Powermax Minerals Inc. is pleased to announce the results of an integrated geoscientific interpretation completed on its Atikokan Rare Earth Element Property, located approximately 35 km northwest of Atikokan, Ontario. The study-conducted by Shahab Tavakoli, P.Geo., Geospatial Data Scientist and Geophysicist-integrates geological, geophysical, and geochemical datasets to delineate priority REE exploration targets across [...]
Powermax Minerals is pleased to announce that it has entered into an option agreement pursuant to which it may acquire a 100% interest in and to the Pinard Rare Earths project, subject to a 1.5% net smelter returns royalty. The mining claims and patents can be easily accessed by 4×4 pick-up truck using an all-weather access road. The Pinard Intrusive Rock Complex is an Alkaline igneous host with rocks ranging from [...]
Powermax Minerals is pleased to announce the commencement of its Phase 2 exploration program at the Cameron REE Project. Building on Encouraging Phase 1 Results: The Phase 2 program follows the results of Phase 1 exploration, which confirmed the presence of light and heavy rare earth element mineralization across the property. Highlights from Phase 1 included: Total REE values range from 17 ppm to 1,943 ppm. Heavy mineral [...]
Powermax Minerals is pleased to announce that it has commenced a high-resolution helicopter-borne magnetic and gamma-ray spectrometric survey over the Company's Atikokan REE Properties. Powermax has engaged Geo Data Solutions GDS of Laval, to conduct the survey. The program will cover approximately 1,388 line-km with 100 m traverse line spacing and 500-metre tie lines, utilizing an AS350 BA+ helicopter, a Geometrics [...]
Powermax Minerals is pleased to announce the commencement of its 2025 exploration program at the Atikokan Property. The Atikokan Property comprises three claim block covering a total of approximately 7,120 ha. The property is underlain by Archean granodiorite-granite, tonalite, diorite-monzodiorite, and gneissic complexes that are known to host pegmatites and rare-metal mineralization, including rare earth elements [...]
Powermax Minerals is pleased to announce that it intends to complete a non-brokered private placement of up to 1,315,789 units, at a price of $0.76 per Unit, and of up to 1,388,888 flow-through units, at a price of $0.90 per FT Unit, for aggregate gross proceeds of up to $2,250,000. Each Unit is to be comprised of one common share and one common share purchase warrant, with each Warrant exercisable into one common share [...]
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