PAN AMERN ENERGY Stock Price, News & Analysis

Pan American Energy Corp. (OTC: PAANF) is an exploration stage mining company focused on the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America. The company is listed on the Canadian Securities Exchange under the symbol CSE: PNRG and on the Frankfurt Stock Exchange under FSE: SS60. According to its public disclosures, Pan American concentrates on projects that are prospective for lithium, rare earth elements (REEs), niobium, and other high field strength elements.

Pan American Energy’s business model centers on advancing early-stage mineral projects through systematic technical work. As an exploration stage company, it emphasizes geological data collection, interpretation, and drill-target generation rather than mineral production. Its activities include entering into option agreements on mineral properties, funding exploration programs, and building geological models that can support future development decisions.

Big Mack Lithium Project

A core asset for Pan American Energy is the Big Mack Lithium Project, located in the Kenora area of northwestern Ontario, Canada. The company has executed an option agreement in Canada with Magabra Resources pursuant to which it has acquired a 75% interest in the Big Mack Lithium Project, with the right to earn an additional 15% for a total 90% interest. The project is described as prospective for lithium-cesium-tantalum (LCT) pegmatite mineralization.

Pan American has carried out drilling and technical work at Big Mack to refine the geological model and prioritize drill targets. Public news releases describe earlier and ongoing drill campaigns designed to build on previous exploration, delineate mineralized pegmatite zones, and improve understanding of lithium and cesium distribution within the property. The company has also highlighted work integrating geochemical and geophysical datasets to support these objectives.

The Big Mack property lies within a region known for LCT pegmatites, and Pan American’s technical programs have focused on characterizing pegmatite bodies and assessing their lithium and cesium potential. The company has reported multiple mineralized pegmatite zones on the property, including areas referred to as the Big Mack, Eleven Zone, and 6059/Sprinkler Zone pegmatites. Exploration work has included diamond drilling and other field-based studies to advance target definition.

Tharsis REE Project

Another key focus for Pan American Energy is the Tharsis Project in the Northwest Territories, Canada. The company has entered into an option agreement with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis REE Project. The project consists of seven mineral claims totaling 8,750 hectares and covers the Squalus Lake Alkaline Complex (SLAC), described as a Proterozoic-age carbonatite-bearing intrusive complex.

Pan American’s disclosures state that the Tharsis Project is prospective for rare earth elements (REEs) and high field strength elements (HFSEs), including niobium. Exploration to date has confirmed the presence of carbonatite-bearing rocks and elevated concentrations of REEs and HFSEs in surface rock samples. Magnetic anomalies at the project are interpreted to reflect zoned carbonatite phases, a style of geology that is recognized globally for its potential to host light rare earth element mineralization.

The company has outlined a structured, multi-step exploration plan at Tharsis. Field programs have included geological mapping, lithological characterization, magnetic susceptibility measurements, rock sampling, and bathymetric surveys on Squalus Lake. These datasets are being integrated into three-dimensional models to refine the geological and structural interpretation of the Squalus Lake alkaline complex and to support drill target generation beneath and around the lake.

Pan American has reported that bathymetric surveys collected tens of thousands of depth measurements across Squalus Lake, which were processed into a digital elevation model and integrated with airborne magnetic data. This work is intended to define basin geometry, identify shallow and deeper areas, and support planning for potential winter drilling from lake ice. The company has also referenced archaeological and cultural assessments to align exploration with territorial heritage guidelines.

Exploration Strategy and Technical Approach

Across its portfolio, Pan American Energy describes its approach as systematic and technically driven. In recent communications, the company has emphasized building a more complete understanding of each project by consolidating geological, geophysical, and geochemical data into coherent interpretations. This includes:

• Developing and updating geological models for Big Mack and Tharsis.
• Using integrated datasets (drilling, mapping, magnetic surveys, bathymetry) to refine drill target prioritization.
• Maintaining flexibility in exploration planning based on evolving interpretations, permitting considerations, and available capital.

Pan American’s scientific and technical information is reviewed and approved by a Qualified Person as defined by National Instrument 43-101. The company refers readers to its technical reports filed on the SEDAR+ system for detailed QA/QC and data verification procedures.

Project Portfolio Focus

Pan American Energy’s portfolio is focused on battery metals and critical minerals in Canada, particularly lithium and rare earth elements. The company has noted that it is concentrating resources on the Big Mack Lithium Project and the Tharsis REE Project. It has also disclosed the termination of a previous option agreement on the Horizon Property in Nevada, citing market conditions, the costs and technical resources required to develop claystone lithium deposits, and its desire to focus efforts on Big Mack.

This focus reflects the company’s stated objective of advancing projects that it regards as higher priority within the battery and critical metals space. Its work programs are framed around responsible and technically rigorous exploration, with reference to collaboration with local stakeholders and adherence to environmental and cultural guidelines.

