International Energy Partner Invests $5 Million in Canada's Energy Future

Executive Summary

• MAX Power Mining Corp. closed a non‑brokered private placement raising CDN $5 million from Big Energy (an affiliate of Vietnam’s Bitexco), marking the first large Vietnamese investment in Saskatchewan and accelerating its Natural Hydrogen program.
• The offering consisted of 16,666,666 units at CDN $0.30 per unit; each unit includes one common share and half a non‑transferable warrant exercisable at $0.45 per share for up to 24 months (with acceleration provisions).
• As part of the transaction, Dr. Phung Khac Hoan will join MAX Power’s Board of Directors and Big Energy obtained board nomination rights and pro‑rata participation in future financings.

Key Details

• Private Placement Structure – 16,666,666 units issued at CDN $0.30 per unit; total gross proceeds of CDN $5 million.
• Unit Composition – Each unit = 1 common share + ½ of a non‑transferable common share purchase warrant.
• Warrant Terms – Whole warrant allows purchase of one share at $0.45; exercisable for 24 months, with an acceleration clause that can reduce the exercise period to 60 days if the share price stays ≥ $0.60 for ten consecutive trading days.
• Statutory Hold Period – All securities subject to a four‑month‑plus‑one‑day hold period per Canadian securities legislation.
• Investor Rights Agreement – Grants Big Energy pro‑rata rights in future financings and board nomination rights contingent on maintaining certain ownership levels.
• Board Appointment – Dr. Phung Khac Hoan, General Director of Big Energy, to join MAX Power’s Board (subject to exchange approval).
• Use of Proceeds – Net proceeds earmarked for exploration and drilling of Natural Hydrogen properties in Saskatchewan, working capital, and general corporate purposes.
• Strategic Significance – First major Vietnamese investment in the province; aligns with prior investment from Eric Sprott and positions MAX Power as a leading player in the emerging Natural Hydrogen sector.
• Geopolitical Context – Highlighted by comments from Canada’s Ambassador to Vietnam, underscoring bilateral trade and clean‑energy collaboration.

Notable Quotes

“We are on the cusp of another clean energy breakthrough in Saskatchewan… this new Vietnamese partnership strategically positions MAX Power to achieve its short‑term and longer‑term objectives.” – Ran Narayanasamy, CEO, MAX Power

“Canada is delighted to see this partnership… it reflects the strong spirit of increased collaboration between Canada and Vietnam for the benefit of both countries.” – Jim Nickel, Canada’s Ambassador to Vietnam