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Pan American Energy Corp. reports exploration-stage developments for mineral properties focused on battery and critical metals in North America. Company news centers on the Tharsis Project in the Northwest Territories, where work has addressed rare earth element, niobium and yttrium potential within the Squalus Lake Alkaline Complex through mapping, UAV magnetic surveying, sampling, field logistics and diamond drilling.
Updates also cover technical disclosure work for the Big Mack Project in Ontario, including drilling-data integration and NI 43-101 mineral-resource processes. Corporate releases may address contractor engagement, marketing services and other operating arrangements tied to advancing exploration programs.
Pan American Energy (OTC:PAANF) completed geological logging and core sampling from its 2026 diamond drill program at the Tharsis Project in Canada’s Northwest Territories. A total of 464.5 metres were drilled across five holes at the Squalus Lake Alkaline Complex, targeting a priority carbonatite-related intrusive center. Samples have been submitted to ALS for geochemical analysis, with results and further updates to follow.
Pan American Energy (OTC: PAANF) completed its 2026 drill program at the Tharsis Project in Northwest Territories and has demobilized from the Squalus Lake camp.
All drill core was shipped to Yellowknife for processing; technical teams will perform geological logging, sampling for assays, and compilation and interpretation of program data.
Pan American Energy (OTC: PAANF) has begun diamond drilling at the Tharsis Project in Northwest Territories, Canada, marking its first drill program at the Squalus Lake Alkaline Complex.
The winter 2026 program targets REE, niobium, and yttrium at depth with approximately 1,500 metres planned, starting from an ice-based setup; the company will provide updates as results arrive.
Pan American Energy (OTC: PAANF) has begun mobilizing field crews, personnel and equipment for its winter drilling program at the Tharsis Project in Northwest Territories, Canada, with drilling to begin after site setup and operational readiness.
The company said mobilization covers logistics, camp services and technical preparation; scientific content was reviewed by a Qualified Person under NI 43-101.
Pan American Energy (OTC: PAANF) announced a winter 2026 diamond drill program at the Tharsis Project, Northwest Territories, planned for March–April 2026.
The program targets rare earth elements, niobium, and yttrium, comprises approximately 1,500 metres across up to seven holes from ice pads on Squalus Lake, and aims to test interpreted carbonatite intrusive centers supported by magnetic geophysics.
Drilling will produce core for logging, sampling, and laboratory analysis to refine the district-scale exploration model and prioritize follow-up work.
Pan American Energy Corp (OTC PINK: PAANF) announced an extension of its marketing engagement with Upswitch Media Corp. for an anticipated additional 60 days beginning on or about February 9, 2026.
The company will pay CAD $300,000 for marketing services covering ad content, translations, campaign management, testing and analytics; no securities will be issued as compensation.
Pan American Energy (OTC: PAANF) selected primary contractors to support a planned winter diamond drill program at the Tharsis Project, Northwest Territories. Critical Discoveries will supply drill equipment and crew, Heli-Fix will provide fixed-wing and helicopter logistics, and Discovery Mining Services will provide camp and expediting support.
The program aims to provide the first direct subsurface test of a principal intrusive centre in the Squalus Lake Alkaline Complex to evaluate magnetic signatures for carbonatite-related REE and niobium mineralization. A Qualified Person has reviewed the technical content.
Pan American Energy (OTC: PAANF) has begun work to prepare a NI 43-101 mineral resource estimate (MRE) for the Big Mack Project in Ontario, Canada, announced Jan 27, 2026. The MRE will integrate historical and recent drilling data, including nine drillholes completed Nov–Dec 2024, into a 3D geological interpretation and block model with standard QA/QC, data verification, and review.
The company plans to update its NI 43-101 technical disclosure with new figures, maps, sections, and tables upon MRE completion. Jared Suchan, Ph.D., P.Geo., approved the technical content as a Qualified Person.
Pan American Energy (OTC: PAANF) plans a winter diamond drilling program at its optioned Tharsis Project in the Northwest Territories to provide the first core-based subsurface test of priority REE–Nb targets identified by geophysics. The program targets a principal intrusive centre interpreted from UAV and regional magnetic surveys to test whether magnetic signatures correlate with carbonatite bodies and associated rare earth element and niobium mineralization at depth. Results are intended to refine the geological model and guide follow-up targeting.
Pan American Energy (OTC: PAANF) reviewed 2025 exploration work and set technical priorities for 2026 across the Tharsis and Big Mack projects. In 2025 the company acquired Tharsis (carbonatite complex, REE and niobium prospective) and completed outcrop magnetic observations, sampling and bathymetry at Squalus Lake to support drill targeting. At Big Mack (Ontario, LCT pegmatite prospective) 2025 work integrated 2023–2025 drilling and datasets to refine geological controls. Planned 2026 activities include dataset integration, updated geological models, drill-target prioritization and potential winter drilling at Tharsis. The company also appointed Independent Trading Group as a C$3,000/month market maker on the CSE.