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

Executive Summary

• Makenita Resources has more than doubled its Serpentinization Iron-Magnetite Project land package in Saskatchewan, expanding from 51,304 to 116,149 contiguous acres.
• The expanded district directly borders Max Power Corp. and targets iron, magnetite, and potential naturally occurring hydrogen production via serpentinization.
• Management plans to commence exploration work imminently, emphasizing a tight share structure (~35M shares) that could amplify the market impact of any future exploration success.

Key Details

• Land Expansion: Contiguous acreage increased from 51,304 to 116,149 acres, acquired via staking.
• Location & Neighbors: Project is situated in Saskatchewan and directly borders Max Power Corp. (CSE: MAXX).
• Target Commodities: Iron, magnetite, and naturally occurring hydrogen (produced by stimulating iron-rich magnetite formations).
• Share Structure: Just over 35 million shares outstanding, creating potential leverage for exploration success.
• Operational Plans: Management is formulating plans to commence work as soon as possible and anticipates an active remainder of 2026 across multiple projects.
• Additional Portfolio Assets: Sisson West Tungsten Project (New Brunswick, 9,845 acres), NTX Rare Earth Project (Quebec, ~9,000 acres), and Hector Project (Ontario, 5,542 acres).
• Market Context: CEO highlighted strong institutional appetite for the region, citing Eric Sprott’s ~19% stake in neighboring Max Power Corp. and the addition of new marketing support.

Notable Quotes

• Jason Gigliotti, President: "Makenita is in a significant period of corporate growth. We have just added substantial acreage, making our land package in Saskatchewan — directly bordering Max Power Corp (CSE: MAXX) — district size at 116,149 contiguous acres. MAXX recently completed a financing with Eric Sprott, who now owns approximately 19 percent of MAXX1, showing the strong institutional investment appetite for this region. The project offers strong prospectivity for iron and magnetite, and in certain situations where large iron formations are rich in magnetite, that formation can be stimulated to produce naturally occurring hydrogen. Makenita is entering the most active period of growth in the Company's history, and we have just added additional marketing to assist in getting the story out to a larger audience. Makenita has just over 35 million shares outstanding, so any success in the ground could have an outsized impact on the Company. Management is very optimistic about the short- and long-term objectives and goals of Makenita, and we plan to work as hard as possible for our shareholders."