18:00:20 EDT Fri 01 May 2026
Enter Symbol
or Name
USA
CA



Makenita Resources Inc
Symbol KENY
Shares Issued 37,687,996
Close 2026-04-30 C$ 0.105
Market Cap C$ 3,957,240
Recent Sedar+ Documents

Makenita stakes Serpentinization project in Sask.

2026-05-01 15:30 ET - News Release

Mr. Jason Gigliotti reports

MAKENITA ACQUIRES THE 23,517 ACRE "SERPENTINIZATION IRON-MAGNETITE PROJECT" IN SASKATCHEWAN

Makenita Resources Inc. has acquired the Serpentinization iron-magnetite project in Saskatchewan. This project consists of 23,517 contiguous acres that directly borders Max Power Corp. in Saskatchewan. This project is prospective for iron and magnetite.

Jason Gigliotti, president of Makenita Resources, stated: "This project has a massive footprint in a known area prospective for iron and magnetite. In certain situations when you have large iron formations that are rich in specific minerals, like magnetite, you can stimulate that iron formation to produce naturally occurring hydrogen. This project directly borders Max Power Corp. With just over 30 million shares outstanding, any success in the ground would have a meaningful impact on the company given such a small float. Management anticipates a very active remainder of the year on multiple projects and is very optimistic about the near- and midterm outlook for Makenita."

Qualified person

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.

About Makenita Resources Inc.

Makenita currently has several projects located in Canada, including the Sisson West tungsten project, consisting of approximately 9,845 contiguous acres prospective for tungsten, located in New Brunswick, directly bordering Northcliff Resources Ltd.'s Sisson tungsten mine; as well as the 23,517-acre Serpentinization iron-magnetite project in Saskatchewan bordering Max Power. Makenita also has the approximately 9,000-acre NTX rare earth project in Quebec prospective for rare earths. Lastly, Makenita has the 5,542-acre Hector property, which is in the vicinity of the town of Cobalt, Ont., which is prospective for cobalt, silver and diamonds. Management cautions that past results or discoveries on properties in proximity to Makenita may not necessarily be indicative of the presence of mineralization on the company's properties.

This land was acquired by staking.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.