Pan American Energy

What Pan American Energy does

Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FSE: SS6) is a Canadian exploration-stage mining company focused on the acquisition, exploration, and development of mineral properties prospective for critical minerals and rare earth elements in North America. The company was incorporated in British Columbia on March 14, 2007 and is headquartered in Calgary, Alberta. Its portfolio comprises two exploration projects: the Tharsis Project in the Northwest Territories (option to acquire up to 100% interest), an 8,750-hectare land package covering the Squalus Lake Alkaline Complex and prospective for carbonatite-hosted REE, niobium, and phosphorus mineralization; and the Big Mack Lithium Project in Ontario (option to earn up to 90% interest), targeting lithium-cesium-tantalum (LCT) pegmatite mineralization approximately 80 km north of Kenora.

The company's exploration technology stack centers on conventional mineral-exploration methods — diamond drilling, UAV magnetic surveys, bathymetric surveying, and geological mapping — applied through proprietary targeting models including a carbonatite-hosted REE exploration model for intrusive-center identification and an LCT pegmatite zonation model patterned after the Tanco and Bikita deposits. Technical leadership is provided by CEO Adrian Lamoureux, former CEO of Patriot Battery Metals (TSX: PMET), and a geological team led by Dr. Jared Suchan (Ph.D., P.Geo.). The company completed its inaugural drill program at Tharsis in 2026, comprising 464.5 metres of diamond drilling across five boreholes, with samples submitted for assay analysis as of late May 2026.

Pan American Energy is pre-revenue and does not yet generate product or service revenue. The company funds its exploration activities through equity capital markets; the most recent disclosed raise was a C$3 million LIFE offering and concurrent non-brokered private placement closed in August 2025, with additional tranches completed in late 2025. Its implied end-customers are North American downstream participants in critical minerals supply chains serving electric vehicles, defense systems, wind turbines, and advanced electronics, although no commercial offtake agreements or customers exist at present. Distribution is through equity capital markets on the CSE, OTCQB, and Frankfurt Stock Exchange.

Name

Pan American Energy

Legal name

Pan American Energy Corp.

Website

https://panam-energy.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Pan American Energy Corp. (CSE: PNRG) is a Canadian exploration-stage mining company advancing two critical minerals projects: the Tharsis REE-Niobium project in the Northwest Territories and the Big Mack Lithium-Cesium-Tantalum project in Ontario, targeting North American supply chain demand.

Ownership category

akta.pro rank

Product category

Critical Minerals Exploration

NAICS

Metal Ore Mining (2122), Support Activities for Mining (2131)

SIC

Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

Keywords

• Critical minerals exploration
• Rare earth elements
• Lithium mining exploration
• Mineral property development
• Mining exploration services

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D

Distribution channels1 record

Marketing channels3 records

Core offering

Pan American Energy Corp. is an exploration-stage Canadian mineral resource company that acquires, explores, and develops land holdings prospective for critical minerals and rare earth elements, including rare earth elements (REE), niobium, phosphorus, lithium, cesium, and tantalum. The company currently operates two principal exploration projects—the Tharsis Project in the Northwest Territories and the Big Mack Lithium Project in Ontario—using diamond drilling, UAV magnetics, bathymetric surveying, and geological mapping to advance targets toward resource definition.

Product overview

Pan American Energy Corp. is an exploration-stage mining company focused on the acquisition, exploration, and development of mineral properties containing critical minerals and rare earth elements in North America. The company's portfolio consists of two exploration projects: the Tharsis Project targeting rare earth elements, niobium, and phosphorus in the Northwest Territories, and the Big Mack Project targeting lithium, cesium, and tantalum in Ontario. Both projects are at the exploration stage with no commercial production.

