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Pan American Energy Finalizes Bathymetric Model to Advance Winter Drilling Plans at Tharsis REE Project

Story Highlights
  • Pan American Energy completed detailed bathymetric modeling of Squalus Lake at its Tharsis rare earth elements project.
  • The new lake-floor model, integrated with geophysical data, sharpens basin geometry and supports safer, better-targeted winter drilling plans.
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Pan American Energy Finalizes Bathymetric Model to Advance Winter Drilling Plans at Tharsis REE Project

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The latest announcement is out from Pan American Energy ( (TSE:PNRG) ).

Pan American Energy has completed final bathymetric processing from its 2025 field program at the Tharsis Project’s Squalus Lake in Canada’s Northwest Territories, generating a detailed digital elevation model of the lake floor from roughly 17,500 depth measurements. By integrating this model with existing airborne magnetic data, the company has refined its understanding of basin geometry, including shallow shoals and deeper troughs, improving depth constraints for safe winter operations and enhancing drill targeting and near-term exploration planning at Tharsis.

More about Pan American Energy

Pan American Energy Corp. is a North American exploration-stage company focused on the acquisition, exploration and development of mineral properties containing battery and critical metals. It currently holds a 75% interest, with an option to increase to 90%, in the Big Mack Lithium Project in Ontario, and has an option to acquire up to 100% of the Tharsis rare earth elements (REE) Project in the Northwest Territories, which hosts the Squalus Lake Alkaline Complex, a carbonatite-bearing intrusion prospective for rare earth and high field strength elements.

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Current Market Cap: C$21.52M

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