- Business
- Pan American Energy Corp. Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FSE: SS6), a junior mineral exploration company, focuses on the acquisition, exploration, and development of mineral properties prospective for critical minerals and rare earth elements, including cesium, tantalum, niobium, phosphorus, and lithium, in Canada and the United States. The company holds interests in the Big Mack Lithium Project located 80 km north of Kenora, Ontario, where it has earned a 75% stake through completion of Phase 2 earn-in obligations with Magabra Resources and retains an option for an additional 15% to reach 90% by issuing shares by August 2025; the Tharsis Project in the Northwest Territories, comprising seven mineral claims totaling 8,750 hectares under an option agreement to acquire 100% interest from Northern Critical Minerals Corp.; and previously the Horizon Property in Nevada, which it terminated in 2024 to prioritize higher-value assets. Headquartered in Canada, Pan American Energy Corp. targets North American supply chains for industrial and national security applications, operating in top mining jurisdictions amid global supply risks such as China's 2025 export restrictions on rare earth elements. Recent developments include the completion of a field program at the Tharsis Project, board and management changes in September 2024 with the appointment of Adrian Lamoureux as CEO following Jason Latkowcer's resignation, and a strategic refocus on the Big Mack Lithium Project in response to market conditions and development costs.