Trading and Corporate Context

Pan American Energy Corp. trades in the United States on the OTC market under the symbol PAANF, on the Canadian Securities Exchange as PNRG, and on the Frankfurt Stock Exchange as SS60. Public communications describe it as an exploration stage company rather than a producing miner, which means its value proposition is tied to the advancement and potential of its mineral projects rather than current production revenues.

The company has also disclosed participation in government-supported exploration funding programs. For example, it reported being awarded a grant under the Ontario Junior Exploration Program (OJEP) critical minerals stream to support exploration at Big Mack. Such grants are described as non-dilutive funding that can offset eligible exploration costs on the project.

Position Within the Mining Sector

Within the broader mining, quarrying, and oil and gas extraction sector, Pan American Energy is classified under dimension stone mining and quarrying for industry categorization purposes, while its own disclosures focus on battery and critical metals exploration. Its activities align with early-stage mineral exploration, including earn-in agreements, field programs, drilling, and geological modeling.

Investors and observers considering PAANF typically review the company’s technical reports, option agreement terms, and exploration updates to understand how its projects are progressing. Because the company is in the exploration stage, regulatory filings and technical disclosures are central sources of information about project potential and ongoing work.

Key Facts About Pan American Energy Corp. (PAANF)

• Exploration stage company focused on battery and critical metals in North America.
• Holds a 75% interest, with an option to earn up to 90%, in the Big Mack Lithium Project in Ontario through an agreement with Magabra Resources.
• Has an option agreement with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis REE Project in the Northwest Territories.
• Tharsis covers the Squalus Lake Alkaline Complex, a Proterozoic-age carbonatite-bearing intrusion prospective for rare earth and high field strength elements.
• Engages in geological mapping, drilling, geophysical surveys, and bathymetric studies to support drill target generation and project advancement.
• Classified in the mining sector, with an industry designation of dimension stone mining and quarrying, while its disclosed focus is on lithium, REEs, niobium, and related critical minerals.

Frequently Asked Questions (FAQ)

Q: What does Pan American Energy Corp. do?
A: Pan American Energy Corp. is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America. Its public disclosures highlight lithium, rare earth elements, niobium, and other high field strength elements as key targets.

Q: What are Pan American Energy’s main projects?
A: The company’s main projects are the Big Mack Lithium Project in Ontario and the Tharsis REE Project in the Northwest Territories. Big Mack is prospective for lithium-cesium-tantalum pegmatite mineralization, while Tharsis covers the Squalus Lake Alkaline Complex, which is prospective for rare earth and high field strength elements.

Q: How much interest does Pan American Energy hold in the Big Mack Lithium Project?
A: Pan American has executed an option agreement with Magabra Resources pursuant to which it has acquired a 75% interest in the Big Mack Lithium Project, with the right to earn an additional 15% interest for a total 90% interest under the terms of the agreement.

Q: What is the Tharsis Project and why is it important to Pan American Energy?
A: The Tharsis Project consists of seven mineral claims totaling 8,750 hectares in the Northwest Territories and encompasses the Squalus Lake Alkaline Complex. It is important to Pan American because exploration has confirmed carbonatite-bearing rocks and potential for rare earth and high field strength element mineralization, and the company has an option to acquire up to a 100% interest in the project.

Q: What types of exploration work has Pan American conducted at Tharsis?
A: At Tharsis, Pan American has reported geological mapping, lithological characterization, magnetic susceptibility measurements, rock sampling, bathymetric surveys on Squalus Lake, and integration of these datasets into three-dimensional models. These activities are intended to refine the geological interpretation and support drill target generation.

Q: How is Pan American Energy advancing the Big Mack Lithium Project?
A: The company has conducted diamond drilling campaigns and technical studies at Big Mack to refine the geological model, delineate mineralized pegmatite zones, and prioritize drill targets. It has also integrated geochemical and geophysical data and reported work related to lithium and cesium potential within the pegmatites.

Q: Does Pan American Energy receive any government support for its exploration activities?
A: Pan American has disclosed that it was awarded a grant of up to a specified amount under the Ontario Junior Exploration Program’s critical minerals stream to support exploration at the Big Mack Lithium Project. The grant is described as non-dilutive funding that can cover a portion of eligible exploration costs, subject to program conditions.

Q: Is Pan American Energy a producing mining company?
A: No. Based on its public descriptions, Pan American Energy is an exploration stage company. Its activities focus on acquiring and exploring mineral properties and developing geological models rather than operating producing mines.

Q: On which exchanges does Pan American Energy trade?
A: Pan American Energy Corp. trades on the Canadian Securities Exchange under the symbol PNRG, on the OTC market in the United States under PAANF, and on the Frankfurt Stock Exchange under SS60.

Q: What sector and industry classification apply to Pan American Energy?
A: The company is classified in the mining, quarrying, and oil and gas extraction sector, with an industry designation of dimension stone mining and quarrying, while its own disclosures emphasize exploration for battery and critical metals such as lithium and rare earth elements.