Pan American Energy Corp. · CSE:PNRG

Pan American Energy — Investor Presentation (July 2025)

32 slides from Pan American Energy's investor presentation, July 2025

  1. Slide 1: Driving the Future of Domestic Rare Earth and Critical Minerals Supply Chains

    Driving the Future of Domestic Rare Earth and Critical Minerals Supply Chains CSE: PNRG | OTC: PAANF | FRA: SS60 2025 CORPORATE PRESENTATION

  2. Slide 2: Legal Disclaimer

    Legal Disclaimer This material includes “forward-looking” statements or information within the update these forward-looking statements or information to reflect changes in meaning of Canadian securities legislation and the United States Private Securities assumptions or circumstances other than as r

  3. Slide 3: Investment Highlights

    Investment Highlights Projects located in top mining jurisdictions o The Tharsis Project boasts an estimated +200 million tonnes of tonnage potential at the Squalus Lake Alkaline Complex The Tharsis Project The Big Mack o Tharsis targets critical minerals like rare Project earth elements, niobium, a

  4. Slide 4: Rare Earth Elements Market

    Rare Earth Elements Market Rare Earth Market Analysis Networking & Communications Data Processing CAGR 2024 2037 Industrial 8.5% US $11.78B US $34.02B Consumer Electronics Automotive Rare earth elements are essential to more than 200 products, Government including smartphones, electric vehicles, win

  5. Slide 5: China's Stranglehold on Rare Earths Sparks Global Diversification Push

    China’s Stranglehold on Rare Earths Sparks Global Diversification Push o China currently dominates global rare earth production, accounting In April 2025, China for over 69% of supply and processing nearly 90% of the world’s rare earth elements. imposed export restrictions on seven o According to th

  6. Slide 6: The Tharsis Project

    The Tharsis Project OVERVIEW

  7. Slide 7: Tharsis Project Overview

    Tharsis Project Overview o 8,750-hectare project primed for rapid advancement o Three highly elevated critical elements on project (REE, Nb, & P)* o Located in the Northwest Territories of Canada, 170 km northeast of the capital city of Yellowknife. o Situated 200 km from Canada’s only producing rar

  8. Slide 8: Regional Geology

    Regional Geology o The Slave Province is a Late Archean craton in the northwestern Canadian Shield, spanning across the Northwest Territories and Nunavut. o The geologic region is made up of a complex assemblage of several geologic terranes, including prevalent granitoid units and meta-sediments wit

  9. Slide 9: Tharsis Project Geology

    Tharsis Project Geology o The Squalus Lake Alkaline Complex (SLAC) is a Proterozoic intrusion dated to be ~2,180 million years old. o Carbonatite dykes are observed surrounding the shoreline of Squalus Lake. o The SLAC is situated along a prominent structural feature known as the Phoenix Fault. © 20

  10. Slide 10: Tharsis Deposit Model

    Tharsis Deposit Model o During erosion, carbonatite rocks are more susceptible to erosion than surrounding granitic rocks, creating a water-filled depression on the modern landscape. o Off-shooting carbonatite dikes can be found outcropping near the shoreline of the lake, presenting an opportunity t

  11. Slide 11: Tharsis - Carbonatite

    Tharsis - Carbonatite CARBONATITE CARBONATITE WITH WITH FENITE QUARTZ, HEMA Total Rare Earth Oxides Up to 2.78% NdPr: TREO Ratio Averages 24% Niobium Oxide FENITE REE ANGULAR Up to 1.93% ALTERATION BOULDERS © 2025 PAN AMERICAN ENERGY 11

  12. Slide 12: Rare Earth / Minerology

    Rare Earth / Minerology o Quantitative Mineralogy (QEMSCAN) analysis was performed on hand sample GC21- 013, a calc-silicate rock that was acquired from a narrow dyke in an angular boulder that assayed 2.78% TREO (24% NdPr: TREO). Aegirine 15% o The minerals hosting rare earth oxides accounted for 1

