Business Drilling commencement

Pan American Energy Begins Tharsis Drilling

Analysis based on 10 articles · First reported Feb 02, 2026 · Last updated Mar 16, 2026

Sentiment

Attention

Articles

Market Impact

Direct

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Market Impact

The commencement of drilling by Pan American Energy Corporation at the Tharsis Project is expected to positively impact the company's stock and the broader critical minerals market, particularly for rare earth elements, niobium, and yttrium. Success in this program could enhance North American supply chains for advanced technologies.

Mining Rare-earth elements

Event Summary

Pan American Energy Corporation has announced the commencement of its first diamond drilling program at the Tharsis Project in the Canada===Northwest Territories, Canada. This program marks a significant transition from surface exploration to testing the critical mineral potential at depth within the Squalus Lake Alkaline Complex. The complex is considered prospective for rare earth elements, niobium, and yttrium, which are vital for advanced technologies and secure North American supply chains. The winter 2026 program is expected to include approximately 1,500 metres of drilling, with results guiding future exploration stages. Adrian Lamoureux, CEO of Pan American Energy Corporation, highlighted this as an exciting milestone for the company.

Key Actions

100 Pan American Energy Corporation commenced diamond drilling program

80 Pan American Energy Corporation acquired right to earn interest in Tharsis Project Northern Critical Minerals Corporation

Entities Involved

stock

Pan American Energy Corporation

Pan American Energy Corporation has commenced its first diamond drilling program at the Tharsis Project, a significant milestone that transitions the company from surface exploration to testing critical mineral potential at depth. This could potentially unlock a high-priority rare earth element, niobium, and yttrium discovery, positively impacting its stock price and future prospects.

Importance 100 Sentiment 50

per

Adrian Lamoureux

Adrian Lamoureux, as CEO of Pan American Energy Corporation, is overseeing the commencement of the Tharsis Project's first drill hole, which he describes as an exciting milestone for the company.

Importance 70 Sentiment 40

cmdt

Rare-earth element

The Squalus Lake Alkaline Complex is prospective for rare earth elements, niobium, and yttrium, which are critical for advanced technologies and North American supply chains. The drilling aims to confirm the presence of these elements.

Importance 60 Sentiment 30

cmdt

Niobium

Niobium is one of the critical minerals that the Tharsis Project is prospective for, and the drilling program aims to evaluate its mineralization at depth.

Importance 60 Sentiment 30

cmdt

Yttrium

Yttrium is another critical mineral targeted by the drilling program at the Tharsis Project, important for advanced technologies.

Importance 60 Sentiment 30

loc

Canada===Northwest Territories

The Tharsis Project, where drilling has commenced, is located in the Canada===Northwest Territories, Canada, making it a site for potential mineral resource development within the region.

Importance 20 Sentiment 10

priv

Northern Critical Minerals Corporation

Pan American Energy Corporation entered into an option agreement with Northern Critical Minerals Corporation to acquire up to a 100% interest in the Tharsis REE Project.

Importance 10 Sentiment 20

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Relationships

Adrian Lamoureux related ↔ Pan American Energy Corporation

Pan American Energy Corporation related ↔ Northern Critical Minerals Corporation

Pan American Energy Corporation related ↔ Magabra Resources

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