Pan American Energy and University of Regina receive $610,000 grant for research project

Pan American Energy (CSE: PNRG; OTCQB: PAANF) along with Integral Metals and the University of Regina's Institute for Microbial Systems and Society (IMSS), have secured a $610,000 grant for their project "Geomicrobiology for Detecting Rare Metal Deposits." The funding comes from an Alliance Advantage grant from the Natural Sciences and Engineering Research Council of Canada and Mitacs accelerate program.

On June 21, 2024, Pan American announced the completion of the spring 2024 field prospecting and sampling program at the Big Mack lithium project in Ontario, 80 km north of Kenora. The program was led by Dr. Jared Suchan, a technical consultant, and Dr. Andrew Cameron from IMSS. Eight geosciences and biology students from the University of Regina collected field data, tested groundwater, and gathered soil, rock and vegetation samples.

Pan American aims to use this data and geomicrobiology techniques to improve exploratory drill targets at Big Mack. The grant will help cover research costs, including field sampling and sample testing.

“This non-dilutive funding significantly offsets the costs associated with our field exploration and laboratory testing for geomicrobiology, providing immense value to the company and its research partners,” said CEO of Pan American Jason Latkowcer. “By integrating geomicrobiology with our existing geochemical and geophysical data, we hope to enhance our understanding of the mineralization at Big Mack and refine our exploratory drill targets with the aim of extending the extent of known mineralization at the project.”

IMSS, founded in 2017 by Dr. Andrew Cameron and Dr. Christopher Yost, uses DNA sequencing technologies to study the genetic makeup and function of specific organisms and microbial communities.

Pan American Energy has an option agreement with Magabra Resources to acquire up to a 90% interest in the Big Mack lithium project.

For more information, visit www.Panam-Energy.com.