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MAX PWR MNG CORP (MAXXF) is a company focused on mining projects with a specific emphasis on lithium. They are currently undertaking drilling activities in various locations, including the Willcox Lithium Project Area. With a commitment to exploration, the company aims to tap into the lithium market potential. The latest news showcases their progress with Godbe Drilling's Core Rig on different holes, indicating a step forward in their mining endeavors.
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) has acquired a strategic block of 300 claims (122 sq. km) in Nunavik, Quebec, adjacent to the emerging Raglan West Lithium Camp. This acquisition positions MAX Power within two of the three prominent lithium camps in the region, following their recent acquisition of the Spark Property. The newly acquired claims contain a significant percentage of high-grade lithium samples, with 2.4% of samples in the 99th percentile based on approximately 133,000 samples analyzed by Quebec's government. The acquisition cost is a modest $50,000, indicating an efficient transaction without share dilution. CEO Rav Mlait highlighted the potential for Nunavik to become a major lithium production area, enhancing MAX's strategic foothold in the growing lithium sector.
MAX Power Mining Corp. (CSE: MAXX, OTC: MAXXF) has announced the acquisition of the Spark Property, a 184 sq. km site in Quebec's Nunavik region, targeting spodumene-bearing lithium deposits. The region, known for its high lithium and cesium concentrations in lake sediments, shows promising geochemical and geological characteristics. MAX plans to partner with GroundTruth Exploration to conduct initial assessments and drilling activities in 2023. The acquisition involves issuing 1.5 million shares and $121,600 cash to a consortium of sellers, with additional bonus shares contingent on successful drilling results. The company maintains a strong cash position exceeding $3 million and aims to expand its lithium portfolio across North America.
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