Pan American Announces Private Placement for up to C$3M

Core Viewpoint - Pan American Energy Corp. plans to complete a non-brokered private placement to raise up to C$3,000,000 through the issuance of Units and Flow-Through Units for exploration and working capital purposes [1][2]. Group 1: Offering Details - The Company intends to issue up to 4,000,000 Units at C$0.50 each and up to 1,538,462 Flow-Through Units at C$0.65 each, with gross proceeds expected to reach C$3,000,000 [1]. - Each Unit will consist of one common share and one share purchase warrant, allowing the holder to acquire one share at C$0.65 for 24 months [1]. - Each Flow-Through Unit will consist of one common share qualifying as a "flow through share" and one warrant with the same terms as the Units [1]. Group 2: Use of Proceeds - Proceeds from the Non-Flow Through Offering will be allocated to exploration expenses related to existing projects and general working capital [2]. - Proceeds from the Flow-Through Offering will be used for Canadian exploration expenses qualifying as "flow-through mining expenditures," which the Company intends to renounce to the initial purchasers of the FT Shares [2]. Group 3: Regulatory and Closing Information - All securities issued will be subject to a statutory hold period of four months and one day [3]. - The Offering is contingent upon receiving all necessary regulatory approvals, including from the Canadian Securities Exchange, and is expected to close around September 15, 2025 [3]. Group 4: Company Background - Pan American Energy Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties containing battery and critical metals in North America [5]. - The Company has acquired a 75% interest in the Big Mack Lithium Project and is pursuing a 100% interest in the Tharsis REE Project, which is prospective for rare earth and high field strength elements [6].