Powermax Announces Amendment to Warrant Term for Non Flow-Through Private PlacementNovember 24, 2025 8:30 PM EST | Source: Powermax Minerals Inc.Toronto, Ontario--(Newsfile Corp. - November 24, 2025) - Powermax Minerals Inc. (CSE: PMAX) (the "Company" or "Powermax") announces, further to its news release dated October 15th, 2025, that it has amended the exercise period of the warrants ("Warrants") which comprise the non flow-through units ("Units") it is offering ("Private Placement") at a pri ...

Core Insights - Powermax Minerals Inc. has successfully completed listings on multiple international stock exchanges, enhancing its global visibility and accessibility to investors [1][3] - The primary listing remains on the Canadian Securities Exchange (CSE) under the ticker symbol PMAX, with additional listings on the OTCQB Venture Market in the U.S. under PWMXF, and various German exchanges [2][8] - The company aims to build a diversified global shareholder base and increase awareness among retail and institutional investors in North America and Europe [4] Company Updates - Powermax has engaged RedChip Companies Inc. for a 14-day marketing campaign, which will include a 30-second TV advertisement airing 40 times on Fox Business and CNBC [5][6] - The marketing services agreement with RedChip involves a one-time fee of USD $85,000, with no securities issued as compensation [6] - Additionally, Powermax has contracted InvestorBrandNetwork for a 12-month term starting November 15, 2025, for a total consideration of USD $125,000, focusing on corporate communications and media distribution [9][10] Business Focus - Powermax Minerals Inc. is focused on advancing rare earth element projects, holding options to acquire the Cameron REE Property and the Atikokan REE Property, as well as owning the Ogden Bear Lodge Project [11]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - Powell Max Limited (PMAX) increased by 115% to $5.59 - Solidion Technology, Inc. (STI) rose by 102% to $11.14 - ESS Tech, Inc. (GWH) saw a 44% increase to $6.11 - Aclarion, Inc. (ACON) gained 27% reaching $10.98 - Mannatech, Incorporated (MTEX) was up 20% at $10.80 - USA Rare Earth, Inc. (USAR) increased by 19% to $38.80 - Critical Metals Corp. (CRML) rose by 18% to $17.73 - United States Antimony Corporation (UAMY) gained 13% to $13.86 - Compass Diversified (CODI) increased by 12% to $9.46 - Forward Industries, Inc. (FORD) was up 11% at $22.69 [3] Premarket Losers - Yunhong Green CTI Ltd. (YHGJ) decreased by 24% to $7.00 - Kentucky First Federal Bancorp (KFFB) fell by 22% to $2.85 - One and One Green Technologies, Inc. (YDDL) dropped 20% to $5.23 - Safe & Green Holdings Corp. (SGBX) declined by 15% to $5.25 - Lazydays Holdings, Inc. (GORV) was down 14% at $2.12 - Acurx Pharmaceuticals, Inc. (ACXP) decreased by 10% to $6.69 - Top KingWin Ltd (WAI) fell by 10% to $3.82 - Super League Enterprise, Inc. (SLE) dropped 10% to $3.75 - Chanson International Holding (CHSN) decreased by 10% to $2.28 - Alaunos Therapeutics, Inc. (TCRT) was down 5% at $3.28 [4]

Core Viewpoint - Powell Max Limited reported a significant increase in net loss for the six months ended June 30, 2025, primarily due to rising general and administrative expenses and selling and distribution expenses, despite a modest revenue growth of 5.3% compared to the same period in 2024 [5][9]. Financial Performance - Revenue increased by 5.3% from HK$22.7 million for the six months ended June 30, 2024, to HK$23.9 million (US$3.1 million) for the same period in 2025, driven by HK$1.5 million (US$0.2 million) revenue from Miracle Media following its acquisition [2]. - General and administrative expenses surged by 4.9 times from HK$6.0 million in 2024 to HK$29.4 million (US$3.8 million) in 2025, attributed to increased staffing and expenses related to the acquisition of Miracle Media, issuance expenses, and higher professional fees [3]. - Selling and distribution expenses rose by 10.0% from HK$3.0 million in 2024 to HK$3.3 million (US$0.4 million) in 2025, mainly due to an expanded sales team and increased business development and marketing costs [4]. - The net loss for the period ended June 30, 2025, was HK$20.4 million (US$2.6 million), a stark contrast to the net profit of HK$0.8 million in the same period of 2024 [5][9]. - Basic and diluted loss per share was HK$1.07 (US$0.14) for the six months ended June 30, 2025, compared to a basic and diluted earnings per share of HK$0.06 for the same period in 2024 [6]. Company Overview - Powell Max Limited is a financial communications services provider based in Hong Kong, offering a range of services that support capital market compliance and transaction needs for corporate clients [7]. - The company operates through its subsidiaries, JAN Financial Press Limited and Miracle Media, with its financial reporting conducted in Hong Kong dollars [8].

