Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
M&A / Property

Makenita Acquires the 23,517 Acre "Serpentinization Iron-Magnetite Project" in Saskatchewan

Makenita Expands Critical Mineral Footprint with Saskatchewan Staking Amidst Tungsten Exploration Push

By The Northwire Desk — AI Analysis May 04, 2026 · 03:02 KENY · 0.11 Makenita Resources Inc.
Executive Summary
  • Makenita Resources Inc. acquired a 23,517 acre Serpentinization Iron-Magnetite Project in Saskatchewan via land staking on May 4, 2026.
  • The project is located directly adjacent to Max Power Corp and targets iron, magnetite, and potential naturally occurring hydrogen production through mineral stimulation.
  • This follows a pattern of portfolio expansion seen in November 2025 with the Sisson West Tungsten and NTX Rare Earth projects.
  • Management highlights the small float (approx. 30 million shares) as a catalyst for price impact if ground success occurs.
  • The acquisition method is staking, implying minimal immediate cash outlay compared to previous option agreements which involved share issuance and warrants.
Material Impact
  • The news represents an incremental expansion of the land portfolio rather than a fundamental shift in revenue or profitability.
  • No resource estimates, drilling results, or definitive commercial outcomes are disclosed in this release.
  • The hydrogen production narrative is speculative and relies on future stimulation technology success, not immediate extraction.
  • Given the company's history of small financings ($100k-$200k) and exploration focus, this aligns with expected operational progress rather than unexpected market-moving events.
  • The proximity to Max Power Corp adds strategic context but does not guarantee shared infrastructure or revenue without further agreements.
KENY · Price
Company Overview
  • Flagship Project: Sisson West Tungsten Project in New Brunswick (approx. 9,400 acres), bordering the operating Sisson Tungsten Mine designated as a "Nation-Building Project."
  • Secondary Projects: NTX Rare Earth Project (Quebec, ~9,000 acres), Hector Property (Ontario, ~5,542 acres for cobalt/silver/diamonds), and the new Serpentinization Iron-Magnetite Project (Saskatchewan).
  • Development Stage: Exploration phase; geophysical surveys are underway on tungsten assets, while other projects remain in staking/option stages.
  • Management: Jason Gigliotti serves as President & CEO, focusing on critical minerals and supply chain development narratives.
Read the original news release →

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Jun 15, 2026 · 03:02

Micro-cap explorer doubles Saskatchewan iron-magnetite footprint, but remains pre-revenue and cash-burning.

Production / Operations Jun 12, 2026 · 03:02

Makenita Resources More Than Doubles Its Saskatchewan Serpentinization Iron-Magnetite Project to 116,149 Contiguous Acres

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Makenita Resources Doubles Saskatchewan Footprint Amidst Cash Burn and Dilution Risks

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Makenita Resources Expands Saskatchewan Iron Footprint, Yet Exploration Risk Remains Paramount

Production / Operations May 01, 2026 · 03:02

Makenita Resources Inc.

M&A / Property