Core Viewpoint - Powermax Minerals Inc. has acquired a 100% interest in two additional mining claims adjacent to its Atikokan rare earth element project, enhancing its exploration potential in the region [1][3]. Acquisition Details - The acquisition includes thirty-seven contiguous mining claim cells located in the Ignace–Atikokan area of northwestern Ontario, which are considered prospective for rare earth element mineralization [3]. - The transaction was executed through a property purchase agreement with arm's-length vendors for a total payment of $3,000, subject to a back-in right that allows the vendors to reclaim the claims if Powermax fails to meet certain conditions by August 31, 2028 [4]. Management Insights - CEO Paul Gorman highlighted that the acquisition was driven by positive results from a recent airborne geophysical survey, which identified high-priority exploration targets in the newly acquired area [5]. Geological Context - The Atikokan Project is situated within the Wabigoon Subprovince and is underlain by Archean metavolcanic and metasedimentary rocks, with significant geological features that are favorable for rare earth element mineralization [3][11]. - The integrated geophysical and geochemical data suggest the presence of a phosphate-rich NYF-type REE mineral system, indicating potential for significant rare earth element deposits [11]. Company Overview - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options on multiple properties, including the Cameron REE Property and the Pinard REE Property, in addition to the Atikokan REE Property [7].

New York, NY, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Spartan Capital Securities, LLC announced today that it served as sole placement agent in a 17,000,000 dollar private investment in public equity (PIPE) financing for Powell Max Limited (Nasdaq: PMAX). In connection with the financing, Powell Max Limited entered into a securities purchase agreement with certain accredited investors. Pursuant to the agreement, the investors agreed to subscribe for and purchase, and the Company agreed to issue and sell, units co ...

Group 1 - The top gainers among Chinese concept stocks include Kebo Technology with a rise of 53.63%, Anlin Financial Printing up by 40.56%, Yi Pharmaceutical increasing by 36.99%, Zhi Ding Technology rising by 35.93%, and Wok Medical up by 20.48% [1][1][1] - Kebo Technology's latest price is 1.2000, with a gain of 0.4189 and a trading volume of 6.6628 million [1][1][1] - Anlin Financial Printing's latest price is 2.530, with a gain of 0.730 and a trading volume of 48.0717 million [1][1][1] Group 2 - Yi Pharmaceutical's latest price is 5.000, with a gain of 1.350 and a trading volume of 2.5609 million [1][1][1] - Zhi Ding Technology's latest price is 0.3950, with a gain of 0.1044 and a trading volume of 0.2087 million [1][1][1] - Wok Medical's latest price is 2.530, with a gain of 0.430 and a trading volume of 1.6951 million [1][1][1]

Core Insights - Powermax Minerals Inc. has announced a Phase 1 exploration program for the Pinard Project, aimed at integrating historical data with new fieldwork to enhance target generation and prioritize areas for further exploration [1][12]. Project Overview - The Pinard REE Property is located in northern Ontario, Canada, approximately 70 km north-northeast of Kapuskasing, covering 5178 hectares through 255 contiguous mining claims, accessible via an all-weather road [2]. - The Pinard Intrusive Complex is characterized as an alkalic to peralkalic igneous body, sharing tectonomagmatic similarities with the nearby Clay-Howells Alkaline Complex, which hosts a known niobium-REE mineralized system [3]. Phase 1 Program Components - The Phase 1 program will include: - Desktop Data Compilation & GIS Modeling to refine exploration targets using advanced spatial analysis and radiometric interpretation techniques [4][7]. - Field Prospecting & Geological Mapping to identify and characterize pegmatite zones and mineralized structures [8]. - Multi-media Geochemical Sampling to vector toward areas of potential mineralization [9]. - Radiometric Surveys using handheld scintillometers to detect radiometric anomalies [10]. - An Airborne Geophysical Survey to identify structural trends and lithological boundaries [11]. Strategic Goals - The Phase 1 program is designed to rapidly advance the technical understanding of the Project by combining historical datasets with modern exploration techniques, allowing for efficient identification and prioritization of high-quality targets for follow-up work [12]. Company Background - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options for multiple properties, including the Cameron REE Property in British Columbia and the Atikokan REE Property in NW Ontario, in addition to the Pinard REE Property [14].

