Rev closes $5.8-million raise, talks hydrogen drilling

Executive Summary

• Rev Exploration Corp. completed its largest-ever private placement, raising $5.8 million with a lead investment of $2.0 million from Eric Sprott, who now holds approximately 12.6% of the company.
• The company increased its stake in Max Power Mining Corp. to approximately 5.0% by exercising warrants for 2 million shares, citing confidence in Max Power's natural hydrogen drilling success.
• Rev is advancing toward Q1 drilling at its flagship Aden Dome project in Alberta (focused on natural hydrogen) and continues to manage a 52,000-hectare land package in Quebec’s Chibougamau gold camp.

Key Details

• Financing Details:
  • Closed concurrent private placements totaling $5.8 million.
  • No warrants were issued with this financing.
  • Lead investor: Eric Sprott, who contributed $2.0 million.
  • Post-financing ownership: Eric Sprott beneficially owns or controls 6,666,667 common shares, representing approximately 12.6% on a non-diluted basis.
• Strategic Investment (Max Power Mining Corp.):
  • Rev increased its ownership in Max Power Mining Corp. (TSXV: MAXX; OTC: MAXXF) to 6 million shares, or approximately 5.0% on a non-diluted basis.
  • The increase was achieved by exercising two million common share purchase warrants originally issued under a previous strategic transaction.
  • CEO cited Max Power’s January 16, 2026, natural hydrogen drilling discovery on the Genesis trend as validation of the investment.
• Aden Dome Project (Alberta/Montana):
  • Located in southeast Alberta along the Montana border.
  • Considered highly prospective for natural hydrogen and associated gases.
  • Situated along a geological belt extending from Saskatchewan into Montana.
  • Company is proceeding toward near-term (Q1) drilling.
  • Actively exploring potential property acquisition opportunities in Montana and the broader Northern Great Plains states.
• Quebec Gold Assets:
  • Amassed a land package in Northern Quebec's Chibougamau gold camp totaling approximately 52,000 hectares (520 square kilometers).
  • Package includes the drill-ready JMW property.
  • Company continues to explore strategic opportunities to maximize value from these assets.

Notable Quotes

• "Rev Exploration congratulates Max Power for its natural hydrogen drilling discovery on the Genesis trend in Saskatchewan announced Jan. 16, 2026. We believe this further supports our decision last year to acquire the Aden Dome situated along a belt that stretches from the northern tip of Genesis into southeast Alberta and Montana." — Jordan Potts, CEO
• "Our decision to exercise our warrants in Max Power reflects our confidence in Max Power's progress and the long-term potential of natural hydrogen. By increasing our ownership position, we are strengthening an asset-backed investment that we believe has the potential to meaningfully enhance shareholder value at Rev." — Jordan Potts, CEO