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Max Resource Enters Debt and Option Agreements with Bolt Metals for Its Florália High-Purity Iron Property in Brazil
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - MAX RESOURCE CORP. (TSXV: MAX) ("Max" or the "Company") is pleased to announce that, further to t
About this update from Max Resource Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - MAX RESOURCE CORP. (TSXV: MAX) (\"Max\" or the \"Company\") is pleased to announce that, further to the letter of intent dated October 23, 2025, the Company has entered into a debt settlement agreement (the \"Debt Settlement\") with Bolt Metals Corp. (\"Bolt\") in connection with exploration costs incurred by Max relating to its Florália High Purity Iron Property (title no. 832.022/2018) (the \"Property\") by issuing to Max: (i) 4,000,000 Shares of Bolt (\"Shares\"); and (ii) 2,000,000 pre-funded warrants of Bolt under certain terms. In addition, Max Iron Brazil Ltd. (\"Max Iron\") an entity controlled by Max has entered into a definitive option agreement (the \"Option Agreement\") pursuant to Bolt acquiring 100% of the Property, by issuing to Max Iron an aggregate of 26,800,000 Bolt Shares under certain terms. Florália High Purity Iron Property Highlights The Property is located 67 km east of the capital city of Belo Horizonte, Minas Gerais, Brazil's largest iron ore and steel-producing state. Iron ore remains critical for global infrastructure and steel production. Ongoing urbanization in emerging markets continues to support high-grade iron assets, which offer reliable supply with a lower environmental footprint. Key project highlights include: Strategic Location and Logistics: Lies adjacent to established infrastructure, rail networks, and major local markets (including Vale, ArcelorMittal, and Avante) ensuring highly efficient logistics and market access. Strong Exploration Potential: The initial oxide exploration target is estimated at 50 to 70 Mt grading 55% to 61% Fe¹ Favorable Metallurgy: Low-cost crushing and dry magnetic processing Significantly De-Risked: Advanced by existing open-cut, historical drilling, airborne LiDAR/Magnetic survey and metallurgical test work. The project does not require a tailings dam or water permits, allowing for fast-tracked permitting, reduces capital expenditure and the overall environmental footprint. ¹The Company cautions investors that the potential quantity and grade of the Florália Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Minera...