Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) has reported new exploration progress at its Atikokan Rare Earth Element (“REE”) property in northwestern Ontario following the interpretation of a high-resolution helicopter-borne geophysical survey completed in late 2025. The results, announced Jan. 12, 2026, identified multiple high-priority REE exploration targets across the property’s three main blocks, providing a clearer technical framework for the company’s next phase of work.
The Atikokan property is one of several REE-focused assets held by Powermax, a mineral exploration company with projects in Ontario, British Columbia, and the United States. At Atikokan, the company optioned a large land package of 455 unpatented mining claims, and the latest survey was designed to improve target definition across this extensive area. The geophysical survey utilized high-resolution magnetic and radiometric data to delineate structures and lithological contacts favorable for REE 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. Powermax also owns a 100% interest in the Ogden Bear Lodge Project, in Crook County, Wyoming.
The identification of these high-priority targets is significant for Powermax as it seeks to advance its REE portfolio amid growing demand for rare earth elements used in clean energy technologies, electronics, and defense applications. The company plans to conduct follow-up field programs, including prospecting and geochemical sampling, to further evaluate the targets. With the geophysical survey now complete, Powermax is positioned to prioritize drill-ready targets for the upcoming exploration season.
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