potential lithium-bearing claystone, with further observations made at 989 feet. CEO Jason Latkowcer remarked on the promising results, indicating potential for a meaningful lithium resource estimate. A total of 181 samples are set for expedited analysis at ALS Global in Reno, Nevada. The ongoing exploration aims to capitalize on the growing demand for battery metals.

Pan American Energy Corp. (OTC PINK: PAANF) has commenced its Phase 1 drilling program at the Horizon Lithium Project in Nevada. This exploration initiative focuses on eleven priority drill holes out of a total of twenty-two planned. The drilling started on February 12, 2023, with the initial hole HL010 already in progress. Partnering with KB Drilling and RESPEC Consulting, the company has established a core logging facility in Tonopah. CEO Jason Latkowcer expressed enthusiasm over the initial setup and drilling progress, highlighting the team's readiness to ensure a successful operation.

Pan American Energy Corp. (OTC PINK: PAANF) has announced the commencement of its Phase 1 exploration drilling program at the Horizon Lithium Project in Nevada, scheduled for February 11, 2023. The project spans 17,334 acres and is located near Tonopah. A core drilling rig has been mobilized, and the drilling will involve twenty-two core drill holes, managed by KB Drilling and overseen by RESPEC Consulting. CEO Jason Latkowcer expressed excitement about entering the lithium sector, buoyed by recent industry developments, including significant investments in lithium projects in Nevada.

Pan American Energy Corp. (OTC PINK: PAANF) has announced a spin-out plan for its Green Energy Lithium Property into a new entity named Legacy Lithium Corp.. On April 11, 2023, shareholders will vote on the arrangement, which proposes that for every five common shares of Pan American, shareholders will receive one share of Legacy. The record date for this distribution is anticipated to be April 17, 2023, with the closing date expected around April 19, 2023. This move aims to unlock shareholder value in the lithium property while allowing Pan American to focus on its other projects. There will be no change in individual holdings of Pan American shares.

Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) has received Bureau of Land Management approval for an amendment to increase its exploration drilling from 19 to 22 lithium prospecting core holes at the Horizon Lithium Project, located in Esmeralda County, Nevada. This expansion allows for enhanced opportunities to detect lithium mineralization early in the phase 1 program. The Horizon Lithium Project spans 17,334 acres and is adjacent to American Battery Technology’s project. CEO Jason Latkowcer emphasized the efficacy of Nevada's permitting system in supporting mining initiatives.