Powell Max shares surge 65.0% premarket after identifying high-priority rare earth exploration targets via geophysical survey at Atikokan Property.

Powell Max Limited (PMAX) surged 65% in premarket trading following the company’s announcement that it identified multiple high-priority rare earth element (REE) exploration targets at its Atikokan Property. The update, stemming from helicopter-borne geophysical survey data interpretation, highlights the potential for significant REE deposits, a critical resource in green energy and tech industries. This development aligns with growing demand for REEs and positions Powell Max to capitalize on strategic exploration opportunities, likely driving investor optimism. The timing coincides with heightened market interest in resource stocks amid global supply chain shifts, amplifying the stock’s premarket rally.