Maxus Mining Expands Exploration Profile with Critical Minerals Discovery

New 2025 assay results from Maxus Mining's Lotto project in BC reveal a complex critical minerals system with tungsten and molybdenum, expanding beyond antimony focus.

New assay results from Maxus Mining's 2025 field program at its Lotto Tungsten Property, released on April 2, 2026, suggest a more complex mineralization system than previously understood. The findings broaden the company's exploration focus beyond its established antimony assets, indicating significant potential for critical minerals.

Exploration Reveals Broader Mineral Potential

Conducted in the fall of 2025 by Palliser Exploration Ltd. on behalf of Maxus, the recent work centered on the 3,054-hectare Lotto project. This property is situated within British Columbia's Trail Creek Mining District and maintains year-round access via Highway 3.

While a high-grade quartz vein on the Loto-3 claim has historically been a focal point—a 1980 sample from it returned 10.97% WO?, a grade Maxus classifies as high-grade (threshold: >1.0 wt.% WO?)—the latest data reveals more. The new results not only confirm this tungsten mineralization but also identify anomalous molybdenum values associated with quartz veins and alteration zones.

Furthermore, historical geochemical soil samples from the Midas area in the project's northwest had previously identified anomalous zones for molybdenum, copper, silver, zinc, and tungsten. The Midas occurrence itself consists of mineralized quartz-rich granite (alaskite skarn), a rock type often linked to economically significant tungsten deposits.

Strategic Path Forward and Market Context

CEO Scott Walters stated that the Lotto property is increasingly demonstrating the characteristics of a promising critical minerals project. He noted that the early results, combined with historical data, have defined a clear forward path. The next phase of work will aim to expand the known mineralization zone and further refine high-priority targets.

This development follows a series of antimony-focused announcements from Maxus. The Lotto results add a new dimension to the company's exploration profile, introducing a resource that is gaining strategic importance amid global supply chain discussions for defense and industrial applications. Maxus Mining's total portfolio in British Columbia encompasses approximately 15,098 hectares.

The company's shares have declined roughly 54% since the start of the year and are currently trading near their 52-week low.