Business
Max Power Closes $25 Million Strategic Investment From Eric Sprott To Accelerate Commercial Evaluation at Lawson
Financing strengthens MAX Power’s ability to aggressively advance drilling as well as modelling and estimation of resource potential at the Lawson Complex, seismic expansion along Genesis Trend, and commercialization pathways across the Company’s Saskatchewan Natural Hydrogen portfolio Genesis Explained: Its “Salt Barrier” Advantage and Proximity To Demandhttps://www.youtube.com/watch?v=3ytpHdve6S8 REGINA, Saskatchewan, May 29, 2026 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAX
About this update from Max Power Mining Corp
[{"type":"image","alt":"MAX Power Mining Corp","displaySize":"","headline":null,"caption":"MAX Power Mining Corp","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":61,"url":"https://media.zenfs.com/en/globenewswire.com/ecfe6ddd176e081039195b18ea9be51c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/WpgLMloWtELlKXTeC0o6hQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTg1/https://media.zenfs.com/en/globenewswire.com/ecfe6ddd176e081039195b18ea9be51c","width":300,"height":61},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/WpgLMloWtELlKXTeC0o6hQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTg1/https://media.zenfs.com/en/globenewswire.com/ecfe6ddd176e081039195b18ea9be51c","width":300,"height":61}},"lazy":false},{"type":"text","content":"Financing strengthens MAX Power’s ability to aggressively advance drilling as well as modelling and estimation of resource potential at the Lawson Complex, seismic expansion along Genesis Trend, and commercialization pathways across the Company’s Saskatchewan Natural Hydrogen portfolio","length":286,"tagName":"p"},{"type":"text","content":"Genesis Explained: Its “Salt Barrier” Advantage and Proximity To Demandhttps://www.youtube.com/watch?v=3ytpHdve6S8","length":115,"tagName":"p"},{"type":"text","content":"REGINA, Saskatchewan, May 29, 2026 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is pleased to announce that, further to its May 21, 2026 news release, it has closed its strategic non-brokered private placement (the “Private Placement”) with Mr. Eric Sprott for gross proceeds of $25 million. The Private Placement consisted of 12,500,000 units (“Units”) of the Company at a price of $2.00 per Unit through 2176423 Ontario Ltd., a corporation beneficially owned by Mr. Sprott.","length":538,"tagName":"p"},{"type":"text","content":"Mr. Ran Narayanasamy, MAX Power CEO, commented: “We thank Eric for his continued strong support of MAX Power and our objective of confirming the world’s first large-scale commercial discovery of Natural Hydrogen. With over $40 million in the treasury, we’re ready to execute an aggressive, disciplined approach at the Lawson Complex and elsewhere across our Saskatchewan holdings to maximize upside potential for shareholders in this unique situation.”","length":452,"tagName":"p"},{"type":"text","content":"The Company inte...