Powermax Announces Plans for Phase 1 Exploration Program for the Pinard Project

Powermax (OTCQB: PWMXF) announced a Phase 1 exploration program for the recently optioned Pinard REE Project in northern Ontario on December 5, 2025.

Rhea-AI Summary

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.

Argus Dec 5 session

+2.94% close to close Open Argus

Details

News Market Reaction – PWMXF

On Dec 5, the day this news came out, PWMXF closed 2.94% above the previous close.

Data tracked by StockTitan Argus for the Dec 5 session.

Key Figures

Pinard claims: 255 claims Pinard area: 5,178 ha Distance to Kapuskasing: 70 km +4 more

Pinard claims

255 claims

Pinard REE Property claim count in northern Ontario

Pinard area

5,178 ha

Total size of the Pinard REE Property

Distance to Kapuskasing

70 km

Pinard located ~70 km NNE of Kapuskasing

Initial cash payment

CAD $18,000

Paid on effective date of Pinard option agreement

Initial shares issued

160,000 shares

Common shares issued under Pinard option agreement

Total option consideration

320,000 shares & CAD $90,000

Aggregate consideration over three years for Pinard option

NSR buy-down

CAD $500,000

Cost to reduce NSR from 1.5% to 1.0% on Pinard project

Historical Context

5 past events · Latest: Dec 05

5 events

1. Dec 05

   Phase 1 plan

   24h Move

   +2.9%

   Announced systematic Phase 1 exploration at newly optioned Pinard REE project.

2. Nov 25

   Fieldwork completion

   24h Move

   +1.1%

   Completed Phase 2 field program at Cameron REE Project with samples submitted.

3. Nov 18

   Geophysical survey

   24h Move

   -1.7%

   Completed high-resolution airborne MAG/RAD survey at Atikokan REE Property.

4. Nov 13

   Option payments

   24h Move

   +4.8%

   Made initial option payments and shares to acquire Pinard REE project.

5. Nov 10

   Target definition

   24h Move

   -4.3%

   Identified high-priority REE targets at Atikokan based on integrated study.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

peralkalic, pegmatite, geochemical sampling, radiometric surveys, +3 more

7 terms

peralkalic medical

"The Pinard Intrusive Complex is an alkalic to peralkalic igneous body..."

Peralkalic describes igneous rocks or magmas that contain more alkali metals (sodium and potassium) than aluminum can balance, like a recipe with extra salt compared with another key ingredient. For investors, this matters because such rocks often concentrate unusual or valuable minerals (for example certain rare earths, zirconium or niobium), guiding exploration targets and affecting the type and cost of mineral processing if a deposit is developed.

pegmatite technical

"...to identify and characterize pegmatite zones, mineralized structures..."

A pegmatite is a type of coarse‑grained igneous rock that forms when the last, water‑rich portion of magma cools, often producing very large mineral crystals like a batch of cookie dough with oversized chocolate chips. It matters to investors because pegmatites frequently host concentrations of valuable and strategic minerals (for example lithium, tantalum, and rare earth elements), making them prime exploration targets and potential sources of high‑value mining projects that can affect commodity supply and company valuations.

geochemical sampling technical

"The Phase 1 program will include multi-media geochemical sampling, including:"

Collecting and analyzing small samples of soil, rock, water or sediment to detect chemical traces that reveal the presence, concentration and distribution of minerals or contaminants underground. For investors, it acts like following breadcrumbs: it helps geologists narrow where valuable ore or environmental issues might be, guiding decisions on which exploration projects to fund, how risky a site is, and how much further work or investment may be needed to prove commercial value.

radiometric surveys technical

"Radiometric SurveysHandheld scintillometer surveys will be conducted..."

Radiometric surveys measure natural radioactivity in rocks, soil, water or air using instruments that detect gamma rays, producing maps of where radioactive elements like uranium or thorium are concentrated. For investors, these surveys act like a metal detector for exploration projects: they focus where to drill, influence how much money a company will spend, and can materially affect a project’s value by indicating potential mineral resources or environmental issues that require cleanup.

scintillometer technical

"Handheld scintillometer surveys will be conducted across target areas..."

A scintillometer is an instrument that senses and quantifies tiny flashes of light created when radiation or energetic particles hit a detector, or it can track small variations in light over a distance to measure air turbulence. For investors, scintillometer measurements can reveal hidden risks or opportunities—such as evidence of radioactive contamination, mineral or resource indicators, or environmental conditions that affect operations and regulatory compliance—acting like a remote alarm or spotlight for issues that influence value and legal exposure.

gamma-ray spectrometric survey technical

"a high-resolution helicopter-borne magnetic and gamma-ray spectrometric survey..."

A gamma-ray spectrometric survey is a field measurement that detects and records natural gamma radiation coming from rocks and soil to map their composition and locate radioactive or element-rich zones. For investors, it’s a low-cost exploration tool that helps identify promising areas for minerals like uranium, potash or certain alteration zones before costly drilling—think of it as an aerial or ground “metal detector” that narrows where to dig next.

national instrument 43-101 regulatory

"a Qualified Person under National Instrument 43-101 - Standards of Disclosure..."

National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.

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Toronto, Ontario--(Newsfile Corp. - December 5, 2025) - Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FWB: T23) ("Powermax" or the "Company") is pleased to announce its plans for Phase 1 exploration program for its recently optioned Pinard Project (the "Project"). The Phase 1 program has been designed to integrate historical data with new fieldwork to advance target generation and prioritize areas for follow-up exploration.

