Core Insights - Powermax Minerals Inc. has completed initial milestone payments related to the option agreement to acquire the Pinard Rare Earths project, including the issuance of 160,000 common shares and an initial cash payment of $18,000 to the property optionors [1][2]. Option Agreement Details - The option agreement allows the company to acquire a 100% interest in the Pinard Rare Earths project, subject to a 1.5% net smelter returns royalty (NSR) [1][2]. - The total payments to the optionors include: - Initial cash payment of $18,000 upon signing - 160,000 common shares within 7 business days of receiving approval from the Canadian Securities Exchange - Additional cash payments of $16,000, $24,000, and $32,000 on the 1st, 2nd, and 3rd anniversaries of the effective date, respectively - Total cash and share payments amount to 320,000 shares and $90,000 [2]. Project Location and Characteristics - The Pinard Rare Earths project is located in northern Ontario, Canada, approximately 70 km north-northeast of Kapuskasing, covering 5,178 hectares across 255 contiguous mining claims [3]. - The project area is accessible via an all-weather access road suitable for 4×4 vehicles [3]. Geological Context - The Pinard Intrusive Rock Complex is characterized by alkaline igneous rocks, including nepheline syenites and peralkaline granites, typical of the Kapuskasing Sup-Province Geology [4]. - The geological setting is associated with plate tectonic activities, which may enhance the potential for rare earth element deposits [4]. Company Overview - Powermax Minerals Inc. is focused on advancing rare earth element projects and holds options to acquire multiple properties, including the Cameron REE Property in British Columbia and the Atikokan REE Property in Ontario [7]. - The company also owns a 100% interest in the Ogden Bear Lodge Project located in Wyoming [7].

Kobrea Exploration Corp. is a mineral exploration and development company focused on the acquisition and exploration of base metal projects. Kobrea holds the right to earn a 100% interest in 7 projects totaling 733 km2 in southwestern Mendoza Province, Argentina. The properties are considered highly prospective for porphyry copper and porphyry copper-gold deposits. Numerous porphyry copper targets have been outlined to date exhibiting multi-kilometre hydrothermal alteration footprints, anomalous copper ± go ...