Disseminated on behalf of Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising. 

• Powermax Minerals is advancing four rare earth exploration projects across Canada and the U.S. as governments seek to reduce reliance on foreign supply chains.
• The company has begun its 2026 field program at the Cameron REE Project in British Columbia, focusing on refining targets identified through earlier geochemical and radiometric work.
• Atikokan in Ontario has produced district-scale REE anomalies, while the Pinard project is entering a Phase 1 exploration program designed to generate and rank targets.
• The Ogden Bear Lodge project gives Powermax exposure to a U.S. rare earth district that has attracted federal support and financing interest.
• The Powermax portfolio provides investors with exposure to the exploration stage of a critical-minerals market facing projected demand growth and a supply chain heavily concentrated in China.

Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF), a Canadian mineral exploration company focused on rare earth projects, is continuing exploration across its North American rare earth element portfolio as demand for critical minerals becomes increasingly linked to energy security and efforts to diversify supply chains.

The company most recently commenced its 2026 exploration program at the Cameron Rare Earth Element Project near Revelstoke, British Columbia. The field program is a follow up on anomalous results from previous stream sediment, soil and rock sampling and refine targets for potential trenching and drilling.

The Cameron exploration program combines geological mapping, prospecting, selective rock sampling, infill soil sampling, additional stream sediment work and ground radiometric surveys. Powermax plans to integrate those datasets into a target-ranking model that can guide subsequent exploration. Previous work at Cameron identified elevated light rare earth oxide, heavy rare earth oxide and total rare earth oxide values. The property also contains mapped pegmatites and historical thorium-uranium occurrences. Powermax cautions that the project remains at an early exploration stage and that geochemical or radiometric anomalies do not establish the presence of economically recoverable mineralization.

The Cameron work is part of a broader strategy. Powermax is building exposure across four projects located in established mining regions, with the objective of reducing reliance on any single exploration target.

The company’s Atikokan REE Project in northwestern Ontario covers 9,416 hectares across three claim blocks. The property sits along the White Otter–Dashwa corridor, where Powermax has identified REE-enriched granitic and pegmatitic systems.

Airborne magnetic and gamma-ray surveys, geological mapping and geochemical sampling conducted in 2025 produced Total Rare Earth Element values ranging from 254 parts per million to 1,947 ppm across Blocks B and C. An integrated interpretation identified a structural and geochemical corridor that the company is now using for surface validation and target ranking.

The Pinard Rare Earths Project provides another Ontario opportunity. Located approximately 70 kilometers north-northeast of Kapuskasing, the property comprises 255 contiguous claims covering 5,178 hectares. Pinard is situated within the Pinard Intrusive Rock Complex, an alkaline to peralkaline igneous system containing syenitic and granitic phases. Such geological environments can be associated with REE mineralization.

Powermax has outlined a Phase 1 program combining historical information with geological mapping, geochemical sampling, radiometric surveys and airborne geophysics. The immediate objective is to identify and prioritize targets for follow-up work.

In the United States, the company holds a 100% interest in the Ogden Bear Lodge Project in Crook County, Wyoming. The 184-hectare property consists of 22 lode claims and is prospective for neodymium-praseodymium oxide mineralization. The project’s location is particularly relevant to investors watching the development of domestic U.S. rare earth supply. Ogden Bear Lodge shares a border with Rare Element Resources’ Bear Lodge Critical Rare Earth Project, which has received $24.2 million in support from the U.S. Department of Energy and a non-binding letter of interest from the Export-Import Bank of the United States for up to $553 million in debt financing.

The backdrop for Powermax’s exploration strategy is a rare earth market undergoing structural change. McKinsey estimates global REE demand could rise from about 59,000 tonnes in 2022 to 176,000 tonnes by 2035, driven in part by electric vehicles and wind power (https://ibn.fm/1hLaV). 

At the same time, the supply chain remains highly concentrated. China accounts for roughly 60% of global rare earth mining and about 90% of processing capacity, according to reporting by the BBC. That concentration has pushed governments in North America to support domestic exploration, processing and supply-chain development. The U.S. has been using federal programs to support critical-mineral projects, while Canada’s Critical Minerals Infrastructure Fund is intended to facilitate investment in infrastructure required by the sector. For Powermax, the policy environment creates a favorable backdrop. With rare earth demand expected to grow and governments seeking alternatives to concentrated overseas supply chains, Powermax is positioning its portfolio within a market where strategic importance is rising. 

For more information, visit the company’s website at www.PowermaxMinerals.com.

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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