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Pan American Energy Corp. (PNRG.CN) has announced a significant mineral resource estimate for its Horizon Lithium Project in Nevada. The estimate reveals over 1.3 million tonnes of indicated and 8.8 million tonnes of inferred lithium carbonate equivalent resources, positioning the project as one of the largest lithium deposits in the US.
Horizon Lithium Project’s Resource Estimate
RESPEC completed the maiden resource estimate, adhering to the National Instrument 43-101 standards. The Horizon Lithium Project spans 17,334 acres within the Tonopah Lithium Belt and comprises 839 unpatented lode claims.
Strategic Property Option Agreement
Pan American secured exploration rights and a path to 100% ownership of the Horizon Project through a property option agreement with Horizon Lithium LLC. This agreement mandates specific cash payments and share issuances to the project owner.
The company’s strategic move enhances its position in the lithium market, a critical component in the renewable energy sector.
Company Website: https://panam-energy.com
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