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The latest announcement is out from Powermax Minerals, Inc. ( (TSE:PMAX) ).
Powermax Minerals Inc. has successfully closed two non-brokered private placement offerings, raising a total of approximately $2.98 million. The proceeds from these offerings will be used to fund exploration work on their REE properties in Canada and for general working capital purposes. This strategic financial move is expected to bolster Powermax’s exploration capabilities and strengthen its position in the mineral exploration industry.
More about Powermax Minerals, Inc.
Powermax Minerals Inc. is a Canadian mineral exploration company with options to acquire the Cameron and Atikokan rare-earth element (REE) properties located in British Columbia and Ontario, respectively.
Average Trading Volume: 24,976
Technical Sentiment Signal: Strong Buy
See more data about PMAX stock on TipRanks’ Stock Analysis page.