This article has been disseminated on behalf of Powermax Minerals Inc. and may include paid advertising.
Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) announced it has issued 160,000 common shares and made an $18,000 initial milestone payment to the property optionors as part of its Option Agreement to acquire a 100% interest in the Pinard Rare Earths project in northern Ontario, a 255-claim, 5178-ha property accessible by all-weather road. The agreement includes total consideration of 320,000 shares and $90,000 in cash over three years, along with a 1.5% NSR that Powermax may reduce to 1.0% through a $500,000 buyback; the project lies within the Pinard Intrusive Rock Complex, an alkaline igneous system typical of the Kapuskasing Sub-Province and comparable to nearby REE-bearing geology.
To view the full press release, visit https://ibn.fm/T9Gd6
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 owns a 100% interest in the Ogden Bear Lodge Project, in Crook County, Wyoming.
For more information on the company, please visit: https://powermaxminerals.com/
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