Hopkins Rare Earth Project Acquisition

planned

Powermax Minerals has secured an option to acquire the Hopkins project, a 5,900-hectare property in northern Ontario's Clay-Howells complex, known for its potential rare earth mineralization. The project involves a phased exploration program including data review, field observations, radiometric surveys, geological mapping, mechanized trenching, detailed geophysics, and diamond drilling if warranted. Financial commitments include C$25,000 in cash and at least C$450,000 in exploration over three years, with full ownership subject to a 2% net smelter royalty upon meeting conditions.