Revenue Performance - Total revenue for the year ended December 31, 2023, was HK$49,121,839, representing a 30.0% increase from HK$37,772,821 in 2022[349] - Total revenue for the year ended December 31, 2024, decreased to HK$36,461,260 (approximately US$4,693,958), representing a 25.8% decrease from 2023[350] - Revenue from corporate financial communications services accounted for 79.7% of total revenue in 2023, down from 90.9% in 2022, while IPO financial printing services increased to 20.3% in 2023 from 9.1% in 2022[347] - Revenue from IPO financial printing services increased by 1.9 times to HK$9,988,560 in 2023 from HK$3,447,012 in 2022[353] - Revenue from IPO financial printing services decreased by 59.1% to HK$4,087,416 (US$526,207) in 2024 compared to 2023[354] Cost and Expenses - Cost of sales increased from HK$22,217,680 in 2022 to HK$25,238,821 in 2023, representing a 13.6% increase, primarily due to higher printing and translation costs[356] - Cost of sales decreased to HK$22,081,030 (US$2,842,673) in 2024, a 12.5% decrease from 2023, aligning with the decrease in total revenue[357] - General and administrative expenses increased by 1.3 times from approximately HK$10,862,255 in 2023 to HK$24,854,036 (US$3,199,665) in 2024, attributed to issuance expenses and professional services fees[372] - Selling and distribution expenses increased by 55.6% from approximately HK$4,530,134 in 2023 to HK$7,049,538 (US$907,545) in 2024, due to increased staffing and marketing expenses[387] - Translation costs decreased by 16.2% from approximately HK$9,484,376 in 2023 to HK$7,946,906 (US$1,023,070) in 2024, aligning with the decrease in total revenue[361] - Printing costs increased by 10.1% from approximately HK$4,920,419 in 2022 to HK$5,414,965 in 2023, driven by the successful completion of an IPO project[362] Profitability - Profit from operations for the year ended December 31, 2023, was HK$7,629,957, compared to a profit of HK$591,873 in 2022[344] - The company recorded a loss from operations of HK$16,058,998 for the year ended December 31, 2024[344] - Gross profit increased by 53.5% from approximately HK$15,555,141 in 2022 to HK$23,883,018 in 2023, with gross profit margin rising from 41.2% to 48.6%[367] - Gross profit decreased by 39.8% from approximately HK$23,883,018 in 2023 to HK$14,380,230 (US$1,851,285) in 2024, with gross profit margin falling to 39.4%[368] - Net profit for the year ended December 31, 2023 amounted to HK$7,079,243, while a net loss of HK$18,074,094 (US$2,326,826) is expected for 2024[400] Cash Flow and Financing - Cash and bank balances increased significantly from approximately HK$3,660,213 in 2023 to HK$42,222,014 (US$5,435,588) in 2024[402] - Net cash generated from operating activities was HK$7,112,687 in 2023, but net cash used in operating activities is projected to be HK$11,411,411 (US$1,469,086) in 2024[404] - The company generated net cash from financing activities of HK$51,177,252 (US$6,588,469) in 2024, primarily from the issuance of ordinary shares and convertible promissory notes[413] Liabilities and Capital Expenditures - Current liabilities were HK$37,029,852 in 2023, compared to HK$40,140,041 (US$5,167,557) in 2024, indicating a slight increase[402] - Capital expenditures were HK$466,834, HK$287,307, and HK$1,490,361 (US$191,866) for the years ended December 31, 2022, 2023, and 2024, respectively[416] Legal and Compliance - The Company is not currently involved in any material legal proceedings, investigations, or claims, but may face legal matters in the ordinary course of business[415] - The Company has no off-balance sheet arrangements that would affect its liquidity, capital resources, market risk support, or credit risk support[417] Accounting and Estimates - Significant accounting estimates include the allowance for expected credit loss of trade receivables and the fair value of embedded derivative liability on convertible promissory notes[421] - The estimates for expected credit loss are based on historical loss rates and future conditions affecting collectability[421] - The fair value of embedded derivative liability is estimated using a Monte Carlo simulation model, with key inputs including share price volatility and prevailing market interest rates[421] - Management cannot guarantee that accounting estimates will always be consistent with actual results, as actual results may differ from estimates[420] - The Company prepares its consolidated financial statements in conformity with International Financial Reporting Standards[420] - The Company does not have any research and development, patents, or licenses applicable at this time[418] Trends and Uncertainties - There are no known trends or uncertainties likely to materially affect net revenues, income, profitability, liquidity, or capital resources for the period from January 1, 2024, to December 31, 2024[419]