  13. Slide 13: Mineralization Distribution

    Mineralization Distribution 19,312 13,700 8,336 9,400 Average Concentration (ppm) 10000 6,200 10000 o Six field programs have been 5,000 performed in the area between 1,500 2001 and 2021. 1000 599 600 730 1000 o A total of 168 hand samples 200 249 244 around the Tharsis property. have 153 been colle

  14. Slide 14: Tharsis Magnetic Signature

    Tharsis Magnetic Signature 1962 2006 2022 o Magnetic surveys performed in 1962, 2006, and 2022 confirm the presence of a magnetic ring structure beneath Squalus Lake. o The magnetic ring is hypothesized to correspond with a magnetic ferro-carbonatite lithological unit. o Rare earth mineralization of

  15. Slide 15: Rare Earth / Grade

    Rare Earth / Grade Considering rare earth grades >0.5% TREO in the database (n = 18): o Total rare earth oxides TREO1 Average sample 1.09% TREO Best sample has 2.78% TREO o Neodymium + praseodymium: TREO Average: 2,429 ppm (24% NdPr: TREO) Best sample: 6,500 ppm (24% NdPr: TREO) o Critical rare eart

  16. Slide 16: Rare Earth / Tonnage Potential

    Rare Earth / Tonnage Potential There is an estimated >200Mt of tonnage potential at the SLAC*, based upon the following six assumptions: 1. Targets #1 and #2 are mineralized 2. Target #1’s footprint is 417,000 mẑ. 3. Target #2’s footprint is 407,500 mẑ. 4. Mineralization extends 200m below surface.

  17. Slide 17: Tharsis Exploration Plan

    Tharsis Exploration Plan o A 2,000-meter drilling program is proposed. o The program has been designed using three ice-based targets, each with multiple drill holes that could range from 100-400 meters in depth. o Pads 1 and 2 are designed to test the two intrusive cores for carbonatite and rare ear

  18. Slide 18: Future / Domestic Supply Chain

    Future / Domestic Supply Chain Pan American REE-Nb Tharsis Project Nechalacho Mixed REE Carbonate REE Deposit Production facility (Yellowknife, NWT) Hay River Hay River, NWT Pb-Zn Ship via Rail Pine Point Mine to SRC Saskatchewan Research Council (SRC) Processing Imported Plant (Saskatoon, SK) Vietn

  19. Slide 19: Future / Development Timeline

    Future / Development Timeline 2021 2022 Q1-2 2023 In Progress Subject to Financing Field Program Field Program Program Planning Field Program Drill Program COMPLETE COMPLETE COMPLETE • Staked original claims • Performed • Use magnetic survey • Construct camp for • Test the structure for • Confirmed

  20. Slide 20: The Big Mack Project

    The Big Mack Project OVERVIEW

  21. Slide 21: The Cesium Market

    The Cesium Market Cesium is classified as a critical mineral by the U.S. Department of Energy, highlighting concerns over supply chain risks and its essential role in various energy technologies. The global cesium market size is estimated to grow by USD 3.57 billion from 2024 to 2028, according to T

  22. Slide 22: Lithium Market Industry Drivers

    Lithium Market Industry Drivers Äȫī ȇŵċȇ' Ề ǎc šċỹ' èệī ' Ǯẩǎẅnj īŵ ẅ' L ẩệṻšẩ'Œ ŵnj ḻŵȫc ' Äȫï ï ẩť8 ' Ṑǎť' Lŵ ȇšèšẅnj ệī ť' L ī ệꞌ nj ḻ ' ȓŀ< ' Ȋ ǎḻ ŵ ẅẩǎŀ' 6 ǮȊ ŀ7 8 ' ÍJẩšťǎī ŀ' šċỹ' Ë < Ä< ' Ề ǎẅẩŵ ċǎ Œŵ njḻŵ ȫc ' Äȫï ï ẩť' ṻť' ? @ A @ The global shift toward sustainable Over 90% of global lithium p

