MiningNewsBreaks – Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) Expands Atikokan REE Project With Acquisition of Contiguous Claims

This article has been disseminated on behalf of Powermax Minerals Inc.  and may include paid advertising. 

Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) today announced that it has acquired a 100% interest, subject to a back-in right, in two additional mining claims contiguous to the northern boundary of its Atikokan rare earth element project in the Thunder Bay Mining District of northwestern Ontario. The newly acquired claims adjoin Blocks B and C and cover extensions of high-priority exploration targets identified through a 2025 high-resolution helicopter-borne magnetic and radiometric survey, including structurally controlled targets associated with favorable granitic and pegmatitic host rocks, magnetic lows and elevated thorium-to-potassium ratios interpreted as proxies for total rare earth element enrichment. The claims comprise 37 contiguous mining claim cells within the Wabigoon Subprovince of the Superior Province and are considered prospective for a phosphate-rich NYF-type REE mineral system. The acquisition was completed pursuant to a Jan. 30, 2026, property purchase agreement with arm’s-length vendors for consideration of $3,000, with provisions requiring the claims to be returned if Powermax is unable to satisfy the exercise conditions under its existing Atikokan option agreement by Aug. 31, 2028.

To view the full press release, visit https://ibn.fm/e8teN

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.

NOTE TO INVESTORS: The latest news and updates relating to PWMXF are available in the company’s newsroom at https://ibn.fm/PWMXF

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