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Powermax Minerals Announces Option to Acquire Pinard Rare Earths Project
Toronto, Ontario--(Newsfile Corp. - November 3, 2025) - Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) ("Powermax" or the "Company") is pleased to announce that it has entered into an option agreement ("Option Agreement") pursuant to which it may acquire a 100% ("Option Arrangement") interest in and to the Pinard Rare Earths project ("Project"), subject to a 1.5% net smelter returns royalty ("NSR"). The Project is located in northern Ontario, Canada, roughly 70 km north-northeast..
About this update from Powermax Minerals, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - November 3, 2025) - Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) ("Powermax" or the "Company") is pleased to announce that it has entered into an option agreement ("Option Agreement") pursuant to which it may acquire a 100% ("Option Arrangement") interest in and to the Pinard Rare Earths project ("Project"), subject to a 1.5% net smelter returns royalty ("NSR").","length":476,"tagName":"p"},{"type":"text","content":"The Project is located in northern Ontario, Canada, roughly 70 km north-northeast of the town of Kapuskasing, and is defined by 255 contiguous mining claims spanning a total of 5178 ha. The mining claims and patents can be easily accessed by 4×4 pick-up truck using an all-weather access road.","length":293,"tagName":"p"},{"type":"text","content":"The Pinard Intrusive Rock Complex is an Alkaline igneous host with rocks ranging from nepheline syenites and trachytes to peralkaline granites. These complexes usually occur in plate tectonic settings associated with rifts, faults, or hotspot magmatism (Sage, 1988). Early Precambrian aged formations like the Pinard Complex are typical of the Kapuskasing Sup-Province Geology and is similar to the Clay Howell Intrusive, which hosts a REE deposit 20 kilometres to the SW of the Pinard Property.","length":495,"tagName":"p"},{"type":"text","content":"Under the terms of the Option Agreement, the Company may acquire the Project, subject to the NSR, by making the following cash and share payments to the optionors ("Optionors"):","length":187,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"border-width:1px;border-style:solid;border-color:#000000;font-size:10px;","val":[{"type":"text","content":"Due Date ","length":8,"tagName":"p","attribs":{}}]},{"style":"border-width:1px;border-style:solid;border-color:#000000;width:16%;text-align:center;vertical-align:middle;font-size:10px;","val":[{"type":"text","content":"Common Share Payments ","length":21,"tagName":"p","attribs":{}}]},{"style":"border-width:1px;border-style:solid;border-color:#000000;width:16%;text-align:center;vertical-align:middle;font-size:10px;","val":[{"type":"text","content":"Cash Payment (CAD)","length":24,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-width:1p...