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Powermax (CSE: PMAX) (OTCQB: PWMXF) (FWB: T23) is a Canadian mineral exploration company focused on rare earth element (REE) exploration in Canada and the United States. Our aim is to identify and define the presence of these valuable minerals. The Company holds options to acquire prospective REE opportunities at the Cameron REE property in British Columbia, the Atikokan REE property in Ontario and a 100% interest in the Ogden Bear Lodge Project in Wyoming.
Global Rare Earth Elements (REE) Demand
1. mining.com 2. futuremarketinsights.com 3. bbc.com 4. ft.com
Chart: grandviewresearch.com
North American Government Initiatives to Stimulate Domestic REE Production and Processing
1. canada.ca 2. federalregister.gov 3. canada.ca 4. federalregister.gov 5.energy.gov 6. canada.ca
The Rare Earth market stands at the nexus of key technological and sustainable trends
Including AI, electric vehicles (EVs), wind turbines, solar panels, semiconductors, and microchips, making it a linchpin in the global technological ecosystem. 1
China is the undisputed leader of the critical minerals supply chain, producing roughly 60% of the world’s supply of rare earths and processing approximately 90%, which means it is importing these materials from other countries and processing them. 2
U.S. officials have previously warned that this dominance poses a strategic challenge amid the pivot to more sustainable energy sources and heightened tensions. 3
Now the US is fighting back with a pandemic-era approach to boost critical minerals production and curb China’s market dominance by guaranteeing a minimum price for REE’s. 4 And the Department of Energy has proposed nearly $1 billion in funding to strengthen the domestic critical minerals supply chain. 3
1. hamiltonlocke.com.au 2. bbc.com 3. reuters.com 4. reuters.com
Companies directly affected by the Rare Earth market and Supply Chain.
SEMICONDUCTOR MANUFACTURING: Rare Earth Metals like cerium, lanthanum, and yttrium are used in the production of semiconductor materials and wafers. These elements help improve the performance and reliability of semiconductor devices.
MAGNETIC STORAGE: Neodymium-based magnets are used in computer hard drives, contributing to high storage density and faster data access.
CRT MONITORS: Cerium and europium are used in the phosphors of cathode-ray tube (CRT) monitors, which were once widely used in computer displays.
LED DISPLAYS: Europium and terbium are used in the production of phosphors for LED displays, improving color quality and energy efficiency in computer monitors and TVs.
LASER TECHNOLOGY: Neodymium-doped lasers are used in various computer-related applications, such as laser printers, barcode scanners, and optical communication systems.
HIGH-PERFORMANCE COMPUTING: Some rare earth elements may find applications in high-performance computing (HPC) systems due to their unique magnetic and electrical properties, which can enhance processing capabilities.
ELECTRIC VEHICLE MOTORS: Rare Earth Metals, especially neodymium and dysprosium, are crucial in the production of electric vehicle motors. These motors are essential components in electric cars and contribute to their energy efficiency.
BATTERY TECHNOLOGIES: Some Rare Earth Metals, like lanthanum and cerium, are used in battery technologies. While this is not limited to computers, they can be found in rechargeable batteries used in laptops and other portable electronic devices.
OPTICAL COMPONENTS: In the field of optics, Rare Earth Metals are used in various components such as laser crystals, optical lenses, and prisms, contributing to the precision and performance of optical devices used in computers and telecommunications.
SUPERCONDUCTORS: Some Rare Earth Metals are used in the development of high-temperature superconductors, which can have applications in advanced computing technologies, including quantum computing.
ELECTRONIC SENSORS: Rare Earth Metals can be used in sensors and detectors, which are vital for various computer-related applications, including environmental monitoring, security systems, and industrial automation.
DATA STORAGE: In addition to hard drives, Rare Earth Metals are used in other forms of data storage, such as magnetic tapes and optical discs, contributing to archival and long-term data preservation.
MANUFACTURING AND PACKAGING: Rare Earth Metals are used in the manufacturing and packaging of electronic components, ensuring the reliability and longevity of computer hardware.
Paul Gorman
CEO & Director
Paul Gorman is a resource based corporate specialist with over 25 years of experience in junior mining finance, taking companies public, assessing asset viability and operating growth-emerging public companies. For the last 18 years, Paul has been the President and Managing Partner of Riverbank Capital Inc., a Merchant Bank working with small-cap companies to assist them in financing, property development and initiating well-defined marketing programs. Paul’s responsibilities have also included raising capital totaling in excess of $150 million as well as promoting the companies to the investment community and writing strategic plans for business growth. Mr. Gorman was instrumental in revitalizing the graphite industry in North America in 2008 by funding Industrial Minerals Inc, which became Northern Graphite (TSX V : NGC) and assisting other graphite companies in an advisory role. Paul founded Mega Graphite Inc. in 2009, where he was instrumental in the re-start of production of a flake graphite mine in SW Australia. Paul has served as CEO for three other industrial mineral Companies in the past. Paul has led many drilling and exploration programs and was successful in hitting high grade lithium values in a 2024 drill campaign for Pan American Energy Corp.
Michael Malana
Director
With over 20 years of international experience in financial management, financial reporting and general corporate governance, Mr. Malana has held senior financial executive positions across several industries including natural resources, biotechnology and manufacturing. Mr. Malana holds a Bachelor of Commerce degree from Concordia University in Montreal and is a Chartered Professional Accountant (Certified Management Accountant).
Afzaal Pirzada M.Sc., P.Geo.
Director
Mr. Pirzada is a professional geoscientist with over 30 years’ experience in mineral exploration and mining with expertise in gold, lithium, rare metals, graphite, PGE and uranium. Throughout his career, he has managed multiple exploration projects in various jurisdictions across Canada, USA and internationally. He has worked as Project Geologist, VP Exploration, Director and CEO of Adriana Resources, Rock Tech Lithium and various other mining companies. He has discovered one graphite deposit in Quebec, and successfully developed a lithium project in Ontario from early stage exploration to advanced exploration. He is registered as a professional geoscientist with the Association of Professional Engineers and Geoscientists of British Columbia, Canada, authored several NI 43-101 technical and exploration work assessment reports, and has worked as a “Qualified Person” on mineral exploration projects. He is currently engaged in the exploration of Ultra Lithium’s lithium and gold projects in Argentina, and hard rock lithium projects at the Georgia Lake pegmatites in Northwestern Ontario, Canada.
