Powermax Minerals Advances Rare Earth Portfolio with Pinard Milestone and Atikokan Expansion

Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) has advanced its rare earth element exploration portfolio through two significant developments in northern Ontario, completing its initial milestone payment for the Pinard Rare Earths Project while identifying multiple high-priority targets at its Atikokan Project. The company confirmed these developments in a November 13 update, marking progress on its strategy to build a diversified REE portfolio across North America as global demand for these critical minerals continues to accelerate.

The company completed its first milestone payment and share issuance under the option agreement to acquire 100% of the Pinard Rare Earths Project, issuing 160,000 common shares and paying $18,000 to property optionors. The Pinard project covers 255 contiguous claims across 5,178 hectares within an alkaline intrusive complex comparable to nearby REE-bearing systems. Future payments under the agreement include additional shares and cash totaling $90,000 over three years, with the agreement including a 1.5% net smelter royalty and a buyback option allowing Powermax to reduce this royalty. The company provided details of this transaction at https://ibn.fm/0kvU7.

Concurrently, a new geoscience interpretation at the Atikokan Project identified multiple high-priority REE targets, including a structural–geochemical corridor with total rare earth element values reaching 1,947 parts per million. This expanded targeting represents a significant advancement in understanding the property's potential and could accelerate exploration activities in the region.

These developments occur against a backdrop of projected tripling global demand for rare earth elements by 2035, underscoring the strategic significance of North American REE exploration. Government policies increasingly support domestic supply chains for critical minerals, creating favorable conditions for companies like Powermax that are establishing exploration assets in geopolitically stable jurisdictions. The company 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. Department of Energy-funded REE district.

The company maintains its newsroom at https://ibn.fm/PWMXF where investors can access the latest updates. The strategic positioning of Powermax's projects in established geological settings near known REE systems enhances their exploration potential while reducing geological risk. As the global transition to clean energy and advanced technologies accelerates demand for rare earth elements used in electric vehicles, wind turbines, and defense applications, companies developing North American resources stand to benefit from both market forces and policy support.

The completion of the Pinard milestone payment demonstrates Powermax's commitment to advancing its portfolio through structured acquisition agreements, while the new Atikokan targets highlight the ongoing value creation through technical work. These parallel developments suggest the company is executing a balanced strategy of both acquisition and exploration to build shareholder value in the rapidly evolving rare earth sector.