Financial Post EN

Pan American Energy Commences Drilling at the Tharsis Project

Initial drilling begins to unlock high priority RE-Nb-Y discovery potential at the Squalus Lake Alkaline Complex CALGARY, Alberta, March 16, 2026 (GLOBE NEWSWIRE) — Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS6) (“Pan American” or the “Company”) is pleased to announce that diamond drilling has commenced at the Company’s Tharsis Project […]

Mar 16, 2026 &03001616202631; 12:00 UTC financialpost.com Trending 3/5

Read original on financialpost.com ↗

↗

Positive for markets

Sentiment score: +65/100

Moderate impact Medium-term (weeks)

WHAT THIS MEANS

Pan American Energy has commenced diamond drilling at its Tharsis Project to explore rare earth elements (RE), niobium (Nb), and yttrium (Y) deposits at the Squalus Lake Alkaline Complex. This marks a significant operational milestone for the junior exploration company in unlocking high-priority mineral discovery potential.

AI CONFIDENCE

72% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

↑

PNRG

PNRGStock

Expected to rise

Positive operational catalyst with drilling commencement at high-priority rare earth and critical mineral project

↑

PAANF

PAANFStock

Expected to rise

OTC listing benefits from exploration progress and rare earth element discovery potential

↑

SS6

SS6Stock

Expected to rise

Frankfurt listing exposure to rare earth and critical minerals exploration upside

⇅

Gold Futures

GC=FCommodity

High volatility expected

Rare earth and alkaline complex exploration may indicate broader precious/critical metals interest

PRICE HISTORY

Loading chart...

⚡ SUGGESTED ACTION

Monitor drilling results and assay data releases closely; junior explorers with rare earth/critical mineral projects benefit from supply chain diversification trends. Consider accumulating on any weakness ahead of initial assay results, typically 6-12 weeks post-drilling commencement.

KEY SIGNALS

Drilling commencement at Tharsis ProjectHigh-priority rare earth element (RE-Nb-Y) discovery potentialSqualus Lake Alkaline Complex explorationOperational milestone for junior explorerCritical minerals exposure in strong demand environment

SECTORS INVOLVED

Mining & MetalsRare Earth ElementsCritical MineralsJunior Exploration

Analysis generated on Mar 16, 2026 at 12:08 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Financial Post. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Pan American Energy Commences Drilling at the Tharsis Project

RELATED INTELLIGENCE