Austin, Texas, August 17th, 2026, FinanceWire
This article has been disseminated on behalf of MAX Power Mining and may include paid advertising.
MAX Power Mining (CSE: MAXX) (OTC: MAXXF) (FRANKFURT: 89N) has closed its strategic non-brokered private placement with Eric Sprott for gross proceeds of $10 million, consisting of 4 million units priced at $2.50 each. The company intends to use the net proceeds to advance its commercial validation drill program at the Lawson Complex and for general corporate purposes. Following the placement, Sprott indirectly owns and controls approximately 19.5% of MAX Power common shares on a non-diluted basis or 30.5% on a partially diluted basis, assuming exercise of his warrants. A special shareholder meeting is scheduled for Aug. 20, 2026, to consider approving Sprott as a control person of the company.
To view the full press release, visit https://ibn.fm/vVt2S
About MAX Power
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The Company’s Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface Natural Hydrogen system confirmed through deep drilling with data validated by three independent labs. MAX Power has built dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power’s U.S. subsidiary. MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
NOTE TO INVESTORS: The latest news and updates relating to MAXXF are available in the company’s newsroom at https://ibn.fm/MAXXF
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