Makenita Resources (CSE:KENY | WKN:A40X6P | OTCID:KENYF) has doubled its Serpentinization Iron-Magnetite Project in Saskatchewan, Canada, from 23,517 to 51,304 contiguous acres.
The project targets iron and magnetite, with additional upside potential for naturally occurring hydrogen production by stimulating iron-rich magnetite formations through serpentinisation.
President Jason Gigliotti says the company is pleased to expand its land package, directly bordering Max Power Mining (CSE:MAXX).
“With just over 30 million shares outstanding, any success on the ground would have a meaningful impact given our small float,” Gigliotti says.
“We anticipate an active remainder of the year across multiple projects and remain very optimistic about our near- and mid-term outlook.”
Makenita acquired the Serpentinization Project at the beginning of May 2026. The company is a Canadian junior resources explorer focused on assembling a portfolio of low-risk properties at the exploration stage.
Write to Aaliyah Rogan at Mining.com.au
Images: Makenita Resources