Differentiator

Problem solved

Functional benefit

Products and services

• Tharsis Project An 8,750-hectare early-stage exploration project in the Northwest Territories, Canada, targeting critical minerals including rare earth elements, niobium, and phosphorus. The project covers the Squalus Lake Alkaline Complex, a Proterozoic-age carbonatite-bearing intrusion, and is being advanced with magnetic surveys, bathymetric data, geological mapping, and diamond drilling.
• Big Mack Lithium Project An early-stage lithium-cesium-tantalum (LCT) pegmatite exploration project located 80 km north of Kenora, Ontario. The project delivers strong lithium results from petalite-bearing pegmatites and includes an emerging cesium trend near the world's only major cesium producer. Pan American has optioned up to a 90% interest in the project.

Quantifiable outcome

• Big Mack Pegmatite: up to 1.49% Li2O over 32.34 metres core length
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Northern Critical Minerals Corp.coreStrategic or Co-development Partner · 16 June 2025Option agreement to acquire up to 100% interest in the Tharsis REE Project in Northwest Territories. The Tharsis Project hosts the Squalus Lake Alkaline Complex, a Proterozoic-age carbonatite-bearing intrusion prospective for rare earth and high field strength elements.
• Magabra ResourcescoreStrategic or Co-development PartnerOption agreement under which Pan American has acquired a 75% interest in the Big Mack Lithium Project 80 km north of Kenora, Ontario, with the right to earn an additional 15% for a total 90% interest.
• Critical DiscoveriesminorOthersEngaged to provide drill equipment and crew for the planned diamond drill program at Tharsis Project.
• Heli-FixminorOthersEngaged to provide fixed-wing aircraft and helicopter support for mobilization and field logistics at Tharsis Project.
• Discovery Mining ServicesminorOthersEngaged to provide camp services and expediting support for Tharsis Project field operations.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Avalon Advanced Materials: Canadian-listed developer of critical minerals including rare earths and lithium. Directly comparable to Pan American as a North American-focused junior advancing multiple critical mineral projects toward production, with similar reliance on equity financing and strategic partnerships.
• Mkango Resources: UK/Canadian-listed rare earth exploration and development company focused on the Songwe Hill project in Malawi and downstream processing. Comparable to Pan American as a publicly listed junior advancing carbonatite-associated REE resources with strategic partner backing.
• Canada Rare Earth Corp: Canadian-focused rare earth processing and trading company with vertically integrated sourcing strategy. Comparable to Pan American as a Canadian-listed entity pursuing domestic critical mineral supply chain development, though with more downstream focus.
• Vital Metals: Junior rare earth developer with operations in Canada (Nechalacho project in NWT) and downstream processing capabilities. Closely comparable to Pan American given the shared Canadian NWT operating geography and rare earth development focus.
• Stuhini Exploration: Canadian-listed mineral exploration company focused on base and precious metals with critical minerals exposure. Comparable as a small-cap Canadian explorer with similar team linkages (Pan American director Sean Kingsley is a strategic advisor to Stuhini) and capital markets profile.
• Frontier Lithium: Canadian junior developing the PAK Lithium Project in Ontario with integrated lithium chemicals strategy. Directly comparable as an Ontario-based critical minerals explorer with similar geological setting and pre-revenue development profile.
• Patriot Battery Metals: Canadian-listed critical minerals (lithium) explorer previously led by Pan American's current CEO Adrian Lamoureux. Comparable as a Canadian junior focused on battery/critical minerals with similar geological targeting, exploration-stage profile, and capital markets strategy.
• Search Minerals: Canadian junior rare earth developer focused on the Critical Rare Earth Element District in Labrador. Highly comparable as a North America-focused REE exploration company pursuing domestic supply chain objectives with similar small-cap market profile.

Emerging players

• Talon Metals: Canadian-listed nickel-copper-PGE explorer with U.S. critical minerals positioning via the Tamarack project. Comparable as a North American critical minerals junior pursuing strategic off-take agreements and government-aligned supply chain narratives.

Broad incumbents

• USA Rare Earth: U.S.-focused rare earth mining and magnet manufacturing platform with the Round Top project in Texas. Comparable to Pan American as a non-Chinese REE supply chain developer, though more advanced in project development and downstream integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/PanAmEnergy
• Facebookfacebook.com/PanAmEnergyCorp
• LinkedInlinkedin.com/company/pan-american-energy-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pan American Energy