Pan American Energy Sets 2026 Exploration Priorities for Tharsis and Big Mack, Appoints Market Maker

Pan American Energy ( (TSE:PNRG) ) just unveiled an update.

Pan American Energy provided a review of its 2025 exploration work and outlined its 2026 technical and exploration priorities across its Tharsis and Big Mack projects in Canada. At Tharsis, a carbonatite alkaline complex in the Northwest Territories prospective for rare earths and niobium, the company focused in 2025 on topographical, geophysical and bathymetric data collection to refine its geological understanding and guide target generation, and plans in 2026 to integrate these datasets into a consolidated model, with a potential winter drill program and follow-up mapping, sampling and geophysics to advance drill readiness. At the Big Mack Lithium Project in Ontario, prospective for LCT pegmatite mineralization, Pan American concentrated on interpreting recent drilling alongside prior data to refine geological controls and prioritize drill targets, and aims this year to update the geological model and further integrate datasets to support follow-up exploration planning. The company also appointed Independent Trading Group Inc. as a market maker for its shares on the Canadian Securities Exchange, a move intended to support liquidity and contribute to a fair and orderly market for its common stock, reinforcing its capital markets presence as it advances its exploration pipeline.

The most recent analyst rating on (TSE:PNRG) stock is a Hold with a C$0.78 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 held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn with declining equity). Technicals are supportive in the short term (price above key moving averages and positive MACD), but overbought signals reduce the technical score. Valuation remains constrained by negative earnings and no dividend support.

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 mineral exploration-stage company specializing in the acquisition, exploration and development of properties hosting battery and critical metals. Its key assets include the Big Mack Lithium Project in Ontario, Canada, where it holds a controlling interest through an option agreement, and other projects prospective for rare earth elements and related critical minerals, positioning the company within the energy transition and electrification supply chain.

Average Trading Volume: 67,085

Technical Sentiment Signal: Hold

Current Market Cap: C$24M

See more data about PNRG stock on TipRanks’ Stock Analysis page.