Powermax Minerals Inc. press release

MiningNewsBreaks - Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) Receives Rare Earth Exploration Study for Hopkins Project

2026-06-11

CSE - Canadian National Stock Exchange · Rare Earth Elements · Yttrium · Scandium · Thorium · Uranium · Barium · Copper · Lead · Zinc · Manganese · Niobium · Tantalum · Phosphate · Gold · Canada · Technical Studies

MiningNewsBreaks – Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) Receives Rare Earth Exploration Study for Hopkins Project

2026-06-11 10:17:22 ET

This article has been disseminated on behalf of Powermax Minerals Inc. and may include paid advertising.

Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) announced the completion of a desktop study for its Hopkins Rare Earth Element Project in northeastern Ontario, which identified Block A as the highest-priority exploration area and outlined multiple target zones for future field programs. The study integrated geological, geophysical, geochemical and historical exploration datasets and highlighted Area A1 in Block A as the top-ranked target, where favourable structural, radiometric, gravity and geochemical indicators coincide and warrant detailed follow-up work.

Figure 1: Weight-of-Evidence REE prospectivity map for the Clay-Howells intrusion showing interpreted REE prospectivity levels for Blocks A and B, publicly available whole-rock TREO sample data, and positive extrema of the magnetic tilt derivative, interpreted to reflect possible magnetite- and iron-bearing lithological or structural features.

The study supports a structure- and margin-controlled rare earth exploration model within the Clay-Howells alkaline intrusive complex and recommends a phased exploration program that could include airborne geophysical surveys, geological mapping, prospecting, rock sampling, soil geochemistry and ground verification of priority targets. Powermax said the results provide a technically supported framework for advancing exploration across the 6,145-hectare Hopkins project, subject to funding, permitting and final program design.

To view the full press release, visit https://ibn.fm/I7blF

About Powermax Minerals Inc.

Powermax Minerals Inc. 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. Powermax also optioned to acquire the 5178-hectare Pinard REE in Northern Ontario. Powermax also owns a 100% interest in the Ogden Bear Lodge Project, in Crook County, Wyoming.

NOTE TO INVESTORS: The latest news and updates relating to PWMXF are available in the company’s newsroom at https://ibn.fm/PWMXF

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