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Pan American Energy ( (TSE:PNRG) ) has issued an announcement.
Pan American Energy has finalized key contractor agreements to support its upcoming winter drilling campaign at the Tharsis Project in Canada’s Northwest Territories, moving the rare earth-focused asset into its first phase of subsurface testing. Critical Discoveries will supply diamond drill equipment and crews, Heli-Fix will provide fixed-wing and helicopter logistics, and Discovery Mining Services will deliver camp and expediting support as the company transitions from surface exploration to drilling the principal intrusive center interpreted from geophysical data at the Squalus Lake Alkaline Complex, a step that could clarify the project’s rare earth and niobium potential and advance Pan American’s positioning in the critical metals space.
The most recent analyst rating on (TSE:PNRG) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Pan American Energy stock, see the TSE:PNRG Stock Forecast page.
Spark’s Take on TSE:PNRG Stock
According to Spark, TipRanks’ AI Analyst, TSE:PNRG is a Neutral.
The score is primarily held down by weak financial performance (no revenue, widening losses, and continued cash burn despite low debt) and limited valuation support (negative P/E, no dividend). Technicals provide some offset with a strong uptrend, but overbought signals increase near-term risk.
To see Spark’s full report on TSE:PNRG stock, click here.
More about Pan American Energy
Pan American Energy Corp. is a North America-focused exploration-stage company specializing in the acquisition, exploration and development of mineral properties containing battery and critical metals. Its portfolio includes a majority interest in the Big Mack Lithium Project in Ontario and an option to acquire up to 100% of the Tharsis rare earth elements project in the Northwest Territories, which centers on the Squalus Lake Alkaline Complex, a carbonatite-bearing intrusion prospective for rare earth and high-field strength elements.
YTD Price Performance: 38.46%
Average Trading Volume: 138,641
Technical Sentiment Signal: Hold
Current Market Cap: C$29.8M
For an in-depth examination of PNRG stock, go to TipRanks’ Overview page.