MAX Power Closes Financings for $4.45 Million with Eric Sprott as Lead Order
MAX Power Mining (OTC:MAXXF) has successfully completed financings totaling C$4.45 million, with renowned investor Eric Sprott leading the order. The company closed a LIFE Offering of C$2 million at C$0.20 per unit, following a previously announced C$2.45 million non-brokered private placement.
Each unit comprises one common share and one purchase warrant exercisable at C$0.25 per share. The proceeds will fund exploration of MAX Power's Natural Hydrogen properties in Saskatchewan and working capital needs. The company holds approximately 1.3 million acres of permits for Natural Hydrogen exploration in Canada, positioning itself as a leader in North America's Natural Hydrogen sector.
MAX Power Mining (OTC:MAXXF) ha completato con successo finanziamenti per un totale di 4,45 milioni di dollari canadesi, con il rinomato investitore Eric Sprott a guidare l'operazione. La società ha chiuso un'offerta LIFE da 2 milioni di dollari canadesi a 0,20 dollari per unità, dopo un collocamento privato non intermediato da 2,45 milioni di dollari canadesi precedentemente annunciato.
Ogni unità comprende un'azione ordinaria e un warrant di acquisto esercitabile a 0,25 dollari canadesi per azione. I proventi saranno utilizzati per finanziare l'esplorazione delle proprietà di Idrogeno Naturale di MAX Power in Saskatchewan e per le necessità di capitale circolante. La società detiene circa 1,3 milioni di acri di permessi per l'esplorazione di Idrogeno Naturale in Canada, posizionandosi come leader nel settore dell'Idrogeno Naturale del Nord America.
MAX Power Mining (OTC:MAXXF) ha completado con éxito financiamientos por un total de 4,45 millones de dólares canadienses, con el reconocido inversor Eric Sprott liderando la operación. La compañía cerró una Oferta LIFE de 2 millones de dólares canadienses a 0,20 dólares por unidad, tras una colocación privada no intermediada de 2,45 millones de dólares canadienses anunciada previamente.
Cada unidad incluye una acción común y un warrant de compra ejercitable a 0,25 dólares canadienses por acción. Los fondos se destinarán a la exploración de las propiedades de Hidrógeno Natural de MAX Power en Saskatchewan y a necesidades de capital de trabajo. La compañía posee aproximadamente 1,3 millones de acres de permisos para la exploración de Hidrógeno Natural en Canadá, posicionándose como líder en el sector de Hidrógeno Natural en Norteamérica.
MAX Power Mining (OTC:MAXXF)는 총 445만 캐나다 달러 규모의 자금 조달을 성공적으로 완료했으며, 유명 투자자 Eric Sprott가 주도했습니다. 회사는 이전에 발표된 245만 캐나다 달러의 비중개 사모 발행에 이어 단위당 0.20 캐나다 달러에 200만 캐나다 달러 규모의 LIFE 공모를 마감했습니다.
각 단위는 보통주 1주와 주당 0.25 캐나다 달러에 행사 가능한 구매 워런트 1개로 구성됩니다. 자금은 MAX Power의 서스캐처원 천연 수소 탐사 자산과 운전자본 필요에 사용될 예정입니다. 회사는 캐나다에서 천연 수소 탐사를 위한 약 130만 에이커의 허가를 보유하고 있어 북미 천연 수소 분야의 선두주자로 자리매김하고 있습니다.
MAX Power Mining (OTC:MAXXF) a réussi à finaliser des financements totalisant 4,45 millions de dollars canadiens, avec l'investisseur renommé Eric Sprott en tête de l'opération. La société a clôturé une offre LIFE de 2 millions de dollars canadiens à 0,20 $ par unité, suite à un placement privé non intermédié de 2,45 millions de dollars canadiens annoncé précédemment.
Chaque unité comprend une action ordinaire et un bon de souscription exerçable à 0,25 $ par action. Les fonds serviront à financer l'exploration des propriétés d'hydrogène naturel de MAX Power en Saskatchewan ainsi que les besoins en fonds de roulement. La société détient environ 1,3 million d'acres de permis pour l'exploration de l'hydrogène naturel au Canada, se positionnant comme un leader dans le secteur de l'hydrogène naturel en Amérique du Nord.
