Northwire Canada EditionWednesday, July 15, 2026
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FG 0.040 +14.3% EFR 17.58 −5.5% IVN 10.50 −2.6% MASS 0.090 +0.0% NTH 0.160 −3.0% LIF 26.54 −2.4% CPAU 0.155 +0.0% PTX 0.110 +0.0% VENT 0.160 +0.0% ANK 0.280 −3.5% ODV 3.27 −3.0% MINK 0.105 +0.0% ZEN 0.660 +3.1% LCE 0.250 +4.2% CBA 0.085 +0.0% SGU 0.040 +0.0% FG 0.040 +14.3% EFR 17.58 −5.5% IVN 10.50 −2.6% MASS 0.090 +0.0% NTH 0.160 −3.0% LIF 26.54 −2.4% CPAU 0.155 +0.0% PTX 0.110 +0.0% VENT 0.160 +0.0% ANK 0.280 −3.5% ODV 3.27 −3.0% MINK 0.105 +0.0% ZEN 0.660 +3.1% LCE 0.250 +4.2% CBA 0.085 +0.0% SGU 0.040 +0.0%
Drill Results

Pan American Energy Commences Drilling at the Tharsis Project

By The Northwire Desk — AI Analysis Mar 16, 2026 · 08:00 PNRG · 0.58 Pan American Energy Corp.
PNRG · Price

Executive Summary

  • Pan American Energy Corp. has begun diamond drilling at the Tharsis Project in the Northwest Territories, marking the first drill program for the property.
  • The winter 2026 program targets approximately 1,500 m of core drilling from an ice‑based setup on Squalus Lake to test REE, Nb and Y potential.
  • The company will release further updates as results become available, supporting its strategy to develop a North American supply chain for critical minerals.

Key Details

  • Project: Tharsis REE Project – located within the Squalus Lake Alkaline Complex (SLAC).
  • Drilling Start: First drill hole underway from an ice‑based rig on Squalu​s Lake.
  • Program Scope: Planned 1,500 m of diamond drilling for the winter 2026 season, subject to field conditions.
  • Exploration Focus: Evaluate carbonatite bodies that may host rare earth elements (REE), niobium (Nb) and yttrium (Y).
  • Prior Work: Completed surface sampling, geophysical interpretation, and project‑scale modelling to define priority drill targets.
  • Qualified Person: Jared Suchan, Ph.D., P.Geo., Technical Advisor (NI 43‑101 Qualified Person).
  • CEO Quote: Adrian Lamoureux highlighted the milestone and the transition from surface work to drilling as a step toward unlocking discovery potential.

Notable Quotes

“Starting the first drill hole at Tharsis is an exciting milestone for the Company… With drilling now underway, we are beginning the next phase of exploration as we work to unlock the discovery potential of the Tharsis project.” – Adrian Lamoureux, CEO

Materiality Assessment: Non‑Material – Positive (operational update indicating progress but no immediate financial impact).

Read the original news release →

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Drill Results