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Pan American Energy
(PNRG)
Pan American Energy (PNRG) vs. iShares MSCI Canada ETF (EWC)
Pan American Energy Business Overview & Revenue Model
Pan American Energy Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -16.19M | -427.34K | 583.28K | -5.52M | -448.00K | -392.00K |
| Net Income | -16.25M | -16.06M | -5.52M | -7.25M | -457.00K | -394.00K |
Balance Sheet | ||||||
| Total Assets | 6.88M | 7.20M | 22.55M | 10.58M | 279.30K | 63.57K |
| Cash, Cash Equivalents and Short-Term Investments | 1.14M | 1.26M | 2.08M | 4.67M | 77.61K | 53.82K |
| Total Debt | 0.00 | 0.00 | 185.81K | 172.29K | 313.22K | 154.77K |
| Total Liabilities | 876.72K | 1.53M | 2.69M | 2.84M | 1.29M | 818.54K |
| Stockholders Equity | 6.00M | 5.67M | 19.86M | 7.75M | -1.01M | -754.97K |
Cash Flow | ||||||
| Free Cash Flow | -88.11K | -780.02K | -5.58M | -4.79M | -226.21K | -98.69K |
| Operating Cash Flow | -87.52K | -780.02K | -5.24M | -4.24M | -108.79K | -98.69K |
| Investing Cash Flow | -1.24M | -1.43M | -5.61M | -645.50K | -117.42K | 0.00 |
| Financing Cash Flow | 1.39M | 1.39M | 8.25M | 8.25M | 250.00K | 152.52K |
Pan American Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | C$13.13M | -6.67 | -96.31% | ― | ― | 47.85% | |
49 Neutral | C$8.59M | -6.12 | -60.95% | ― | ― | 31.94% | |
46 Neutral | C$25.93M | -20.35 | -126.48% | ― | ― | ― | |
46 Neutral | C$37.87M | -77.42 | -5.22% | ― | ― | -24.00% | |
29 Underperform | C$10.22M | -2.19 | -234.48% | ― | ― | 72.19% |
Pan American Energy Corporate Events
Pan American Energy has extended its engagement of Upswitch Media Corp. for an additional 60 days starting around January 12, 2026, to continue a marketing program aimed at raising the company’s profile among news and investment audiences. Upswitch will develop advertising content, manage and analyze campaigns across online and select print channels, and provide translation services, for a cash fee of CAD$300,000, with no equity compensation and no existing equity ownership in the company, underscoring a purely arm’s-length commercial relationship intended to broaden investor awareness of Pan American’s battery and critical metals projects.
The most recent analyst rating on (TSE:PNRG) stock is a Hold with a C$0.80 price target. To see the full list of analyst forecasts on Pan American Energy stock, see the TSE:PNRG Stock Forecast page.
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.
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.
Pan American Energy has successfully completed its 2025 preliminary field program at the Tharsis Project near Squalus Lake in the Northwest Territories. The program provided crucial geological, magnetic, and bathymetric data, which will guide upcoming drill planning. The data suggests the presence of a well-preserved carbonatite system with high rare earth potential, positioning Pan American favorably in the exploration of rare earth elements and niobium. This advancement is expected to support the company’s first drill campaign at Tharsis, aligning with its strategic focus on critical and battery metals.
Pan American Energy Corp. has successfully completed its 2025 preliminary field program at the Tharsis Project in the Northwest Territories. The program gathered essential geological, magnetic, and bathymetric data, which will guide upcoming drill planning. The findings suggest the Squalus Lake complex has significant rare earth potential, enhancing the company’s exploration efforts and positioning in the critical metals market.
Pan American Energy Corp. has successfully closed its non-brokered private placements, raising a total of C$3,000,000 through the issuance of charity flow-through units and non-flow-through units. The proceeds will be used for Canadian exploration expenses and general working capital. This strategic financial move is expected to bolster the company’s exploration projects and enhance its market positioning.