Business
Powermax Announces Acquisition of 100% Interest in the Ogden Bear Lodge REE Project in Crook County, Wyoming
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - Powermax Minerals Inc. (CSE: PMAX) ("Powermax" or the "Company") is pleased to announce that it has agreed to acquire a 100% interest in the Ogden Bear Lodge REE Project in Crook County, Wyoming (the "Property") from 1357508 BC LTD. ("1357508") via the purchase from 1357508 of all of the shares of its formerly wholly-owned subsidiary, Goldenears Exploration Corp., pursuant to the terms of a share purchase agreement dated...
About this update from Powermax Minerals, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 29, 2025) - Powermax Minerals Inc. (CSE: PMAX) ("Powermax" or the "Company") is pleased to announce that it has agreed to acquire a 100% interest in the Ogden Bear Lodge REE Project in Crook County, Wyoming (the "Property") from 1357508 BC LTD. ("1357508") via the purchase from 1357508 of all of the shares of its formerly wholly-owned subsidiary, Goldenears Exploration Corp., pursuant to the terms of a share purchase agreement dated September 23, 2025 ("Purchase Agreement"). The consideration to be paid by the Company under the Purchase Agreement consists of 250,000 common shares of Powermax.","length":706,"tagName":"p"},{"type":"text","content":"The Property is comprised of 22 federal unpatented lode mining claims totalling 184 hectares. The Property is strategically located in the Bear Lodge Mining District, located in Crook County in northeast Wyoming, an active mining region since the discovery of gold in 1875 near Warren Peak. Exploration activity in the district has historically targeted gold, rare earth elements (REEs), barium, copper, lead, zinc, manganese, niobium, tantalum, thorium, fluorine, and phosphate1.","length":480,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":550,"height":425,"url":"https://media.zenfs.com/en/newsfile_64/865acf8e7f616095d4e68f37762a9284"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_tD37reHvPriSck7HZWqOw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc0MjtjZj13ZWJw/https://media.zenfs.com/en/newsfile_64/865acf8e7f616095d4e68f37762a9284","width":550,"height":425}},"href":"https://images.newsfilecorp.com/files/11633/268413_a4248751f4b529bb_001full.jpg","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Figure 1: Property Location Map of the Ogden Bear Lodge REE ProjectTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/11633/268413_a4248751f4b529bb_001full.jpg","length":207,"tagName":"p","attribs":{}},{"type":"text","content":"Most notably within the Bear Lodge Mining District is the Bear Lodge Critical Rare Earth Project owned by Rare Element Resources Ltd. (the "RER Bear Lodge Project"). Rare Element Resources Ltd. ha...