Core Viewpoint - Chinese concept stocks experienced significant gains, with notable increases in share prices for several companies, indicating a positive market sentiment towards these stocks [1] Group 1: Stock Performance - Kaixin Auto (KXIN) saw a remarkable increase of 33.87%, closing at 4.150, with a trading volume of 57.56 million [1] - Anlin Financial Printing (PMAX) rose by 25.55%, ending at 2.850, with a trading volume of 71.95 million [1] - Yunxuetang (YXT) increased by 14.00%, closing at 0.9730, with a trading volume of 0.0368 million [1] - Junfu Capital (GRAN) experienced a gain of 13.37%, closing at 2.290, with a trading volume of 0.0173 million [1] - Sixiang Unlimited (TO) rose by 12.73%, ending at 0.6200, with a trading volume of 0.0148 million [1]

Group 1 - The core point of the article highlights the significant stock price increases of several Chinese concept stocks, with notable gains in specific companies [1] Group 2 - BQ (波奇宠物) saw a price increase of 41.54%, closing at 2.760 with a trading volume of 90.9233 million [1] - TAOP (淘屏) experienced a rise of 32.71%, closing at 2.840 with a trading volume of 62.272 million [1] - PMAX (安林财经印刷) increased by 29.71%, closing at 2.270 with a trading volume of 28.241 million [1] - AIHS (森淼科技) rose by 18.49%, closing at 1.410 with a trading volume of 0.0964 million [1] - LOT (路特斯) had a gain of 17.19%, closing at 1.500 with a trading volume of 0.3482 million [1]

Core Points - Powermax Minerals Inc. has completed two non-brokered private placement offerings, raising a total of $3,000,000 in gross proceeds [1][2]. Group 1: Non-FT Private Placement - The Non-FT Private Placement consisted of 1,643,947 units priced at $0.76 each, generating gross proceeds of $1,249,400 [1]. - Each Non-FT Unit includes one common share and one share purchase warrant, with the warrant allowing the purchase of one share at $0.95 for 36 months [1]. Group 2: FT Private Placement - The FT Private Placement involved 1,945,000 flow-through units priced at $0.90 each, resulting in gross proceeds of $1,750,500 [2]. - Each FT Unit consists of one flow-through share and one non-flow-through share purchase warrant, with the warrant allowing the purchase of one share at $1.10 for 24 months [2][3]. Group 3: Use of Proceeds - Proceeds from the Non-FT Units will be used for general working capital and exploration work on mineral projects in British Columbia and Ontario [5]. - Proceeds from the FT Units are designated for Canadian exploration expenses qualifying as flow-through mining expenditures [5]. Group 4: Finder's Fees - The company paid $164,994 in finder's fees and issued 195,600 finder's warrants, each exercisable into one share at $0.95 for 36 months [4]. Group 5: Company Overview - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options for mineral claims in British Columbia and Ontario [8].

Core Points - Powermax Minerals Inc. has amended the exercise period of its warrants from 24 months to 36 months at an exercise price of $0.95 per share [1] - The private placement units are being offered at a price of $0.76 per unit, with all other terms remaining unchanged from the previous announcement [1] Company Overview - Powermax Minerals Inc. is a Canadian mineral exploration company focused on rare earth element projects [3] - The company holds an option to acquire the Cameron REE Property, which consists of three mineral claims totaling approximately 2,984 hectares in British Columbia [3] - Additionally, Powermax has an option to acquire the Atikokan REE Property, comprising 455 unpatented mining claims in Northwestern Ontario, and owns a 100% interest in the Ogden Bear Lodge Project located in Crook County, Wyoming [3]

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]