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Pan American Energy ( (TSE:PNRG) ) has provided an update.
Pan American Energy Corp. has signed an option agreement with Northern Critical Minerals Corp. to potentially acquire a 100% interest in the Tharsis Project, located in the Northwest Territories, Canada. The project, which spans 8,750 hectares, is known for its potential rare earth elements and high field strength element mineralization. The agreement outlines a four-stage process involving cash payments, share issuance, and exploration funding over four years. This strategic move is expected to enhance Pan American’s position in the critical metals market, with the Tharsis Project representing a high-priority target for future exploration due to its promising geological features.
More about Pan American Energy
Pan American Energy Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties containing battery and critical metals in North America. The company has a significant interest in the Big Mack Lithium Project in Ontario and is pursuing a full interest in the Tharsis REE Project in the Northwest Territories.
YTD Price Performance: 100%
Average Trading Volume: 9,961
Technical Sentiment Signal: Sell
Current Market Cap: C$4.37M
See more insights into PNRG stock on TipRanks’ Stock Analysis page.