MAX Power Mining Secures $25M Investment from Eric Sprott for Natural Hydrogen

MAX Power Mining (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has announced the closing of a significant $25 million strategic non-brokered private placement with renowned resource investor Eric Sprott. The financing involved 12.5 million units priced at $2.00 per unit, each consisting of one common share and one warrant exercisable at $2.75 for 24 months. This injection boosts the company's treasury to over $40 million, earmarked for advancing exploration and development activities focused on natural hydrogen opportunities across Saskatchewan. Key initiatives include follow-up drilling and resource evaluation at the Lawson Complex, which represents Canada’s first-ever subsurface Natural Hydrogen system confirmed through deep drilling, with data validated by three independent labs.

Proceeds from the placement will support drilling, seismic data acquisition, additional land acquisitions, and continued development of MAX Power's proprietary AI-powered Large Earth Model Integration (MAXX LEMI) platform for natural hydrogen targeting. Following the transaction, Eric Sprott beneficially owns approximately 19.0% of the company’s outstanding common shares on a non-diluted basis and 29.6% on a partially diluted basis, assuming exercise of all warrants, subject to a standstill agreement limiting ownership to 19.9% absent required approvals. 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. The company also holds a portfolio of properties in the United States and Canada focused on critical minerals, 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 an innovative mineral and energy exploration company committed to the shift to decarbonization. This investment by Eric Sprott underscores the growing interest in natural hydrogen as a clean energy source. The company’s AI-powered platform, MAXX LEMI, positions it at the forefront of exploration technology. For more details, the full press release is available at https://ibn.fm/hW8Y1. Latest news and updates relating to MAXXF are available in the company’s newsroom at https://ibn.fm/MAXXF.