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Pan American Energy Corp. is an exploration stage company focused on mineral properties containing battery metals in North America. The company has acquired interests in lithium projects in Canada and Nevada, USA. Pan American Energy Corp. is actively engaged in exploration activities to further assess the potential of its lithium projects, with a focus on the Big Mack Lithium Project in Canada and the Horizon Lithium Project in Nevada. The company's recent achievements include identifying new mineralized zones and confirming the potential for additional discoveries on its properties.
Pan American Energy Corp. (OTC PINK: PAANF) has announced the commencement of its Phase 1 exploration drilling program at the Horizon Lithium Project in Nevada, scheduled for February 11, 2023. The project spans 17,334 acres and is located near Tonopah. A core drilling rig has been mobilized, and the drilling will involve twenty-two core drill holes, managed by KB Drilling and overseen by RESPEC Consulting. CEO Jason Latkowcer expressed excitement about entering the lithium sector, buoyed by recent industry developments, including significant investments in lithium projects in Nevada.
Pan American Energy Corp. (OTC PINK: PAANF) has announced a spin-out plan for its Green Energy Lithium Property into a new entity named Legacy Lithium Corp.. On April 11, 2023, shareholders will vote on the arrangement, which proposes that for every five common shares of Pan American, shareholders will receive one share of Legacy. The record date for this distribution is anticipated to be April 17, 2023, with the closing date expected around April 19, 2023. This move aims to unlock shareholder value in the lithium property while allowing Pan American to focus on its other projects. There will be no change in individual holdings of Pan American shares.
Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) has received Bureau of Land Management approval for an amendment to increase its exploration drilling from 19 to 22 lithium prospecting core holes at the Horizon Lithium Project, located in Esmeralda County, Nevada. This expansion allows for enhanced opportunities to detect lithium mineralization early in the phase 1 program. The Horizon Lithium Project spans 17,334 acres and is adjacent to American Battery Technology’s project. CEO Jason Latkowcer emphasized the efficacy of Nevada's permitting system in supporting mining initiatives.
Pan American Energy Corp. (OTC: PAANF) has announced a fully funded drilling program costing C$1.5M at its Horizon Lithium Project, targeting eleven high-priority drill sites starting February 2023. Partnering with RESPEC Consulting Inc., the initiative aims to assess lithium concentration and mineralization depth across a 17,334-acre site. Currently permitted for 19 drill holes, the company seeks to expand this to 22 with an amendment to the Bureau of Land Management. This program may enhance the understanding of the lithium resource potential at Horizon, contributing to future commercialization efforts.
Pan American Energy Corp. (OTC PINK: PAANF) has announced its support for a project aimed at producing battery-grade lithium hydroxide from geothermal brines. Led by the University of Nevada, this project is a response to the Department of Energy's funding opportunity. The company plans to provide brine solutions from its Green Energy Lithium property to assist in developing efficient lithium extraction technologies. CEO Jason Latkowcer emphasizes the potential benefits of this collaboration for both the company and the lithium mining industry. The project aims to enhance sustainability in lithium production while potentially transforming the sector.
Pan American Energy Corp. (CSE: PNRG) (OTC PINK: PAANF) plans to spin out its Green Energy Lithium Project in Utah into a wholly-owned subsidiary. The move aims to unlock the project’s value and enhance focus on the Horizon and Big Mack Lithium Projects. Shareholders will receive shares of the new subsidiary on a pro rata basis. The spin-out is anticipated to proceed by March 15, 2023, pending required approvals. CEO Jason Latkowcer believes this reorganization will better reflect asset values and allow for more effective resource allocation.
Pan American Energy Corp. has received approval for its Phase 1 drill program at the Horizon Lithium Project in Esmeralda County, Nevada. The approval allows drilling of 19 lithium prospecting core holes on 17,334 acres managed by the BLM. CEO Jason Latkowcer highlighted the successful permit submission, positioning the company to advance its drilling program in Q1 2023. This announcement follows positive developments in the Tonopah region, particularly an increase in lithium resources at nearby projects.
Pan American Energy Corp. has submitted a Notice of Intent to the Bureau of Land Management for re-entry well exploration drilling at the Cane Creek Federal 11-1 site in Utah's Paradox Basin. This exploration plan covers a 4,160-acre area and aims to enhance understanding of subsurface geology. The project duration is estimated at three months for drilling and sampling, followed by seven months for land reclamation. The company anticipates improved insights into valuable mineral concentrations, including lithium, and plans to utilize direct lithium extraction technology.
Pan American Energy Corp. has engaged Ocean Wall Limited as a strategic advisor to enhance its capital markets presence and provide insights into the lithium market. This collaboration aims to boost investor awareness in regions including the UK, Europe, and the UAE. CEO Jason Latkowcer expressed confidence in Ocean Wall's ability to connect with investors regarding Pan American's North American lithium projects, notably the Green Energy Lithium Project in Utah. The strategic partnership aligns with government interests in developing domestic lithium assets, enhancing the company's growth potential.
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