Disseminated on behalf of Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising.
- The two additional claims extend high-priority exploration targets identified in a 2025 airborne geophysical survey.
- Integrated magnetic, radiometric and geochemical data suggest a phosphate-rich NYF-type REE mineral system.
- The acquisition cost was $3,000, subject to a back-in right if option conditions are not met by August 31, 2028.
- The Atikokan Project lies within the Wabigoon Subprovince of the Superior Province, a geologically prospective region.
- The move comes amid rising global demand for rare earth elements and Western efforts to diversify supply chains away from China.
Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF), a Canadian mineral exploration company, is expanding the footprint of its Atikokan Rare Earth Project in northwestern Ontario, adding two contiguous mining claims that management says capture extensions of high-priority exploration targets identified in recent geophysical work (https://ibn.fm/2cnc3).
The company announced on February 6, 2026, that it has acquired a 100% interest in the additional claims under a property purchase agreement dated January 30, 2026. The claims adjoin Blocks B and C along the northern boundary of the Atikokan Project in the…
NOTE TO INVESTORS: The latest news and updates relating to PWMXF are available in the company’s newsroom at https://ibn.fm/PWMXF
Exploration Target Cautionary Statement
The exploration targets discussed are conceptual, and there is currently not enough data to confirm a mineral resource. Further exploration may not yield successful results.
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