  23. Slide 23: Big Mack Project Overview

    Big Mack Project Overview The Big Mack Project is emerging as a high- potential lithium-cesium-tantalum (LCT) system, delivering strong lithium results and uncovering a new cesium trend near the world’s only major cesium producer. o The Big Mack Project continues to deliver strong lithium results fr

  24. Slide 24: The Big Mack Project Location

    The Big Mack Project Location Located in the Paterson Lake Area, Ontario Canada o ~80 km north of Kenora, ON o ~4-hour drive from Tanco’s major cesium Mine o Accessible by all-weather highway and logging roads o ~50 km by road to Canadian National Railway (Redditt, ON) o Adjacent to existing SRLD, B

  25. Slide 25: Recent Drilling Program Intersects Cesium

    Recent Drilling Program Intersects Cesium o The Q4-2024 drill program intersected cesium- bearing intervals in three holes: • BM24-063: 0.12% Cs₂O across 1.00 m • BM24-066: 0.11% Cs₂O across 1.50 m • BM24-068: 0.12% Cs₂O across 0.50 m o These intervals occur at pegmatite-volcanic contacts with inten

  26. Slide 26: LCT System Zonation and Alteration

    LCT System Zonation and Alteration o Cesium mineralization is concentrated along the outer margins of pegmatites and in biotite-altered mafic host rocks. o This zonation aligns with well-established models of LCT pegmatite evolution, such as at the Tanco Mine (Manitoba) and Bikita (Zimbabwe), where

  27. Slide 27: The Big Mack Project Work Plan

    The Big Mack Project First Nations Engagement Work Plan o Property lies within the traditional land use area of the Wabaseemoong Independent First Nations of Whitedog, Ontario o Previous holders have had discussions with o Results from 2024 sampling program expected Wabaseemoong Independent Nations

  28. Slide 28: Big Mack, Eleven Zone, Sprinkler Zone, and 6059 Pegmatites

    Big Mack, Eleven Zone, Sprinkler Zone, and 6059 / Pegmatites o Big Mack Pegmatite is the largest petalite dike discovered on the property and with a surface exposed strike length of 180 metres and a maximum width of 36 metres, petalite bearing mineralization across the extent of the exposure – remai

  29. Slide 29: 2023-2024 Big Mack Project Winter Drilling Campaign

    2023-2024 Big Mack Project Winter Drilling Campaign Phase 1 and Phase 2 diamond drilling: 8322 metres over 60 drill holes o Big Mack Pegmatite assayed up to 1.49 % Li2O over 32.34 metres core length o Eleven Zone assayed up to 1.32 % Li2O over 22.20 metres core length o Exploration drilling intersec

  30. Slide 30: Management Team

    Management Team Adrian Lamoureux Sean Kingsley CỀ ẸČÉ EŐČⱯṈṊẸƠČ OÉÉẸⱯČꞭ & DẸꞭČⱯṊꞍ Ɬ DẸꞭČⱯṊꞍ Ɬ Mr. Lamoureux served as the CEO of Patriot Battery Metals A mining investor & entrepreneur with over 14 years’ (TSX: PMET), where he successfully led strategic initiatives in experience specializing in corp

  31. Slide 31: Advisory Board

    Advisory Board Brad Nichol Foster Wilson For over 25 years, Mr. Nichol has served as both senior executive and director of Mr. Wilson is a geologist with over 30 years of experience. Mr. Wilson numerous public and private enterprises across the finance and resource sectors has significant experience

  32. Slide 32: Contact

    PH. +1.587.885.5970 EM. info@panam-energy.com CSE: PNRG | OTC: PAANF | FRA: SS60 2025 CORPORATE PRESENTATION Driving the Future of Domestic Rare Earth and Critical Minerals Supply Chains

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