Max Resource Stock Price, News & Analysis

Max Resource Corp (MXROF) has reported high-grade assay results from its Florália Hematite DSO Project in Minas Gerais, Brazil. Out of 174 channel samples, 131 showed iron content ranging from 50% to 61% Fe, with a peak value of 64.7% Fe. Dry magnetic tests successfully increased Fe values by 4% to >6%.

The company has significantly expanded its geological target from 8-12mt at 58% Fe to 50-70mt at 55%-61% Fe. The project benefits from strategic infrastructure, including a 20km road connection to rail loading terminal and proximity to potential buyers Vale (20km northwest) and Arcelor Mittal (30km east).

Max Brazil, a subsidiary, has received In-Principle Advice from ASX regarding a planned listing. The company plans an IPO offering of 30-50 million shares at AUD $0.20 per share, aiming to raise AUD $6-10 million. Max will maintain controlling interest with 88 million ordinary shares and 12 million performance shares post-offering.

Max Resource Corp (TSXV: MAX) (OTC: MXROF) announced shareholders' approval for its subsidiary Max Iron Brazil 's IPO on the ASX, with 99.55% voting in favor. The company plans to offer 30-50 million shares at AUD$0.20 per share, targeting AUD$6-10 million in proceeds.

The Florália DSO Project in Brazil's Minas Gerais state has shown increased potential, with geological targets now estimated at 50-70mt at 55%-61% Fe, up from previous estimates. The 2025 exploration campaign includes channel sampling, diamond drilling, and environmental surveys.

Additionally, Max's Sierra Azul Project in Colombia has received a US$4.8 million exploration budget from Freeport McMoRan for 2025. Recent discoveries include the AM-13 target extension to 1,500m by 100m, showing significant copper-silver mineralization, and a new AM-15 Manto-style target discovery.

Max Resource Corp (MXROF) reports significant findings at its Sierra Azul Copper-Silver Project in Colombia. The company announced expansion of the AM-13 target to 1,500m by 100m, with notable composite channel samples showing 1.6% Copper & 6 g/t Silver over 55.0m.

A new discovery, AM-15, was identified approximately 1,000m northwest of AM-13, with five mineralized outcrops over a 300m by 100m area. The company secured a fully funded US$4.8 million exploration budget for 2025 from Freeport McMoRan, representing a 14% increase from 2024.

The exploration program includes three components: Drill Target Development, District Scale Exploration, and Basin Scale Analysis. The Sierra Azul Project spans 120km and comprises three districts: AM, Conejo, and URU, with 188 km² of mining concessions and 1,141 km² of mineral concession applications.

Max Resource Corp (TSXV: MAX) (OTC Pink: MXROF) has announced amendments to its common share purchase warrants. The company is modifying 14,825,000 warrants that were originally issued on March 28, 2022. The key changes include:

1. Extension of the expiry date by one year from March 28, 2025, to March 28, 2026
2. Reduction of the exercise price from $0.36 to $0.31

The amendment is pending approval from the TSX Venture Exchange. New warrant certificates will only be issued upon request from relevant warrant holders.

Max Resource Corp (TSXV: MAX, OTC: MXROF) has received conditional approval from the TSX Venture Exchange for a non-brokered private placement in its subsidiary, Max Iron Brazil The placement involves up to 30,000,000 ordinary shares at AUD $0.10 per share, aiming to raise up to AUD $3,000,000.

The proceeds will fund the advancement of the Florália DSO Hematite Project located 67-km east of Belo Horizonte, Minas Gerais, Brazil, and general working capital. No finder's fees are associated with the offering.

Max Brazil has initiated its inaugural drill programs at the Florália project, comprising approximately 1,500 metres of diamond drilling and 1,000 metres of mobile power auger drilling.

Max Resource Corp (TSXV: MAX) has provided an update on its Florália Hematite Iron Ore Project in Brazil. The company has established Max Iron Brazil to hold the Florália assets and plans to seek listing on the Australian Stock Exchange. High-resolution drone magnetics have identified a large anomalous zone of high-grade mineralization, expanding the target area to 1,500m by 1,000m. The company has significantly increased its geological target estimates to 50-70 million tonnes at 55-61% Fe for hematite and 130-170 million tonnes at 51-55% Fe for itabirite. The project is strategically located 70km east of Belo Horizonte, with iron ore buyers within 20km radius.

Max Resource Corp (TSXV: MAX) announces plans to spin out its Brazilian Florália Hematite Iron Ore Assets into a new Australian entity, Max Iron Brazil , with intentions to list on the ASX during Q1 2025. The Florália project, located in Minas Gerais, Brazil's largest iron ore producing State, has a geological target estimated at 8-12 million tons at 58% Fe. The project benefits from numerous iron ore buyers within 20-km radius, offering minimal transportation needs. The company's 2024 exploration program includes drone magnetic surveys, channel sampling, bulk sampling for metallurgical testing, and planned drilling activities.

Max Resource Corp (TSXV: MAX) (OTC Pink: MXROF) has closed the transaction to purchase a 100% interest in the Florália Hematite Iron Ore Project in Brazil. The project is located 70-km east of Belo Horizonte, Minas Gerais. Key points include:

1. The project has a geological target estimated at 8,052,041 to 12,184,160 tons at an average grade of 58% Fe (pre-dry screening).

2. Numerous iron ore buyers are within 20-km of Florália, providing a local ready market.

3. Max made initial cash payments of US$300,000 and will make additional payments totaling US$700,000 over the next year.

4. A 3.5% net smelter returns royalty was granted to the sellers.

5. The company has commenced its 2024 exploration program, including drone magnetic surveys, channel sampling, and planned drilling.

MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) has announced impressive assay results from its Sierra Azul Copper-Silver Project in Colombia. The newly discovered AM-13 target yielded significant findings, including:

- 1.8% Copper & 7.2 g/t Silver over 48.0m
- 3.4% Copper & 14.0 g/t Silver over 15.0m
- 3.5% Copper and 15.7 g/t Silver over 5.0m

The company has identified Manto-style mineralization similar to deposits in northern Chile. A 44.0m wide mineralized outcrop was discovered 1.2km northeast of the initial findings, suggesting significant size potential. Max is working with Freeport-McMoRan Exploration , which is earning in on the project. The company believes Sierra Azul could host one of the world's largest underexplored sedimentary and volcanic copper-silver systems.