Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Production / Operations

Pan American Energy completes drill program at Tharsis

Operational Milestone Achieved

By The Northwire Desk — AI Analysis Apr 23, 2026 · 18:16 PNRG · 0.58 Pan American Energy Corp
Executive Summary
  • Pan American Energy Corp. announced on April 23, 2026, that it has successfully completed its 2026 drilling program at the Tharsis REE project in the Northwest Territories.
  • Field operations and demobilization from the Squalus Lake camp are finalized.
  • All drill core has been transported to Yellowknife for geological logging, sampling, and assay analysis.
  • The company is transitioning to post-fieldwork activities with no immediate release of assay results provided in this update.
  • CEO Adrian Lamoureux expressed satisfaction with the safe demobilization and looks forward to updates as post-field activities advance.
Material Impact
  • Immediate Impact: Neutral. The news confirms execution of a previously announced plan (drilling completion) but does not provide new valuation drivers such as assay results or resource estimates.
  • Market Context: The stock price has declined significantly from its January 2026 peak ($1.28) to the current level ($0.58), suggesting the market had already priced in the drilling progress and is awaiting data.
  • Expectations vs. Reality: This news was expected following the February commencement of drilling. It validates operational discipline but fails to reduce exploration risk without assay data.
  • Catalyst Status: The next material catalyst will be the release of drill assay results, which are not included in this update.
PNRG · Price
Company Overview
  • Pan American Energy Corp. is a junior exploration company focused on critical minerals in Canada.
  • Tharsis Project: Located in the Northwest Territories, targeting Rare Earth Elements (REE), Niobium (Nb), and Yttrium (Y) within the Squalus Lake Alkaline Complex. Drilling program completed April 2026.
  • Big Mack Project: Located in Ontario, prospective for lithium-cesium-tantalum pegmatite mineralization. Mineral Resource Estimate work initiated January 2026.
  • Management: Adrian Lamoureux (CEO), Jared Suchan (Technical Advisor/Qualified Person).
Read the original news release →

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