MAX Power Announces $20 Million Brokered Offering

Executive Summary

• MAX Power Mining Corp. announced a private placement of up to C$20 million (minimum C$4 million) consisting of 15,384,615 units at C$1.30 per unit.
• Proceeds will fund analytical testing, resource modeling, confirmatory drilling on the Lawson Natural Hydrogen discovery, acquisition of seismic data, additional well drilling, and general corporate purposes.
• Each unit includes one common share and half a warrant (full warrant exercisable at C$1.80 per share for up to 24 months); an over‑allotment option allows the agent to sell up to an additional 15% of units.

Key Details

• Units Offered: 15,384,615 units @ C$1.30 each (gross proceeds C$4 M–C$20 M).
• Composition of Each Unit:
• 1 common share of MAX Power Mining Corp.
• ½ of a common‑share purchase warrant (full warrant gives the right to buy one share at C$1.80).
• Warrant Terms: Exercise price C$1.80 per share; exercisable any time up to 24 months after closing.
• Lead Agent/Bookrunner: Hampton Securities Limited (sole bookrunner, commercial‑reasonable‑efforts basis).
• Over‑Allotment Option: Up to an additional 15% of the units may be sold by the agent at the same issue price, exercisable up to two business days before closing.
• Closing Date: Expected on or about March 20, 2026 (subject to regulatory approvals).
• Use of Proceeds:
  1. Analytical testing, resource modeling, and estimation for the Lawson Natural Hydrogen discovery on the Genesis Trend; confirmatory well drilling.
  2. Acquisition of 2‑D and 3‑D seismic data across Saskatchewan land package.
  3. Drilling additional exploration wells.
  4. General corporate purposes (administrative, marketing, etc.).
• Regulatory Framework: Offered under the Listed Issuer Financing Exemption (NI 45‑106 Part 5A) in all Canadian provinces except Quebec; units will be free‑trading immediately after closing.
• Investor Access: Offering documents available on SEDAR+ and the company website.

Notable Quotes

“The financing will enable us to advance our pioneering natural hydrogen program, expand seismic coverage, and continue drilling critical wells to unlock the commercial potential of our Saskatchewan assets.” – Ran Narayanasamy, CEO, MAX Power Mining Corp.