Pan American Announces LIFE Offering and Concurrent Private Placement Offering

Core Viewpoint - Pan American Energy Corp. has announced a shift from its previously planned private placement to a new non-brokered private placement under the "listed issuer financing exemption," aiming for gross proceeds of up to C$2,000,000 through the LIFE Offering and an additional C$1,000,000 from a concurrent offering [1][8]. Group 1: LIFE Offering Details - The LIFE Offering will consist of a minimum of 753,333 and a maximum of 1,333,333 charity flow-through units priced at C$0.75 each, and up to 2,000,000 non-flow-through units priced at C$0.50 each, targeting minimum gross proceeds of C$565,000 and maximum gross proceeds of C$2,000,000 [2]. - Each Charity FT Unit includes one flow-through share and one common share purchase warrant, allowing the holder to acquire one common share at C$0.85 for 24 months post-closing [3]. - Each NFT Unit consists of one non-flow-through common share and one share purchase warrant, enabling the holder to acquire one common share at C$0.65 for 24 months following the closing [4]. Group 2: Use of Proceeds - Proceeds from the Charity FT Units will be allocated to Canadian Exploration Expenses qualifying as flow-through mining expenditures, while proceeds from the NFT Units will fund exploration expenses for existing projects and general working capital [5][10]. Group 3: Offering Structure and Timeline - The LIFE Offering is available to purchasers in all Canadian provinces except Quebec, and the shares offered are expected to be immediately free tradeable under Canadian securities legislation [6]. - The closing of the Offering is anticipated around October 6, 2025, subject to necessary regulatory approvals [11]. Group 4: Company Background - Pan American Energy Corp. is engaged in the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America [13]. - 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 [14].