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Powermax Minerals, Inc. ( (TSE:PMAX) ) just unveiled an announcement.
Powermax Minerals Inc. announced a non-brokered private placement to raise up to $2.25 million through the issuance of units and flow-through units. The funds will be used for general working capital and exploration expenses on their rare earth element properties in British Columbia and Ontario. The initiative reflects Powermax’s strategic focus on expanding its exploration activities and strengthening its financial position, potentially enhancing its market presence in the rare earth elements sector.
More about Powermax Minerals, Inc.
Powermax Minerals Inc. is a Canadian mineral exploration company focused on advancing rare earth element projects. The company holds options to acquire the Cameron REE Property in British Columbia and the Atikokan REE Property in Ontario, and owns a 100% interest in the Ogden Bear Lodge Project in Wyoming.
Average Trading Volume: 48,931
Technical Sentiment Signal: Strong Buy
For detailed information about PMAX stock, go to TipRanks’ Stock Analysis page.