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Powermax (OTCQB: PWMXF) announced a Phase 1 exploration program for the recently optioned Pinard REE Project in northern Ontario on December 5, 2025. The 5,178 ha property lies ~70 km NNE of Kapuskasing and comprises 255 contiguous claims with all-weather road access.
The program will integrate historical datasets with new fieldwork and includes: desktop GIS compilation, prospecting and mapping, rock/soil/stream geochemical sampling, handheld radiometric surveys, and a helicopter-borne magnetic and gamma-ray survey to refine and prioritize targets for trenching and potential drilling.
Powermax Minerals (OTCQB: PWMXF / CSE: PMAX) completed its Phase 2 field program at the Cameron Rare Earth Element (REE) Project in Kamloops Mining Division, British Columbia on November 25, 2025. The program followed up Phase 1 and targeted Monashee Group lithologies (pegmatitic and gneissic units) known to host REE minerals including monazite, allanite, and xenotime.
Work included geological mapping, 29 rock samples, 100 soil samples, and 100 stream sediment samples submitted to Agat Laboratories (ISO/IEC 17025:2017) for REE analysis using the 201-380 metals package; select rock samples were assayed for gold and graphite. Results will refine the geochemical model and guide priority drill targeting.
Powermax Minerals (OTCQB: PWMXF) completed a high-resolution helicopter-borne magnetic and radiometric survey over the Atikokan REE Property on November 18, 2025. The program collected 1,409 line-km with 50 m line spacing and 500 m ties using an Astar 350BA+ at ~44 m terrain clearance.
Data were acquired, calibrated and processed to NRCan and IAEA standards; deliverables include digital databases, GeoTIFF maps and a 1:30,000 DTM (NAD83 UTM Zone 15N). Next steps: integrate results with historical mapping and sampling to define trenching and drill targets.
Powermax Minerals (OTCQB: PWMXF) completed initial Option Agreement milestone payments to acquire a 100% interest in the Pinard Rare Earths project, subject to a 1.5% NSR.
The company issued 160,000 common shares and paid CAD $18,000 on the effective date; total consideration under the option is 320,000 shares and CAD $90,000 over three years. Powermax can buy down the NSR to 1.0% for CAD $500,000. The Pinard property covers 5,178 ha in northern Ontario and is hosted in an alkaline intrusive complex.
Powermax Minerals (OTCQB: PWMXF) reported an integrated geoscientific desktop study on its Atikokan REE Property (9,416 ha) that delineated a NE–SW REE corridor along the White Otter Batholith–Dashwa Gneiss contact. OGS lake-sediment TREE values in Blocks B and C range from 254–1,947 ppm (mean ≈ 616 ppm), coincident with low gravity, subdued magnetics, and elevated Th/K and Th/U ratios. Block A shows TREE 339–1,111 ppm (mean ≈ 570 ppm) in low-gravity, low-magnetic corridors.
Powermax has started high-resolution airborne MAG/RAD surveys (≤100 m line spacing), detailed mapping and systematic surface sampling to prioritize drill-ready targets in Blocks B and C.
Powermax Minerals (OTCQB: PWMXF) entered an option agreement to acquire a 100% interest in the Pinard Rare Earths Project in northern Ontario, comprising 255 contiguous mining claims totaling 5,178 ha, subject to a 1.5% NSR (reducible to 1.0% for $500,000).
The Option requires cash and share payments totaling $90,000 and 320,000 common shares over three years, and Phase 1 exploration will include desktop GIS modeling, prospecting, rock/soil/stream sampling, radiometric surveys, and a helicopter-borne airborne geophysical survey. Closing is subject to CSE approval and customary conditions.
Powermax Minerals (OTCQB: PWMXF) has started a Phase 2 exploration program at the Cameron Rare Earth Element (REE) Project in the Kamloops Mining Division, British Columbia.
Phase 2 follows Phase 1 assays that confirmed REE mineralization across the property with TREE values from 17 ppm to 1,943 ppm and heavy mineral concentrate results up to 7,561 ppm. Work will include mapping, systematic rock sampling, stream sediment and soil surveys, and integration of geological, geochemical and geophysical data into GIS to refine drill targets. Fieldwork is underway and expected to take approximately 2–3 weeks, weather permitting.
Powermax Minerals (OTCQB: PWMXF) has begun a high-resolution helicopter-borne magnetic and gamma-ray spectrometric survey across its Atikokan REE Property (Blocks A, B, C) in northwestern Ontario on October 21, 2025. The program covers approximately 1,388 line-km with 100 m line spacing and will produce magnetic and radiometric products, element ratios, Geosoft-format grids, and a final technical report.
Survey data will be integrated with field mapping, geochemical sampling, and ground radiometrics as part of the Company’s 2025 Phase 1 exploration program to prioritize drill-ready REE targets for follow-up in 2026. The company also granted 200,000 stock options and 1,650,000 RSUs, both subject to shareholder approval.
Powermax Minerals (OTCQB: PWMXF) has started a 2025 exploration program at the Atikokan Property in Northwestern Ontario covering ~7,120 hectares. Phase 1 integrates desktop GIS modelling, prospecting, mapping, geochemical sampling and handheld radiometric surveys to test regional REE, uranium, thorium and niobium targets.
The program plans 100–150 rock, ~350 soil and 20–50 stream samples, with fieldwork lasting 4–6 weeks depending on terrain and weather; results will guide target prioritization and follow-up work in 2026.
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