Disseminated on behalf of Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising.
- Powermax Minerals plans a comprehensive Phase 1 exploration program at the Pinard REE Project in northern Ontario.
- The program combines historical datasets with new fieldwork, including mapping, sampling and airborne geophysics.
- Phase 2 fieldwork at the Cameron REE Project in British Columbia has been completed, with laboratory results pending.
- Both projects target light and heavy rare earth elements at a time when global demand is projected to triple by 2035.
- North American policymakers are increasing support for REE supply chains amid China’s export controls and processing dominance.
Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF), a Canadian mineral exploration company, recently announced a planned detailed Phase 1 program for the newly optioned Pinard Project in northern Ontario, adding momentum to work already completed at the Cameron Project in British Columbia. Together, these initiatives reflect a growing strategic emphasis on rare earth elements (“REEs”) at a time when global demand is accelerating and supply risks are rising.
The Pinard Project covers 5,178 hectares across 255 contiguous claims in an area accessible by all-weather roads, roughly 70 kilometers northeast of Kapuskasing. According to the company, the property is underlain by the Pinard Intrusive Complex, an alkalic to peralkalic system comparable to other REE-associated intrusions across the southern Superior Province. Its geological characteristics place it within a regional trend that includes the Clay-Howells Alkaline Complex, located about 20 kilometers southwest and known to host niobium and rare earth mineralization (https://nnw.fm/wgrau).
Powermax’s planned Phase 1 program integrates historical data with a modernized exploration approach. The company plans a full compilation of existing geological, geophysical and geochemical records, which will be digitized into a GIS framework to refine target modeling. Fieldwork will include prospecting, geological mapping and multi-media sampling (rock, soil and stream sediment) to pinpoint potential mineralized zones. Radiometric scanning and a high-resolution helicopter-borne magnetic and gamma-ray survey will further delineate structural features and radiometric anomalies.
CEO Paul Gorman describes the approach as a systematic effort to “rapidly advance our technical understanding of the Project by combining historical datasets with modern exploration techniques.” He added that this systematic approach will allow the company to efficiently identify and prioritize high-quality targets for follow-up work.
The company’s progress at Pinard follows the recent completion of Phase 2 fieldwork at the Cameron REE Project in British Columbia, announced last month (https://nnw.fm/LkLsc). Cameron spans nearly 3,000 hectares within the Monashee Group, a metamorphic and granitic region known for REE-bearing pegmatites, carbonatite zones and altered gneisses. The property’s lithologies host both light and heavy rare earth minerals, including monazite, allanite and xenotime.
Powermax’s Phase 2 program included geological mapping and extensive sampling: 100 soil samples, 100 stream sediment samples and 29 rock samples have been submitted to Agat Laboratories in Calgary. The lab, accredited under ISO/IEC 17025:2017, will analyze the samples under its 201-380 REE metals package, with select samples undergoing additional gold and graphite testing.
Rock chip sampling focused on exposures of quartz-biotite gneiss, granitic outcrops and carbonatite lenses, units frequently hosting REE mineralization. Stream sediment sampling targeted fine-grained material capable of reflecting upstream sources, while soil sampling across B-horizon layers provides coverage across both suspected mineralized zones and baseline areas.
Once lab results are processed, the data will be integrated with prior geophysical and geological findings to update Cameron’s exploration model and refine future drill targets. Powermax says this dataset will help guide the next phase of technical work.
The timing of these programs reflects broader market dynamics. Global demand for rare earth elements is projected to rise from 59,000 tonnes in 2022 to 176,000 tonnes by 2035, driven by electric vehicles, wind turbines and other clean-energy technologies. Meanwhile, China continues to dominate the supply chain, controlling roughly 60% of mining and around 90% of processing. Recent export restrictions have heightened concerns about supply security.
North American governments have been expanding support for domestic REE projects, including more than US$1 billion directed through the U.S. Defense Production Act and related initiatives. Canadian companies remain eligible for these grants and funding programs targeting supply chain resilience.
Powermax’s portfolio aligns with these policy shifts. Beyond Pinard and Cameron, the company holds options on the Atikokan REE Property in Ontario and owns 100% of the Ogden Bear Lodge Project in Wyoming, an increasingly strategic jurisdiction given U.S. defense priorities. With these assets, along with a focus on systematic geoscience, staged exploration and jurisdictionally secure locations, Powermax is positioning itself within the broader effort to expand North American REE outputs at a time of growing investor interest.
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://nnw.fm/PWMXF
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: https://www.NetworkNewsWire.com/Disclaimer
NetworkNewsWire
Austin, Texas
www.NetworkNewsWire.com
512.354.7000 Office
[email protected]
NetworkNewsWire is powered by IBN
