Pan American Energy field crew on site at Tharsis

Executive Summary

• Pan American Energy Corp. has begun mobilizing personnel, equipment, and camp services to the Tharsis project in Canada’s Northwest Territories in preparation for its winter drilling program.
• Site set‑up and logistical preparations are underway; drilling will start once operational readiness is confirmed.
• The mobilization milestone signals progress toward advancing the rare‑earth element (REE) opportunity at Tharsis.

Key Details

• Mobilization activities include movement of field crews, heavy equipment, and support infrastructure to the Tharsis project site.
• Logistics being established encompass camp services, power supply, road access, and safety protocols required for winter operations in a remote northern environment.
• Drilling is slated to commence after completion of site set‑up and final operational readiness checks (no specific start date disclosed).
• CEO Adrian Lamoureux emphasized that the mobilization “moves us closer to the start of drilling” and positions the company to execute the program efficiently.
• Technical content reviewed and approved by Jared Such an, PhD, PGeo, qualified person under NI 43‑101.

Notable Quotes

“Mobilization is an important milestone for the Tharsis project and moves us closer to the start of drilling,” – Adrian Lamoureux, CEO, Pan American Energy Corp.

Safe harbor statements apply.