Pan American Energy Selects Key Contractors to Support Planned Winter Drill Program at the Tharsis Project, Northwest Territories

Core Viewpoint - Pan American Energy Corp. has mobilized contractors for its winter field operations, marking a significant step in advancing its exploration projects, particularly the Tharsis Project, which aims to evaluate rare earth elements and niobium potential through a planned diamond drill program [1][4]. Group 1: Contractor Engagement - Critical Discoveries has been contracted to provide drill equipment and crew for the diamond drill program [2] - Heli-Fix has been engaged for fixed-wing aircraft and helicopter support for mobilization and logistics [2] - Discovery Mining Services will provide camp services and expediting support [2] Group 2: Tharsis Project Overview - The Tharsis Project encompasses the Squalus Lake Alkaline Complex, focusing on carbonatite-related exploration targets for rare earth elements and niobium [3] - The project has progressed through geological mapping, UAV magnetic surveying, and sampling programs, refining the exploration model [3] - The winter drill program aims to test subsurface geology and assess the correlation between magnetic signatures and potential mineralization [3] Group 3: Company Developments - The company has executed an option agreement to acquire a 75% interest in the Big Mack Lithium Project, with potential to increase to 90% [7] - An option agreement has also been made with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis REE Project [7] - Pan American Energy Corp. is primarily focused on the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America [6]