Powermax Minerals completes US$3 million private placement financing

Powermax Minerals Inc. (CSE: PMAX) announced on November 28, 2025 that it has successfully closed a non‑brokered private placement offering, raising a total of approximately US$3 million. The financing was executed through two tranches: Non‑Flow-Through (Non‑FT) Offering: 1,643,947 units sold at CA$0.76 per unit, raising ~CA$1,249,400. Each unit comprised one common share and one warrant. Warrants are exercisable into one share at CA$0.95 for 36 months. Flow‑Through (FT) Offering: 1,945,000 FT units sold at CA$0.90 per unit, generating ~CA$1,750,500. Each FT unit delivered one common flow-through share plus a non-flow-through warrant. Those warrants can be converted into a share at CA$1.10 within 24 months. The proceeds from the FT units will be allocated toward “Canadian exploration expenses,” qualifying under the relevant Canadian tax regulations, while funds from the Non‑FT units will support general working capital and exploration efforts on Powermax’s mineral projects in British Columbia and Ontario. As part of the transaction, Powermax paid about CA$164,994 in finder’s fees and issued 195,600 finder’s warrants, exercisable into one share at CA$0.95 over 36 months. All issued securities are subject to a statutory hold period of four months plus one day, and have not been registered under U.S. securities laws — meaning they may not be sold in the United States without appropriate registration or exemptions. Powermax describes itself as a Canadian mineral‑exploration company focused on rare‑earth element (REE) projects. Its portfolio includes the option to acquire the “Cameron REE Property” (≈ 2,984 hectares in British Columbia), the “Atikokan REE Property” (455 unpatented mining claims in northwest Ontario), and full ownership of the “Ogden Bear Lodge Project” in Crook County, Wyoming. #PowermaxMinerals #PrivatePlacement #MiningFinance #RareEarths #SlimScan #GrowthStocks #CANSLIM