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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 its support for a project aimed at producing battery-grade lithium hydroxide from geothermal brines. Led by the University of Nevada, this project is a response to the Department of Energy's funding opportunity. The company plans to provide brine solutions from its Green Energy Lithium property to assist in developing efficient lithium extraction technologies. CEO Jason Latkowcer emphasizes the potential benefits of this collaboration for both the company and the lithium mining industry. The project aims to enhance sustainability in lithium production while potentially transforming the sector.
Pan American Energy Corp. (CSE: PNRG) (OTC PINK: PAANF) plans to spin out its Green Energy Lithium Project in Utah into a wholly-owned subsidiary. The move aims to unlock the project’s value and enhance focus on the Horizon and Big Mack Lithium Projects. Shareholders will receive shares of the new subsidiary on a pro rata basis. The spin-out is anticipated to proceed by March 15, 2023, pending required approvals. CEO Jason Latkowcer believes this reorganization will better reflect asset values and allow for more effective resource allocation.
Pan American Energy Corp. has received approval for its Phase 1 drill program at the Horizon Lithium Project in Esmeralda County, Nevada. The approval allows drilling of 19 lithium prospecting core holes on 17,334 acres managed by the BLM. CEO Jason Latkowcer highlighted the successful permit submission, positioning the company to advance its drilling program in Q1 2023. This announcement follows positive developments in the Tonopah region, particularly an increase in lithium resources at nearby projects.
Pan American Energy Corp. has submitted a Notice of Intent to the Bureau of Land Management for re-entry well exploration drilling at the Cane Creek Federal 11-1 site in Utah's Paradox Basin. This exploration plan covers a 4,160-acre area and aims to enhance understanding of subsurface geology. The project duration is estimated at three months for drilling and sampling, followed by seven months for land reclamation. The company anticipates improved insights into valuable mineral concentrations, including lithium, and plans to utilize direct lithium extraction technology.
Pan American Energy Corp. has engaged Ocean Wall Limited as a strategic advisor to enhance its capital markets presence and provide insights into the lithium market. This collaboration aims to boost investor awareness in regions including the UK, Europe, and the UAE. CEO Jason Latkowcer expressed confidence in Ocean Wall's ability to connect with investors regarding Pan American's North American lithium projects, notably the Green Energy Lithium Project in Utah. The strategic partnership aligns with government interests in developing domestic lithium assets, enhancing the company's growth potential.
Pan American Energy Corp. announces the addition of Emilio Bunel to its technical advisory team effective December 1, 2022. Bunel, a lithium and technology expert, has extensive experience in catalysis and energy storage, previously serving at DuPont and the U.S. Department of Energy's Argonne National Laboratory. He was also VP of Innovation at Sociedad Química y Minera. The company granted Bunel 50,000 stock options at $0.80 per share, vesting quarterly. Pan American focuses on mineral properties for battery metals in North America, including the Green Energy Lithium Project in Utah.
Pan American Energy Corp. (OTC PINK: PAANF) announced the submission of a Notice of Intent (NOI) to the Bureau of Land Management for a Phase 1 drilling program at its Horizon Lithium Project in Nevada. The program aims to explore 19 lithium prospecting core holes to quantify potential lithium deposits. The drilling is expected to maximize returns on investment and will utilize modern analysis tools. The activities will occur over approximately three months, concluding with surface reclamation efforts.
Pan American Energy Corp. (OTC PINK: PAANF) announced the completion of drill trail repairs on its Big Mack Property, enhancing access for trucks and drilling rigs. This infrastructure development marks the first on-site advancement and ensures safer operations for exploration. The company has renewed its mining lease until 2042, while an updated exploration and closure plan is underway. A drilling program, exceeding 5,000 meters, is expected to commence soon, focusing on the Big Mack and Eleven Zone surface exposures.
Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) announces the appointment of William Gibbs to its Board of Directors, effective November 10, 2022. Gibbs brings over 17 years of experience in oil, gas, and mining sectors, aiming to enhance the North American lithium supply chain. Concurrently, Eli Dusenbury steps down from the Board. Additionally, Foster Wilson joins as an advisor to support geological exploration. The company granted stock options and restricted share rights to Gibbs and other consultants, signaling confidence in future growth.