Makenita Resources Doubles Saskatchewan Project
Analysis based on 8 articles · First reported Jun 11, 2026 · Last updated Jun 15, 2026
The expansion of Makenita Resources' land package for its Serpentinization Iron-Magnetite Project is likely to generate positive market sentiment for Makenita Resources, potentially leading to an increase in its stock price due to enhanced exploration prospects for iron, magnetite, and hydrogen. The institutional investment in Max Power Mining in the same region also signals broader market interest, which could indirectly benefit Makenita Resources.
Makenita Resources has significantly expanded its Serpentinization Iron-Magnetite Project in Canada — Saskatchewan, more than doubling its contiguous land package from 51,304 to 116,149 acres. This project, which directly borders Max Power Mining, is highly prospective for iron and magnetite, with additional potential for naturally occurring hydrogen production through serpentinization. The company's President, Jason Gigliotti, expressed optimism about this period of corporate growth, highlighting the strong institutional investment appetite in the region, as evidenced by Sprot's recent financing with Max Power Mining. Makenita Resources plans to commence work on the expanded project as soon as possible, aiming for exploration success that could have a substantial impact given its tight share structure.
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