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Pan American Energy ( (TSE:PNRG) ) just unveiled an announcement.
Pan American Energy Corp. has announced a non-brokered private placement aiming to raise up to C$3 million through the issuance of units and flow-through units. The proceeds from this offering are intended to fund exploration expenses for existing projects and general working capital, with a portion specifically allocated to Canadian exploration expenses qualifying as flow-through mining expenditures. This strategic move is expected to bolster the company’s exploration capabilities and strengthen its position in the mineral exploration industry.
More about Pan American Energy
Pan American Energy Corp. is an exploration stage company primarily focused on the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America. The company has significant interests in the Big Mack Lithium Project in Ontario and the Tharsis REE Project in the Northwest Territories.
Average Trading Volume: 10,195
Technical Sentiment Signal: Sell
Current Market Cap: C$12.63M
See more data about PNRG stock on TipRanks’ Stock Analysis page.