Core Viewpoint - Pan American Energy Corp. is advancing its winter drilling program at the Tharsis Project in Northwest Territories, Canada, with mobilization activities currently underway, including personnel and equipment movement, field logistics establishment, and site preparation for drilling [1][2]. Group 1: Project Development - Mobilization is a significant milestone for the Tharsis Project, indicating progress towards the commencement of drilling [2]. - The company is positioned to execute the drilling program efficiently due to improved access and logistics [2]. Group 2: Company Overview - 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 [4]. - The company has secured a 75% interest in the Big Mack Lithium Project and has the option to earn an additional 15% for a total of 90% interest [5]. - An option agreement has also been made with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis REE Project, which is prospective for rare earth and high field strength elements [5].

Core Viewpoint - Pan American Energy Corp. is set to initiate a winter 2026 diamond drilling program at its Tharsis Project in the Northwest Territories, Canada, aimed at validating high-priority targets for rare earth elements, niobium, and yttrium [1][2][8] Group 1: Drilling Program Details - The upcoming drill program will be the first to directly test subsurface targets at Tharsis, focusing on high-priority areas interpreted as potential carbonatite bodies [2][4] - The program is scheduled for March-April 2026 and will involve approximately 1,500 meters of diamond drilling across up to seven drillholes from three drill pads on Squalus Lake [4][5] - The primary objective is to confirm the presence of potential carbonatite and related intrusive phases, assessing their thickness, distribution, and geological characteristics [5][6] Group 2: Strategic Importance of Targeted Minerals - Yttrium is included in the U.S. Geological Survey's Critical Minerals List for 2025 and 2026 due to its significance in defense, aerospace, and energy sectors, with supply chains heavily concentrated in China [3] - Niobium is also strategically important for high-strength steels and superalloys, facing similar supply risks that necessitate expanded North American production [3] Group 3: Exploration and Future Planning - The drill program aims to generate high-quality drill core for modern analytical work, which will inform follow-on exploration planning and target refinement [7] - The drilling will be supported by a well-developed magnetic framework, prioritizing the northern intrusive center as a high-confidence initial test of the broader system [6]

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]

Pan American Energy begins integrating historical and recent drilling data to support NI 43-101 technical disclosureCALGARY, Alberta, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS6) (“Pan American” or the “Company”) is pleased to announce that it has initiated work to prepare a mineral resource estimate (the “MRE”) for the Company’s Big Mack Project in Ontario, Canada, in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ...

Core Insights - Pan American Energy Corp. plans to conduct a winter diamond drilling program at its Tharsis Project in the Northwest Territories, focusing on rare earth elements (REE) and niobium (Nb) [1][7] - The drilling program aims to provide the first direct subsurface test of a principal intrusive center identified through geophysical methods, assessing the correlation between magnetic signatures and potential mineralization [2][3] Project Development - The Tharsis Project has progressed through geological mapping, UAV magnetic surveying, and sampling, refining the exploration model [2][3] - The upcoming drill program is seen as a crucial step in transitioning from surface-based interpretations to obtaining direct subsurface geological data [4] Technical Framework - The targeting framework integrates various magnetic datasets and interpretations of the complex's magnetic architecture, which includes distinct intrusive phases [3] - The drill program is expected to yield core-based geological, structural, and analytical information to enhance the geological model and inform future exploration efforts [4] Company Overview - Pan American Energy Corp. is primarily engaged in the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America [6] - The company has secured a 75% interest in the Big Mack Lithium Project and an option to acquire up to a 100% interest in the Tharsis REE Project [7]

Core Insights - Pan American Energy Corp. is extending its engagement with Upswitch Media Corp. for an additional 60 days to provide marketing services [1] - The marketing services will include ad content creation, campaign management, translation services, and execution oversight through various online channels [2] - The total fee for Upswitch's services is CAD $300,000, with no securities issued as compensation [2] Company Overview - 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 [3] Recent Developments - The company has acquired a 75% interest in the Big Mack Lithium Project in Ontario, with an option to earn an additional 15% [4] - An option agreement has also been signed with Northern Critical Minerals Corp. to acquire up to a 100% interest in the Tharsis REE Project located in the Northwest Territories [4]

Core Insights - Pan American Energy Corp. provided a summary of exploration activities in 2025 and outlined technical priorities for 2026, focusing on enhancing project understanding and developing practical exploration plans [1] Group 1: Tharsis Project - In 2025, Pan American acquired the Tharsis project, which is prospective for rare earth elements and niobium mineralization, located in the Northwest Territories of Canada [2] - Exploration activities included topographical and geophysical studies, outcrop magnetic observations, sampling, and bathymetric data collection to support future drilling [2] - Plans for 2026 involve integrating datasets into a consolidated geological interpretation and potentially initiating a drill program to test priority targets [2] Group 2: Big Mack Project - The Big Mack Project in Ontario, which is prospective for lithium-cesium-tantalum pegmatite mineralization, saw advancements in its technical foundation in 2025 [3] - The focus was on refining the geological framework through the interpretation of recent drilling results and previously collected datasets [3] - In 2026, the company plans to update the geological model and prioritize drill targets based on the latest findings [3] 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 [8] - The company has executed option agreements to acquire significant interests in both the Big Mack and Tharsis projects, with plans to further develop these properties [9]

Survey Results Refine Lake-Floor Geometry And Support Winter Drill Planning At Tharsis ProjectCALGARY, Alberta, Dec. 30, 2025 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS6) (“Pan American” or the “Company”) is pleased to report the completion of final bathymetric processing from the 2025 field program at the Tharsis Project in the Northwest Territories. The work provides a supportive dataset in advance of planned future drilling activities. The bathymetric survey was condu ...

Core Insights - Pan American Energy Corp. has successfully completed its 2025 preliminary field program at the Tharsis Project, which is located near Squalus Lake in the Northwest Territories, focusing on developing a comprehensive geological and structural model for rare earth element (REE) and niobium mineralization [1][10] Geological and Magnetic Data - The field campaign involved a six-person team mapping and characterizing outcrops around Squalus Lake, particularly near known REE-Nb showings and the magmatic core of the complex [2] - Lithological characterization showed a contrast between magnetic and non-magnetic rock units, with carbonatite and felsic phases displaying low magnetic signatures, while mafic units recorded higher readings [3] - Outcrop A, near the magnetic low core, had a low magnetic susceptibility average of 0.46 × 10⁻⁶ SI, while Outcrop B, along the magnetic high ring, averaged 55 × 10⁻⁶ SI, indicating potential for rare earth elements [3] Bathymetric Survey - A detailed bathymetric survey of Squalus Lake was conducted, collecting approximately 17,500 data points along 100-meter-spaced east-west transects, excluding areas with low water levels [4] - The bathymetric dataset will support the construction of a three-dimensional model of the lake bottom, aiding in the identification and refinement of drill targets [4] Archaeological Considerations - An archaeological field survey was conducted with support from a local Indigenous community member to ensure exploration work aligns with heritage and cultural preservation standards [6] Future Plans - All datasets from the 2025 program will be consolidated into a 3D geospatial workspace to assist with drill planning, including the preparation of a preliminary geological map and integrated model [7] - The next phase will guide the placement of the first drill holes at Tharsis, leveraging the integrated datasets [7][8]

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]