Maxus Mining's Exploration Uncovers Molybdenum Potential in Canadian Project

Despite a sharp share price drop, Maxus Mining reports new data showing a large polymetallic system at its Lotto property in Canada, expanding beyond tungsten to include molybdenum and other critical minerals.

Despite a share price decline exceeding 45% over the previous month, Maxus Mining continues to advance its operational projects in Canada. Currently trading at 0.54 euros, the company's stock price appears to discount the recent geological progress reported from its Lotto property in British Columbia. New analytical data reveals a complex mineralization system that extends well beyond initial geological assumptions, bringing new critical raw materials into focus.

A Polymetallic System Emerges

The Lotto project, spanning 3,054 hectares, benefits from its accessible location near Highway 3, west of Castlegar, allowing for year-round exploration activities. Recent findings from a field program completed in the fall of 2025 have been published this week, showing unexpected diversity on the property.

While the company's primary focus has historically been on antimony and tungsten, the latest samples tell a broader story. They confirm the anticipated tungsten mineralization but also report anomalous molybdenum values within quartz veins. This discovery suggests the presence of a more extensive polymetallic system than previously understood.

The High-Potential Midas Zone

A particularly geologically interesting area is the Midas zone in the project's northwest sector. Here, experts encountered mineralized, quartz-rich granite. This specific rock type is often associated with economically significant tungsten deposits. Historical soil samples from this same area had previously indicated anomalies for copper, silver, and zinc, further supporting the thesis of a widespread polymetallic system.

Management Charts the Forward Path

In response to these new data, Maxus Mining's management has defined a clear operational roadmap for the coming months. The immediate next phase involves conducting geophysical surveys. These results will be integrated with all available historical data.

The sole objective of this work is to systematically expand the known mineralization zones and to establish precise target coordinates for the next drilling program. This methodical approach aims to build a comprehensive understanding of the property's full resource potential, moving beyond the initial tungsten-centric model to include the newly identified molybdenum and other critical minerals.