Core Viewpoint - Pan American Energy Corp. is advancing its Big Mack Project in Ontario by preparing a mineral resource estimate (MRE) in accordance with NI 43-101 standards, utilizing historical and recent drilling data to enhance technical disclosure [1][2]. Group 1: Project Development - The MRE for the Big Mack Project will be based on drilling results from the 2023 and 2024 programs, including nine additional drillholes completed between November and December 2024 [1]. - The company aims to integrate the drilling database into a modern three-dimensional geological interpretation and resource estimation block model, along with customary data verification and review work [1]. Group 2: Management Statements - CEO Adrian Lamoureux emphasized that advancing to a mineral resource estimate is crucial for establishing a stronger technical foundation for the Big Mack Project, believing that the current drilling data supports this next stage of technical work [2]. Group 3: Company Background - Pan American Energy Corp. is primarily engaged in the acquisition, exploration, and development of 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 has the option to earn an additional 15%, totaling a 90% interest [6].

Core Insights - The completion of the bathymetric survey at the Tharsis Project enhances the company's readiness for winter drilling activities, providing critical data on lake depths and ice-based access for drill rigs [1][4]. Survey Details - The bathymetric survey conducted in September 2025 collected approximately 17,500 depth measurements across Squalus Lake, with data acquired along east-west traverse lines spaced at roughly 100 meters [2]. - The survey coverage was continuous across most of the lake basin, with limited gaps in shallow areas due to low water conditions [3]. - The final digital elevation model (DEM) successfully defines the basin geometry, identifying shallow shoals and deeper troughs, and has been integrated with existing airborne magnetic data [3][9]. 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 [6]. - 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 [7].

Core Insights - Pan American Energy Corp. is advancing its exploration campaign at the Tharsis Project, focusing on geological understanding through a bathymetric survey and outcrop characterization [1][4] Exploration Campaign Details - The exploration program will take place over approximately two weeks in September 2025, concentrating on mapping the lake bottom and investigating adjacent bedrock exposures [1][2] - A dedicated bathymetric survey is expected to produce a high-resolution digital model of the lake bottom and extend imaging to the sediment-bedrock interface where feasible [2] - Targeted outcrop studies will include measuring magnetic susceptibility and compiling detailed lithological descriptions to refine the regional geological model [2] Compliance and Environmental Considerations - An Archaeological Impact Assessment (AIA) will be conducted to ensure compliance with territorial heritage and cultural guidelines, building on an earlier Archaeological Overview Assessment (AOA) [3] - This assessment is a crucial step towards achieving drill readiness in a responsible and environmentally conscious manner [3] Company Statements - CEO Adrian Lamoureux emphasized the importance of the program for the Tharsis Project, stating that the combination of surveys will help create a comprehensive geological picture and identify drill targets responsibly [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 [6] - 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 [7]

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].