Reflects Information That Constitutes a Substantive Change From or Addition to the Information Set Forth in the Last Offering Circular (253g2)

Filed pursuant to Rule 253(g)(2)

File No. 024-11606

OFFERING CIRCULAR SUPPLEMENT NO. 1 DATED FEBRUARY 8, 2022

(TO THE OFFERING CIRCULAR DATED August 11, 2021 AND QUALIFIED ON sEPTEMBER 1, 2020)

BEMAX, INC.

(Exact name of registrant as specified in its charter)

Date: February 7, 2022

Nevada

5190

46-5540812

(State or Other Jurisdiction

of Incorporation)

(Primary Standard Classification Code)

(IRS Employer

Identification No.)

625 Silver Oak Drive
Dallas, Georgia 30132

Telephone: 404-480-8372

(Address, including zip code, and telephone number,
including area code, of registrant’s principal executive offices)

www.bemaxinc.com

EXPLANATORY NOTE

This document (the "Supplement") supplements and should be read in conjunction with the offering circular of Bemax, Inc. (the "Company," "we," "us," or "our") dated August 11, 2021 and qualified by the Commission on September 1, 2021 ("Offering Circular").

The purpose of this Supplement is to disclose that we have determined to set the fixed offering price at $0.015 per share. We will have approximately 400,234,289 common shares issued and outstanding if we sell all of the shares we are offering at the offering price.

OFFERING CIRCULAR SUPPLEMENT DATED FEBRUARY 8, 2022

UP TO A MAXIMUM OF 200,000,000 SHARES OF COMMON STOCK

MINIMUM INDIVIDUAL INVESTMENT: None