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Powermax Minerals Advances Rare Earths Portfolio with New Pinard Milestone

Powermax Minerals completes milestone payment for Pinard REE project in Ontario & identifies high-grade targets at Atikokan. Expands North American rare earth portfolio amid surging demand.

This news matters because rare earth elements are fundamental to the global transition to clean energy and advanced technology, powering everything from electric vehicle motors and wind turbines to smartphones and military equipment. Currently, supply is heavily concentrated in China, creating geopolitical and economic vulnerabilities for North America and Europe. Powermax Minerals' expansion of its exploration portfolio in Ontario, British Columbia, and Wyoming directly addresses the strategic push to develop secure, domestic supply chains. Successful exploration and future production from projects like Pinard and Ogden Bear Lodge could reduce foreign dependency, bolster national security, and support the growing industries reliant on these critical materials. For investors, it represents an opportunity in a sector poised for significant growth driven by policy support and soaring demand.