The Pinard REE Property is located in northern Ontario, Canada, roughly 70 km north-northeast of the town of Kapuskasing, and is defined by 255 contiguous mining claims spanning a total of 5178 ha. The mining claims and patents can be easily accessed via all-weather access road.

The Pinard Intrusive Complex is an alkalic to peralkalic igneous body, comprising syenitic to granitic phases consistent with other alkaline plutonic systems in the southern Archean Superior Province. Alkaline complexes of this type commonly form in extensional tectonic environments, including rift zones or deep-seated fault structures. Although the Kapuskasing Structural Zone is dominated by exhumed high-grade Archean basement, several alkaline intrusions including Pinard occur within its broader influence. Regionally, the Pinard Complex shares tectonomagmatic similarities with the nearby Clay-Howells Alkaline Complex, located approximately 20 km to the southwest, which hosts a known niobium-REE mineralized system.

Figure 1: Pinard REE Property Location Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11633/277023_0b949132a4224b23_001full.jpg

The Proposed Phase 1 program at the Property will consist of the following components:

Desktop Data Compilation & GIS Modeling

Powermax plans to complete a comprehensive compilation and analysis of all available historical geological, geophysical, and geochemical datasets. These datasets would be integrated into a modern GIS-based exploration platform to refine exploration targets using advanced spatial analysis and radiometric interpretation techniques.

Field Prospecting & Geological Mapping

Systematic field prospecting and detailed geological mapping will be conducted across priority target areas to identify and characterize pegmatite zones, mineralized structures, lithological contacts, and alteration patterns.

Geochemical Sampling

The Phase 1 program will include multi-media geochemical sampling, including:

• Rock sampling of outcrops and mineralized occurrences
• Soil sampling across defined target grids
• Stream sediment sampling within key drainage catchments

Sampling results will be used to vector toward areas of potential mineralization and refine exploration targets.

Radiometric Surveys

Handheld scintillometer surveys will be conducted across target areas to detect radiometric anomalies and associated pathfinder elements in support of target delineation.

Airborne Geophysical Survey

Powermax is planning a high-resolution helicopter-borne magnetic and gamma-ray spectrometric survey over key portions of the Project area. The airborne survey is expected to assist in identifying structural trends, lithological boundaries, and radiometric anomalies associated with prospective mineralization.

"The Phase 1 program at Pinard is designed to rapidly advance our technical understanding of the Project by combining historical datasets with modern exploration techniques," said Paul Gorman, CEO of Powermax. "This systematic approach will allow us to efficiently identify and prioritize high-quality targets for follow-up work."

The Phase 1 exploration program is intended to integrate historical and newly acquired field data to generate and rank priority targets for subsequent advanced exploration programs, including trenching and potential drilling.

Qualified Person

The technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, P.Geo., who is a director of the Company and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

On Behalf of the Board of Directors

Paul Gorman, CEO & Director
Email: info@powermaxminerals.com
Website: www.powermaxminerals.com
Tel: (416) 768-6101

About Powermax Minerals Inc.

Powermax Minerals Inc. is a Canadian mineral exploration company focused on advancing rare earth element projects. The Company holds an option to acquire the Cameron REE Property, comprising three mineral claims totaling approximately 2,984 hectares in British Columbia. Powermax also optioned to acquire the Atikokan REE Property, consisting of 455 unpatented mining claims in NW Ontario. Powermax also optioned to acquire the 5178 hectare Pinard REE in Northern Ontario. Powermax also owns a 100% interest in the Ogden Bear Lodge Project, in Crook County, Wyoming.

Forward-Looking Statements

This news release may contain 'forward-looking statements' within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on current expectations and assumptions of management and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. Such statements include, but are not limited to, statements regarding potential mineralization, exploration plans, timing of activities, and future exploration results. Readers are cautioned not to place undue reliance on these forward-looking statements. Powermax Minerals Inc. disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Neither the Canadian Securities Exchange nor its Market Regulator (as defined in CSE policies) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277023

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What work does Powermax (PWMXF) plan for the Phase 1 Pinard exploration program announced December 5, 2025?

Powermax plans desktop GIS compilation, field prospecting and mapping, rock/soil/stream geochemical sampling, handheld radiometric surveys, and a helicopter-borne magnetic and gamma-ray survey.

Where is the Pinard REE Project that Powermax (PWMXF) optioned located?

The Pinard REE Property is in northern Ontario, roughly 70 km north-northeast of Kapuskasing, covering 5,178 hectares across 255 contiguous claims.

What is the exploration objective of Powermax's Phase 1 program at Pinard (PWMXF)?

The objective is to integrate historical and new data to generate, refine and rank priority targets for follow-up trenching and potential drilling.

Will Powermax (PWMXF) conduct airborne surveys during Phase 1 at Pinard and what will they target?

Yes; Powermax plans a high-resolution helicopter-borne magnetic and gamma-ray spectrometric survey to identify structural trends, lithological boundaries, and radiometric anomalies.

Who reviewed the technical information for Powermax's Pinard announcement (PWMXF)?

The technical information was reviewed and approved by Afzaal Pirzada, P.Geo., a director and a Qualified Person under NI 43-101.