Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) Expands North American Rare Earth Footprint to Reduce Dependence on China
Disseminated on behalf of Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF)and may include paid advertising. Powermax Minerals is expanding its North American rare earth element exploration portfolio across Canada and the United States to address the significant dependence on China for processed rare earth materials supporting key defense and industrial applications. China controls roughly 60% of global rare earth mining and approximately 90% of downstream processing capacity. Growing Pentagon demand for drones, missile systems, and advanced electronics, continues to ratchet up demand for secure non-Chinese rare earth supply chains. Powermax recently moved to acquire the Hopkins Rare Earths Project in northern…