Pan American Energy Corp. Announces Private Placement to Fund Exploration and Operations

Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FRA: SS60) has announced a non-brokered private placement financing, aiming to raise up to C$1,025,500 in gross proceeds. The company plans to issue up to 4,350,000 common shares at C$0.18 per share and up to 4,850,000 common share purchase warrants at C$0.05 per warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of C$0.18 for a period of 24 months from the date of issuance.

The net proceeds from the private placement will be used for exploration activities at the Company's Big Mack Property, general administrative expenditures, and general working capital purposes. The closing of the private placement is anticipated to occur on or about February 28, 2025, subject to the satisfaction of certain conditions, including the receipt of all necessary regulatory and other approvals.

The Common Shares issuable under the Common Share Private Placement will be offered for sale to purchasers resident in all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A.2 of National Instrument 45-106 – Prospectus Exemptions. Because the Common Share Private Placement is to be completed pursuant to this exemption, the Common Shares issued to subscribers in the Common Share Private Placement will not be subject to resale restrictions in accordance with applicable Canadian securities laws. The Warrants issued pursuant to the Warrant Private Placement (and, to the extent that any Warrants are exercised within four months and one day of the date of issuance, any common shares issued upon the exercise of such Warrants) will be subject to a hold period of four months and one day from the date of issuance pursuant to applicable Canadian securities laws.

An offering document dated February 4, 2025, related to the Common Share Private Placement is available under the Company's profile at www.sedarplus.ca and on the Company's website at www.panam-energy.com. Prospective investors in the Common Share Private Placement should read this offering document before making an investment decision.

Pan American Energy Corp. is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties containing battery metals in North America. The Company has executed an option agreement in Canada with Magabra Resources pursuant to which it has acquired a 75% interest in the Big Mack Lithium Project, 80 km north of Kenora, Ontario. The Company can earn an additional 15% interest in Big Mack, for a total of 90% interest.

The private placement financing is a strategic move by Pan American Energy Corp. to fund its exploration activities and operations. By raising capital through the issuance of common shares and warrants, the company aims to strengthen its financial position and accelerate its growth in the battery metals sector. The intended use of proceeds aligns with the company's strategic objectives, as it seeks to develop its lithium resources and maintain its operational efficiency.



In conclusion, Pan American Energy Corp.'s private placement financing is a positive development for the company, as it enables the company to fund its exploration activities and operations while also providing investors with an opportunity to participate in the company's growth. The strategic use of proceeds and the alignment with the company's objectives position Pan American Energy Corp. well for future success in the battery metals sector.