Powell Max shares surge 73.89% premarket after identifying high-priority REE exploration targets at Atikokan Property.

Powell Max Limited (PMAX) surged 73.89% in premarket trading following the announcement that it identified multiple high-priority rare earth element (REE) exploration targets at its Atikokan Property. This development, stemming from helicopter-borne geophysical survey data interpretation, highlights the company’s progress in advancing its REE exploration strategy. The news aligns with the stock’s upward trajectory, signaling potential for resource expansion and investor confidence in the project’s viability. Earlier updates, including unaudited financial results and a Nasdaq compliance notification, were less impactful compared to the exploration breakthrough. The premarket rally reflects market optimism over the company’s strategic advancements in the critical minerals sector.