Powermax Minerals Advances Rare Earth Strategy with New Ontario Program and British Columbia Progress

Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) has announced a planned comprehensive Phase 1 exploration program at its newly optioned Pinard rare earth element (REE) Project in northern Ontario while reporting completion of Phase 2 fieldwork at its Cameron REE Project in British Columbia. The company's dual-project strategy comes at a time when global demand for rare earth elements is projected to triple by 2035, with North American policymakers increasing support for domestic REE supply chains amid China's export controls and processing dominance.

The Pinard Project covers 5,178 hectares across 255 contiguous claims in an area accessible by all-weather roads approximately 70 kilometers northeast of Kapuskasing, Ontario. According to the company, the property is underlain by the Pinard Intrusive Complex, an alkalic to peralkalic system comparable to other known REE-bearing geological formations. The planned Phase 1 program will combine historical datasets with new fieldwork including mapping, sampling and airborne geophysics to systematically evaluate the property's REE potential.

Concurrently, Powermax has completed Phase 2 fieldwork at its Cameron REE Project in British Columbia, with laboratory results currently pending. Both projects target both light and heavy rare earth elements, which are essential components in numerous high-tech applications including electric vehicles, wind turbines, defense systems and consumer electronics. The company's strategic focus on these critical minerals aligns with broader efforts to develop North American REE supply chains that can reduce dependence on foreign sources.

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Powermax Minerals' exploration initiatives reflect a growing recognition within the mining sector that rare earth elements represent both a significant economic opportunity and a strategic necessity for North American technology and manufacturing industries. As global competition for these critical resources intensifies, companies developing domestic REE projects are positioning themselves to potentially benefit from both market forces and policy support aimed at securing reliable supply chains. The company's progress at both the Pinard and Cameron projects demonstrates a methodical approach to exploration that could contribute to North America's broader efforts to establish more resilient mineral supply networks.