Welcome to our dedicated page for Max Resource news (Ticker: MXROF), a resource for investors and traders seeking the latest updates and insights on Max Resource stock.
Max Resource Corp. (MXROF) maintains this dedicated news hub for stakeholders tracking its mineral exploration activities across copper-silver and iron ore projects in Colombia, Brazil, and Canada. Our curated collection provides immediate access to official announcements, technical updates, and strategic developments.
Investors and industry observers will find comprehensive coverage of operational milestones including geophysical survey results, partnership agreements, and resource estimation reports. The archive features verified information on key initiatives such as the Cesar copper-silver basin exploration and Florália iron ore asset development.
All content undergoes strict verification to ensure alignment with mining disclosure standards. Regular updates include:
• Project-specific technical advancements
• Strategic partnership announcements
• Exploration program timelines
• Corporate governance updates
Bookmark this page for direct access to MXROF's latest developments in mineral exploration. Combine these primary sources with our analysis tools for informed decision-making in the mining sector.
Max Resource Corp (TSXV: MAX) (OTC Pink: MXROF) has announced amendments to its common share purchase warrants. The company is modifying 14,825,000 warrants that were originally issued on March 28, 2022. The key changes include:
1. Extension of the expiry date by one year from March 28, 2025, to March 28, 2026
2. Reduction of the exercise price from $0.36 to $0.31
The amendment is pending approval from the TSX Venture Exchange. New warrant certificates will only be issued upon request from relevant warrant holders.
Max Resource Corp (TSXV: MAX, OTC: MXROF) has received conditional approval from the TSX Venture Exchange for a non-brokered private placement in its subsidiary, Max Iron Brazil The placement involves up to 30,000,000 ordinary shares at AUD $0.10 per share, aiming to raise up to AUD $3,000,000.
The proceeds will fund the advancement of the Florália DSO Hematite Project located 67-km east of Belo Horizonte, Minas Gerais, Brazil, and general working capital. No finder's fees are associated with the offering.
Max Brazil has initiated its inaugural drill programs at the Florália project, comprising approximately 1,500 metres of diamond drilling and 1,000 metres of mobile power auger drilling.
Max Resource Corp (TSXV: MAX) has provided an update on its Florália Hematite Iron Ore Project in Brazil. The company has established Max Iron Brazil to hold the Florália assets and plans to seek listing on the Australian Stock Exchange. High-resolution drone magnetics have identified a large anomalous zone of high-grade mineralization, expanding the target area to 1,500m by 1,000m. The company has significantly increased its geological target estimates to 50-70 million tonnes at 55-61% Fe for hematite and 130-170 million tonnes at 51-55% Fe for itabirite. The project is strategically located 70km east of Belo Horizonte, with iron ore buyers within 20km radius.
Max Resource Corp (TSXV: MAX) announces plans to spin out its Brazilian Florália Hematite Iron Ore Assets into a new Australian entity, Max Iron Brazil , with intentions to list on the ASX during Q1 2025. The Florália project, located in Minas Gerais, Brazil's largest iron ore producing State, has a geological target estimated at 8-12 million tons at 58% Fe. The project benefits from numerous iron ore buyers within 20-km radius, offering minimal transportation needs. The company's 2024 exploration program includes drone magnetic surveys, channel sampling, bulk sampling for metallurgical testing, and planned drilling activities.
Max Resource Corp (TSXV: MAX) (OTC Pink: MXROF) has closed the transaction to purchase a 100% interest in the Florália Hematite Iron Ore Project in Brazil. The project is located 70-km east of Belo Horizonte, Minas Gerais. Key points include:
1. The project has a geological target estimated at 8,052,041 to 12,184,160 tons at an average grade of 58% Fe (pre-dry screening).
2. Numerous iron ore buyers are within 20-km of Florália, providing a local ready market.
3. Max made initial cash payments of US$300,000 and will make additional payments totaling US$700,000 over the next year.
