Pan American Energy Launches First Subsurface Drill Program at Critical Minerals Project in N.W.T.
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Pan American Energy (TSE:PNRG) has initiated its first subsurface drill program at the Tharsis Project in Canada’s Northwest Territories, focusing on rare earth, niobium, and yttrium targets. The winter 2026 campaign will involve approximately 1,500 meters of diamond drilling to explore a priority zone beneath Squalus Lake. This effort aims to confirm the scale of the intrusive system and could enhance the project's potential as a North American source of critical minerals. Currently, analysts rate PNRG stock as a Sell with a price target of C$0.87, citing weak financial performance and unprofitability.
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