Pan American reviews 2025, hires market-maker

Executive Summary

• Pan American Energy Corp. provided a year-in-review of 2025 exploration activities and outlined its 2026 exploration strategy for its Tharsis and Big Mack projects.
• The company appointed Independent Trading Group Inc. (ITG) as a market-maker for its common shares on the Canadian Securities Exchange (CSE) for a monthly fee of $3,000.
• Technical work at Tharsis focused on REE and niobium mineralization in the Northwest Territories, while Big Mack work in Ontario focused on lithium-cesium-tantalum (LCT) pegmatite mineralization.

Key Details

• Tharsis Project (Northwest Territories):
  • Acquired in 2025; prospective for rare-earth elements (REEs) and niobium mineralization within a carbonatite alkaline complex.
  • 2025 activities included outcrop magnetic observations, sampling, and bathymetric data collection at Squalus Lake to guide future drilling.
  • 2026 plans include integrating data sets into a consolidated geological interpretation, evaluating a winter drill program to test priority targets, and potential summer mapping, sampling, and project-scale geophysics.
• Big Mack Project (Ontario):
  • Prospective for lithium-cesium-tantalum (LCT) pegmatite mineralization.
  • 2025 work focused on interpreting the latest drilling results alongside 2023 and 2024 data to refine geological controls and drill target prioritization.
  • 2026 plans include updating the geological model using recent drilling results and advancing drill target prioritization.
• Market-Maker Appointment:
  • Independent Trading Group Inc. (ITG) appointed as market-maker for common shares on the CSE.
  • ITG will buy and sell shares to contribute to a fair and orderly market.
  • Company will pay ITG a monthly fee of $3,000.
• Corporate Structure & Assets:
  • Executed option agreement with Magabra Resources for a 75% interest in the Big Mack lithium project (right to earn additional 15% for 90% total).
  • Entered option agreement with Northern Critical Minerals Corp. to acquire up to 100% interest in the Tharsis REE project.
• Technical Review:
  • Scientific and technical content reviewed and approved by Jared Suchan, PhD, PGeo, technical adviser and qualified person under National Instrument 43-101.

Notable Quotes

• "Last year, we continued to build on a strong technical foundation at Tharsis and Big Mack," said Adrian Lamoureux, chief executive officer. "The work completed helped us refine geological understandings and improved our ability to prioritize exploration targets. Now our focus remains on disciplined and cost-effective technical advancement that will support well-justified exploration decisions."