Powermax Minerals Launches 2026 Exploration at Cameron REE Project

Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) has announced the start of its 2026 exploration program at the wholly owned Cameron Rare Earth Element (REE) project near Revelstoke, British Columbia. The three-week campaign will build on previous stream sediment, soil and rock geochemical results through detailed geological mapping, prospecting, rock, soil and stream sediment sampling and targeted ground radiometric surveys designed to refine and prioritize rare earth element exploration targets for future trenching and drilling.

The company said the program will integrate geological, geochemical and radiometric data to better define previously identified REE anomaly corridors, constrain potential bedrock source areas and improve understanding of pegmatite-hosted mineralization. Results will be used to rank exploration targets and guide future work, with management noting the project remains at an early stage and that geochemical or radiometric anomalies do not necessarily indicate the presence of economically recoverable mineralization.

Powermax Minerals is a Canadian mineral exploration company focused on advancing rare earth element projects. The Company holds an option to acquire the Cameron REE Property, comprising three mineral claims totaling approximately 2,984 hectares in British Columbia. Powermax also optioned to acquire the Atikokan REE Property, consisting of 455 unpatented mining claims in NW Ontario, and the 5178-hectare Pinard REE in Northern Ontario. Additionally, Powermax owns a 100% interest in the Ogden Bear Lodge Project in Crook County, Wyoming.

The Cameron REE project is situated in a region known for its potential for rare earth mineralization. The exploration program aims to identify high-priority targets that could warrant more intensive investigation, such as trenching and drilling. The company has not yet defined any mineral resources on the property, and the current work is part of an early-stage exploration effort.

Investors interested in following the progress of Powermax Minerals can access the latest news and updates relating to PWMXF in the company’s newsroom at https://nnw.fm/PWMXF. The full press release is available at https://nnw.fm/ECOOJ.

The announcement of the exploration program is significant as it demonstrates Powermax Minerals' commitment to advancing its rare earth element projects. With the growing demand for REEs in clean energy technologies and electronics, the successful identification of economically viable deposits could position the company to capitalize on market opportunities. However, as with all early-stage mineral exploration, there is no guarantee that the current work will lead to a discovery of commercial mineralization.