Makenita Resources Acquires Major Saskatchewan Iron-Magnetite Project

Makenita Resources Inc. has announced the acquisition of the 23,517-acre Serpentinization Iron-Magnetite Project in Saskatchewan, Canada. The project is made up of contiguous mineral claims and directly borders Max Power Corp.’s land package in the province.

The company said the newly acquired project is considered prospective for iron and magnetite, with additional interest linked to the potential role of magnetite-rich iron formations in naturally occurring hydrogen systems. The land was acquired through staking, according to the company’s announcement.

Strategic Location Beside Max Power Corp.

The Saskatchewan project is important because of its location. Makenita stated that the property directly borders Max Power Corp., giving the company exposure to an area already attracting attention for iron, magnetite, and possible natural hydrogen potential.

This positioning may help Makenita strengthen its exploration footprint in Canada at a time when investors and resource companies are watching critical minerals, clean energy metals, and emerging natural hydrogen opportunities more closely.

Project Size and Geological Potential

The Serpentinization Iron-Magnetite Project covers approximately 23,517 contiguous acres. A large, connected land package can be useful in early-stage exploration because it allows a company to review broader geological trends rather than isolated claim blocks.

Makenita described the project as prospective for iron and magnetite. Magnetite is an iron oxide mineral that can be important in iron formations. In certain geological settings, magnetite-rich formations may also be studied for their possible relationship with natural hydrogen generation.

Management Outlook

Jason Gigliotti, President, CEO, and Director of Makenita Resources, said the project gives the company a large footprint in a known prospective area. He also noted that Makenita has a relatively small share structure, which management believes could make exploration success meaningful for the company.

The company expects an active remainder of the year across multiple projects. This includes its Saskatchewan iron-magnetite project, its Sisson West Tungsten Project in New Brunswick, its NTX Rare Earth Project in Quebec, and its Hector Property in Ontario.

Makenita’s Broader Canadian Portfolio

Makenita currently holds several exploration-stage projects across Canada. Its Sisson West Tungsten Project in New Brunswick covers about 9,845 acres and borders Northcliff Resources’ Sisson Tungsten Mine area. The company also holds the approximately 9,000-acre NTX Rare Earth Project in Quebec and the 5,542-acre Hector Property near Cobalt, Ontario, which is prospective for cobalt, silver, and diamonds.

With the addition of the Saskatchewan Serpentinization Iron-Magnetite Project, Makenita has added another exploration target tied to minerals and geological systems that may be relevant to future energy and industrial demand.

Technical Review and Cautionary Notes

The technical content of the company’s release was reviewed and approved by Frank Bain, P.Geo., a director of Makenita and a qualified person under National Instrument 43-101. Makenita also cautioned that results or discoveries on nearby properties do not guarantee similar mineralization on its own claims.

The company also included standard forward-looking statement warnings, noting that future exploration results, project development, and market conditions may differ from current expectations.

Why This Acquisition Matters

This acquisition gives Makenita a new large-scale exploration asset in Saskatchewan and expands its exposure to iron, magnetite, and possible natural hydrogen-related geology. While the project remains early stage, its size, location, and geological focus make it a notable addition to the company’s Canadian mineral exploration portfolio.

For investors following junior mining and critical mineral exploration, the announcement highlights Makenita’s continued effort to build a diversified project base across Canada. The next major point to watch will be how the company advances its exploration plans and whether future fieldwork identifies targets worthy of deeper study.

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