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 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.

The Pinard Intrusive Rock Complex is an Alkaline igneous host wi

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