Pan American Energy Reviews 2025 Work and Outlines 2026 Exploration Strategy

Executive Summary
- Pan American Energy Corp. provided a year‑in‑review of its 2025 exploration activities and outlined technical work planned for 2026 on the Tharsis REE project (Northwest Territories) and the Big Mack lithium‑cesium‑tantalum project (Ontario).
- The company acquired the Tharsis project in 2025 and is evaluating a winter drill program there; additional summer mapping, sampling and geophysics are also planned.
- For Big Mack, Pan American will update its geological model with recent drilling results and continue target prioritization for future exploration.
Key Details
- Tharsis Project (NWT)
- Acquired in 2025; carbonatite alkaline complex prospective for REEs and niobium.
- 2025 work: outcrop magnetic surveys, sampling, bathymetric data collection on Squalus Lake.
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2026 plan: integrate datasets into a consolidated geological interpretation; evaluate winter drill program to test priority targets; summer activities may include targeted mapping, sampling, project‑scale geophysics and other drill‑readiness work.
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Big Mack Project (Ontario)
- Prospective for lithium‑cesium‑tantalum pegmatite mineralization.
- 2025 work: interpretation of latest drilling results combined with 2023‑2024 data to refine geological controls and target prioritization.
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2026 plan: update geological model using recent drill data; advance drill target prioritization; continue integration of all available datasets to define mineralization controls for follow‑up exploration.
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Management Commentary
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CEO Adrian Lamoureux stated the 2025 technical work strengthened the company’s ability to prioritize targets and that 2026 efforts will focus on disciplined, cost‑effective advancement to support well‑justified exploration decisions.
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Qualified Person Review
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Technical content reviewed and approved by Jared Suchan, Ph.D., P.Geo., Qualified Person under NI 43‑101.
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Market Maker Appointment
- Independent Trading Group, Inc. appointed as market maker for Pan American’s CSE shares; company will pay a monthly fee of C$3,000 for services.
Notable Quotes
“Last year, we continued to build on a strong technical foundation at Tharsis and Big Mack,” – Adrian Lamoureux, CEO
“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.” – Adrian Lamoureux, CEO