Financial Performance - Revenue for the year ended December 31, 2024, decreased by 25.7% to HK$36.5 million (US$4.7 million) from HK$49.1 million in 2023, primarily due to declines in corporate financial communications and IPO financial printing services [2][8] - General and administrative expenses increased by 128% to HK$24.9 million (US$3.2 million) for the year ended December 31, 2024, compared to HK$10.9 million in 2023, driven by issuance expenses and higher professional services and employee benefits costs [3] - Selling and distribution expenses rose by 55.6% to HK$7.0 million (US$0.9 million) for the year ended December 31, 2024, from HK$4.5 million in 2023, attributed to an increase in sales team staff and business development expenses [4] - The net loss for the year ended December 31, 2024, was HK$18.1 million (US$2.3 million), a significant decline from a profit of HK$7.1 million in 2023 [5][8] - Basic and diluted loss per share was HK$1.37 (US$0.18) for the year ended December 31, 2024, compared to earnings per share of HK$0.56 in 2023 [5] Company Overview - Powell Max Limited is a financial communications services provider based in Hong Kong, offering a range of services including financial printing, corporate reporting, and language support for corporate clients [6] - The company serves both domestic and international companies listed in Hong Kong, as well as those seeking to list, along with their advisors [6] Financial Position - Total assets increased to HK$62.57 million (US$8.06 million) as of December 31, 2024, from HK$22.99 million in 2023 [11][12] - Current liabilities rose to HK$40.14 million (US$5.17 million) as of December 31, 2024, compared to HK$37.03 million in 2023 [12] - Total liabilities increased to HK$41.30 million (US$5.32 million) as of December 31, 2024, from HK$38.30 million in 2023 [12]

Core Points - Powell Max Limited has received a notification from Nasdaq regarding non-compliance with the $1.00 minimum bid price requirement for its Class A Ordinary Shares [1] - The company has 180 days until September 1, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days [2] - The notification does not have an immediate effect on the trading of the company's shares, which will continue to trade under the symbol "PMAX" [3] - The company may consider options such as a reverse stock split to regain compliance with the minimum bid price requirement [3] Company Overview - Powell Max Limited is a financial communications services provider based in Hong Kong, offering services that support capital market compliance and transaction needs for corporate clients [4] - The company's services include financial printing, corporate reporting, communications, and language support, catering to both domestic and international companies listed in Hong Kong [4]

Company Strategy - Powell Max Limited has commenced activities to pursue acquisitions as part of its strategy to build and grow its business operations in the financial communications industry [1][2] - The company is evaluating several financial communications service companies to enhance its market share in Hong Kong and Asia [1][2] Acquisition Targets - Powell Max intends to acquire companies generating between $1.5 million and $5 million in gross annual revenue [2] - The company plans to retain most management teams of the acquired companies and expand them with professionals specializing in corporate strategy and business development [2] Market Context - Financial communications service companies in Hong Kong provide essential services such as compliance filings, financial printing, and investor communications [3] - The Main Board of the Stock Exchange in Hong Kong has a total market capitalization of approximately $4,521 billion, with 2,632 listed companies, indicating strong local demand for financial communications services [3] Financial Support - Powell Max has secured a standby equity line of credit with a maximum amount of $40 million to support its acquisition pursuits and strategic partnerships [3] Acquisition Process - Powell Max has not entered into any written agreements with the targets currently being evaluated, and any acquisition is subject to due diligence and negotiation of definitive transaction agreements [4]

Core Viewpoint - Powell Max Limited has secured a $40 million standby equity line of credit with Yorkville Advisors, enhancing its financial flexibility and supporting strategic growth initiatives [1][2][3] Group 1: Financing Details - The equity line allows Powell Max to issue and sell up to $40 million of its Class A ordinary shares to Yorkville [1] - In connection with the equity line, Powell Max has issued a $1 million convertible promissory note to Yorkville, due in November 2025 [1] Group 2: Strategic Implications - The $40 million equity line will enable Powell Max to expand its portfolio of liquidity solutions and support strategic partnerships and investments in financial communications and ancillary sectors [2] - CEO Tsz Kin Wong expressed enthusiasm about the partnership with Yorkville, highlighting the importance of this funding source for the company's financial flexibility and strategic development [3]