Pan American Closes LIFE Offering and Concurrent Private Placement Offering

Core Points - Pan American Energy Corp. has successfully closed a non-brokered private placement of charity flow-through units and non-flow-through units, raising a total of C$2,000,000 [1][2] Group 1: LIFE Offering - The LIFE Offering included the issuance of 1,333,333 Charity FT Units at C$0.75 each and 2,000,000 NFT Units at C$0.50 each, generating gross proceeds of C$2,000,000 [2] - Each Charity FT Unit consists of one flow-through share and one common share purchase warrant, allowing the holder to acquire one common share at $0.85 for 24 months [3] - Each NFT Unit consists of one non-flow-through common share and one share purchase warrant, allowing the holder to acquire one common share at $0.65 for 24 months [4] - Proceeds from the Charity FT Units will be used for Canadian Exploration Expenses qualifying as flow-through mining expenditures, while proceeds from NFT Units will fund exploration expenses and general working capital [5] Group 2: Concurrent Non-Brokered Private Placement - The concurrent private placement raised an additional C$1,000,000 by issuing 2,000,000 units at C$0.50 each [8] - Each unit in the concurrent offering consists of one common share and one common share purchase warrant, with the warrant allowing acquisition of one common share at $0.65 for 24 months [9] - Proceeds from the concurrent offering will also be allocated to exploration expenses and general working capital [10] Group 3: Company Overview - 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 [14]