Disseminated on behalf of Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising.
- The company completed its first milestone payment and share issuance under the option agreement to acquire 100% of the Pinard Rare Earths Project in northern Ontario.
- The Pinard project covers 255 contiguous claims across 5,178 hectares within an alkaline intrusive complex comparable to nearby REE-bearing systems.
- A new geoscience interpretation at Atikokan Project identified multiple high-priority REE targets, including a structural–geochemical corridor with TREE values up to 1,947 ppm.
- Powermax continues to build a diversified REE portfolio across Ontario, British Columbia, and Wyoming, including its 100%-owned Ogden Bear Lodge Project bordering a U.S. DOE–funded REE district.
- Global demand for rare earth elements is projected to triple by 2035, underscoring the strategic significance of North American REE exploration amid policies supporting domestic supply chains.
Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF), a Canadian mineral exploration company, continued expanding its rare earth element (“REE”) exploration portfolio in November, completing its initial milestone payment and share issuance toward the acquisition of the Pinard Rare Earths Project in northern Ontario. The company confirmed the transaction in a November 13 update, marking progress on a multi-year option agreement that could ultimately give Powermax full ownership of the 5,178-hectare property (https://ibn.fm/0kvU7).
Under the option terms, Powermax issued 160,000 common shares and paid $18,000 to the property optionors. Future payments include additional shares and cash totaling $90,000 over three years. The agreement includes a 1.5% net smelter royalty, with a buyback option allowing Powermax to reduce…
NOTE TO INVESTORS: The latest news and updates relating to PWMXF are available in the company’s newsroom at https://ibn.fm/PWMXF
About MiningNewsWire
MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
310.299.1717 Office
Editor@MiningNewsWire.com
MiningNewsWire is powered by IBN
