CALGARY, Alberta, July 23, 2024 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE:PNRG, OTCQB:PAANF, FRA: SS60)) ("Pan American" or the "Company") is pleased to announce the collaborative research project entitled "Geomicrobiology for Detecting Rare Metal Deposits" has been awarded $610,000 by an Alliance Advantage Grant from the Natural Sciences and Engineering Research Council of Canada ("NSERC") combined with MITACS Accelerate funding. The research project is part of a collaboration between industry and academia, including Pan American, Integral Metals Corp., the Institute for Microbial Systems and Society ("IMSS") at the University of Regina ("U of R"). On June 21st, 2024, Pan American announced the completion of the Spring 2024 field prospecting and sampling program at the Big Mack Lithium Project ("Big Mack" or the "Project"), located 80 km north of the town of Kenora, Ontario. The program was led by Dr. Jared Suchan, P.Geo. (a technical consultant to the Company) and Dr. Andrew Cameron (IMSS/U of R). Eight students specializing in geosciences and biology from the U of R recorded field data across the Project area, documented site observations, tested ground water chemistry, and collected an array of samples including soil, rocks, and vegetation. Pan American intends to utilize the data collected and geomicrobiology to help generate, improve, and refine exploratory drill targets at the Big Mack. The grant funding helps to offset a significant amount of the costs to conduct the research, including costs associated with field sampling at, and assaying the samples from, the Project. "We are thrilled that our collaborative research project on geomicrobiology has received this substantial grant from NSERC and MITACS," said Jason Latkowcer, CEO of Pan American. "This none-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. 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 ...