MAX Power Mining (OTC:MAXXF) hat erfolgreich Finanzierungen in Höhe von insgesamt 4,45 Millionen kanadischen Dollar abgeschlossen, wobei der renommierte Investor Eric Sprott die Order anführte. Das Unternehmen schloss ein LIFE-Angebot über 2 Millionen kanadische Dollar zu 0,20 CAD pro Einheit ab, nach einer zuvor angekündigten nicht vermittelten Privatplatzierung über 2,45 Millionen CAD.
Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant, der zu 0,25 CAD pro Aktie ausgeübt werden kann. Die Erlöse werden zur Finanzierung der Erkundung der natürlichen Wasserstoffvorkommen von MAX Power in Saskatchewan und für den Betriebskapitalbedarf verwendet. Das Unternehmen hält etwa 1,3 Millionen Acres an Erkundungslizenzen für natürlichen Wasserstoff in Kanada und positioniert sich damit als führend im nordamerikanischen Sektor für natürlichen Wasserstoff.
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VANCOUVER, British Columbia, Aug. 08, 2025 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“MAX Power” or the “Company”) is pleased to announce that in conjunction with the previously announced closings of its non-brokered private placements of units for total gross proceeds of C
Pursuant to the closing of the LIFE Offering, involving strategic new investors, the Company issued 10 million units comprising one common share in the capital of the Company (a "Share") and one Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one additional share (a "Warrant Share") at a price of C
The Company paid a cash finder’s fee of
Proceeds of the Offering will go toward exploration of MAX Power’s Natural Hydrogen properties in Saskatchewan and general working capital purposes.
Mr. Mansoor Jan, MAX Power CEO, commented: “In total we have raised gross proceeds of
Mansoor concluded: “As previously announced, we are extremely pleased to have Eric Sprott as a major new shareholder of MAX Power as we embark on this exciting new phase in the company’s young history.”
Certain Insiders participated in the LIFE Offering which is considered to be a related party transaction subject to Multilateral Instrument 61-101. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the private placement by insiders will not exceed
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, “U.S. persons” (as such term is defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration.
MAX Power Corporate Video – Natural Hydrogen
Learn more about MAX Power and its opportunity in the Natural Hydrogen space by clicking on the following link:
https://www.youtube.com/watch?v=xYkQN-PosNg
MAX Power Natural Hydrogen Presentation
Learn more about MAX Power’s advantage in North America’s Natural Hydrogen sector by clicking on the following link:
https://www.maxpowermining.com/Maxpower_Hydrogen_June18_2025.pdf
About MAX Power
MAX Power is an innovative mineral exploration company focused on North America’s shift to decarbonization. The Company is a first mover in the rapidly growing Natural Hydrogen sector where it has built a dominant district scale land position with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large volume accumulations of Natural Hydrogen. High priority initial drill target areas have been outlined. 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.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Board of Directors,
Mansoor Jan - CEO
MAX Power Mining Corp.
info@maxpowermining.com
For further information, please contact:
Chad Levesque
Ph: 1-306-981-4753
Email: ChadLevesqueConsulting@gmail.com
Forward-Looking Statement Cautions
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the intended use of any proceeds raised under the LIFE Offering.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: market uncertainty, the inability of the Company to utilize the anticipated proceeds of the LIFE Offering as anticipated, the potential for delays in exploration, development, permitting, the possibility that any future development results will not be consistent with the Company's expectations; risks related to commodity price ; the cyclical nature of the industry in which the Company operates; risks related to global financial markets, including the trading price of the Company's shares and the Company's ability to raise capital may also result in additional and unknown risks or liabilities to the Company.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation: the Company will obtain the required regulatory approvals for the LIFE Offering, including CSE approval; and the Company will use the proceeds of the LIFE Offering as currently anticipated.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
