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About Pan American Energy Corp (PAANF)
Pan American Energy Corp (OTC: PAANF) is a North American exploration-stage company specializing in the acquisition, exploration, and development of mineral properties containing battery metals, with a primary focus on lithium. As the demand for lithium continues to rise due to its critical role in the production of batteries for electric vehicles (EVs) and renewable energy storage systems, Pan American Energy positions itself within this high-growth sector by targeting strategic lithium-rich regions in Canada and the United States.
Core Business Model
The company’s business model revolves around identifying, acquiring, and advancing mineral properties with significant lithium potential. By leveraging modern exploration techniques and forming strategic partnerships with research institutions, Pan American Energy aims to define economically viable resources for the production of battery-grade lithium compounds, such as lithium hydroxide. This positions the company as a potential upstream contributor to the global EV and renewable energy supply chains.
Project Portfolio
- Big Mack Lithium Project (Ontario, Canada): Located approximately 80 km north of Kenora, Ontario, the Big Mack Lithium Project is situated within an Ontario-registered mining lease with over 30 years of exploration history. The property hosts four known lithium-bearing pegmatites, including the Big Mack pegmatite, which is the largest petalite-bearing mass on the property. These pegmatites are interpreted as zoned Complex Type, Petalite Subtype LCT Pegmatites, making them a promising source for high-purity lithium compounds.
- Horizon Lithium Project (Nevada, USA): Situated in the Tonopah Lithium Belt within Esmeralda County, Nevada, this project is strategically located in one of North America’s most prolific lithium exploration regions. The company holds a 100% interest in the property, which underscores its commitment to diversifying its asset base and tapping into the U.S. lithium market.
Strategic Collaborations and Research Initiatives
To enhance its exploration and metallurgical processes, Pan American Energy collaborates with leading academic and research institutions. Notable partnerships include the University of Nevada, Reno, for metallurgical testing and the University of Regina for geomicrobiology research aimed at detecting rare metal deposits. These collaborations not only strengthen the company’s technical capabilities but also underscore its commitment to sustainable and innovative mining practices.
Industry Context and Competitive Position
The lithium industry is highly competitive, with established producers and exploration-stage companies vying for market share. Pan American Energy differentiates itself through its focus on petalite-bearing pegmatites, which offer the potential for producing high-purity lithium hydroxide—a critical component for EV batteries. Additionally, its geographically diversified project portfolio in Canada and the U.S. reduces geopolitical risks and enhances its appeal as a North American lithium supplier.
Commitment to Quality and Standards
The company adheres to stringent quality assurance and quality control (QA/QC) protocols, including the use of certified standard control samples and independent laboratory analyses. These measures ensure the reliability and accuracy of its exploration data, which is critical for resource estimation and future development.
Conclusion
Pan American Energy Corp represents a promising player in the lithium exploration sector, with a focus on advancing projects that cater to the growing demand for battery metals. Through its strategic project portfolio, technical collaborations, and commitment to quality, the company positions itself as a potential contributor to the global transition toward sustainable energy solutions.
Pan American Energy Corp. (OTC PINK: PAANF) has announced promising findings from its Phase One drill program at the Horizon Lithium Project. Preliminary assays from five out of eleven drill holes reveal significant lithium mineralization, with notable grades peaking at 2,040 ppm over a 5-foot interval. The drilling program, completed on April 20, 2023, serves to support the company's geological hypothesis regarding the Siebert Formation, known for its high lithium content in adjacent projects. The upcoming Phase Two drilling program aims to further investigate the site, with the potential to declare an inferred mineral resource by the end of the year. The initial data suggests that Horizon could parallel other significant lithium claims in the region, enhancing its commercial viability.
Pan American Energy Corp. announced the successful completion of its spin-out plan, leading to the creation of Legacy Lithium Corp. as of April 21, 2023. Shareholders of Pan American as of 12:01 a.m. on the same date are entitled to receive one new common share of Pan American and one-fifth of a common share of Legacy for each share held. The old Pan American common shares were delisted from the CSE after market close on April 20, 2023, with trading of the new shares commencing on April 21, 2023. Legacy shares will not be publicly traded but will operate as a reporting issuer. Additionally, the company is exploring mineral properties for battery metals, including the Big Mack and Horizon Lithium Projects.
Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) has engaged Clarus Securities Inc. as a financial advisor to enhance its capital market activities. The 12-month agreement will support the company in connecting with institutional investors, strategic partners, and exploring M&A opportunities. CEO Jason Latkowcer expressed confidence in Clarus' ability to add significant value. Pan American, focused on battery metals, owns the Green Energy Lithium Project in Utah and has options for other lithium properties in Nevada and Ontario, positioning itself in a growing market.
On March 22, 2023, Pan American Energy Corp. (OTC PINK: PAANF) announced progress in its Phase I drilling program, having completed six of eleven planned drillholes, totaling 3,297.50 feet of potential lithium-bearing material in the Siebert Formation. Notably, over 86% of drilling has been conducted in this formation, which is known for significant lithium grades. Despite reaching nearly 1,000 feet, the base of the formation has yet to be encountered, suggesting further exploration potential. The company aims to verify these findings with upcoming assay results, expressing optimism about expanding its exploration initiatives.
Pan American Energy Corp. (OTC PINK: PAANF) has partnered with Integrity Mining and Industrial (IMI) to explore sustainable chemistries aimed at enhancing lithium recovery from various sources. The collaboration will involve sharing samples from Pan American's Horizon Lithium and Big Mack properties for testing at IMI's facilities. IMI specializes in bio-based chemicals that replace traditional methods, promoting sustainability in lithium extraction. Jason Latkowcer, CEO of Pan American, emphasizes the commitment to optimizing lithium production processes, while IMI aims to diversify into critical minerals. This partnership reflects a strategic move towards supporting the growing electric and green markets.
Pan American Energy Corp. has announced a Special Meeting of shareholders on April 11, 2023, to vote on a proposed spin-out of its Green Energy Property in Utah. The Meeting Materials have been distributed, detailing the transaction with Legacy Lithium Corp., which aims to unlock the value of the Green Energy Property. Shareholders of record as of February 27, 2023, can vote, with the deadline for proxy returns on April 6, 2023. A 66.67% approval is required for the transaction to proceed. The board recommends voting in favor of the resolution, emphasizing the benefits of separating operations to focus on the advancement of their projects.
Pan American Energy Corp. (OTC PINK: PAANF) has initiated drilling at hole #3, HL022, located near a significant inferred lithium claystone resource deposit in the USA. On February 26, 2023, the company reported 539 feet of continuous potential lithium-bearing claystone at drill hole HL009. The ongoing drilling program is fully permitted and includes a total of 22 holes. CEO Jason Latkowcer expressed optimism about HL022's potential, particularly given its proximity to American Battery Technology Corp's substantial resource deposit of 15.8 million tons of lithium carbonate equivalent.
Pan American Energy Corp. (OTC PINK: PAANF) has announced the successful completion of drill hole #1 (HL010) and the commencement of drill hole #2 (HL090) in its lithium exploration program. The initial drill hole revealed 878 feet of continuously potential lithium-bearing claystone, with further observations made at 989 feet. CEO Jason Latkowcer remarked on the promising results, indicating potential for a meaningful lithium resource estimate. A total of 181 samples are set for expedited analysis at ALS Global in Reno, Nevada. The ongoing exploration aims to capitalize on the growing demand for battery metals.
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