Newsfile Corp
12 Jun 2026, 07:01 UTC · 3h ago
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Makenita Resources has expanded its Serpentinization Iron-Magnetite Project in Saskatchewan from 51,304 acres to 116,149 contiguous acres. — Significant increase in land holdings increases the geological probability of discovery and project scale.
+0.40The company's Saskatchewan project borders Max Power Corp, which recently attracted a 19% ownership stake from institutional investor Eric Sprott. — Proximity to a project with strong institutional backing suggests regional validity and potential for similar investment interest.
+0.30Makenita identifies potential for the production of naturally occurring hydrogen from its iron-magnetite formations. — Exposure to the hydrogen economy provides a high-upside catalyst beyond traditional iron mining.
+0.20Which stocks this story touches
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The company more than doubled its project land package in Saskatchewan and is entering its most active period of growth.
The company recently completed a financing round with significant institutional investment from Eric Sprott.
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Accesswire
12h ago
