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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.
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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.