4. A 3.5% net smelter returns royalty was granted to the sellers.
5. The company has commenced its 2024 exploration program, including drone magnetic surveys, channel sampling, and planned drilling.
MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) has announced impressive assay results from its Sierra Azul Copper-Silver Project in Colombia. The newly discovered AM-13 target yielded significant findings, including:
- 1.8% Copper & 7.2 g/t Silver over 48.0m
- 3.4% Copper & 14.0 g/t Silver over 15.0m
- 3.5% Copper and 15.7 g/t Silver over 5.0m
The company has identified Manto-style mineralization similar to deposits in northern Chile. A 44.0m wide mineralized outcrop was discovered 1.2km northeast of the initial findings, suggesting significant size potential. Max is working with Freeport-McMoRan Exploration , which is earning in on the project. The company believes Sierra Azul could host one of the world's largest underexplored sedimentary and volcanic copper-silver systems.
Max Resource Corp. (MXROF) has entered a definitive agreement to acquire 100% of the Florália DSO Iron Ore Project in Brazil for a total of $1 million in staged payments. The project, located 120km east of Belo Horizonte, features high-grade direct-shipping ore potential with an estimated 8-12 million tonnes at 58% Fe. Situated in the iron-rich Quadrilátero Ferrífero region, Florália is near major mines and buyers.
The company has initiated a 2024 exploration program including channel sampling, mapping, and geophysical surveys to prepare for diamond drilling. While Max's primary focus remains the Sierra Azul Copper-Silver Project, this acquisition aligns with its strategy of exploring properties with near-term development potential.
Max Resource Corp. (TSXV: MAX) (OTC: MXROF) has secured a 30-day extension on the option to purchase 100% of the Florália DSO Iron Ore Property in Brazil. The company received conditional approval from the TSX Venture Exchange for the transaction and filed an independent Technical Report. The property, located in the Iron Quadrangle, has an estimated geological target of 8,052,041 to 12,184,160 tons at an average grade of 58% Fe.
Max also provided updates on its Sierra Azul Copper-Silver Project in Colombia, including an Earn-In Agreement with Freeport-McMoRan Exploration and a US$4.2 million exploration program for 2024. The company has acquired all shares of Bay Street Mineral Corp., eliminating a 3% net smelter royalty on parts of the Sierra Azul Project.
Max Resource Corp. (TSXV: MAX) (OTC Pink: MXROF) has announced its 2024 exploration program for the Sierra Azul Copper-Silver Project in northeastern Colombia. The program, with a USD $4.2 million budget, will be funded by Freeport-McMoRan Exploration as part of an earn-in agreement. The exploration aims to:
1. Conduct systematic regional exploration over the entire project area (>1,300 sq-km)
2. Define priority targets for drilling
The program focuses on 28 priority targets spanning 90-km across three districts: AM, Conejo, and URU. It includes detailed geological mapping, soil sampling, geophysical surveys, and structural analysis. The regional exploration will collect up to 7,500 soil samples and 1,600 stream sediment samples. Max is recruiting additional geologists and technicians to support this comprehensive exploration effort.
On June 17, 2024, Max Resource provided an update on the acquisition of the Florália Hematite Iron Ore Property in Brazil, securing conditional approval from the TSX Venture Exchange. The 613ha property lies within Brazil's Iron Quadrangle, with historical channel samples suggesting a potential geological target of 8-12 million tons of iron ore at an average grade of 58% Fe. Exploration plans for 2024 include geophysical mapping and drilling. Max has made a USD $100,000 non-refundable deposit and additional payments totaling USD $900,000 will be due within a year.
Max also highlighted ongoing developments in its Cesar Copper-Silver Project in Colombia, having entered into an Earn-In Agreement with Freeport-McMoRan. Freeport can earn up to an 80% interest by investing CAD $50 million in exploration. The 2024 work program for Cesar includes sampling and geophysical surveys to refine drill targets across three districts: AM, Conejo, and URU.
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