{"success":true,"data":{"pressRelease":{"id":"114062","rtpr_id":"nGNX47DRy2","ticker":"MAXX","exchange":"","all_tickers":["MAXX"],"title":"MAX Power Announces $10 Million Strategic Investment at $2.50 Per Unit from Eric Sprott","author":"Globe Newswire","published_at":"2026-08-10T12:36:50.047Z","article_body":"REGINA, Saskatchewan, Aug. 10, 2026 (GLOBE NEWSWIRE) -- MAX Power Mining Corp.\n(CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is\npleased to announce that it has entered into a strategic non-brokered private\nplacement financing (the “Private Placement”) with Mr. Eric Sprott for\ngross proceeds of $10 million. The Private Placement will consist of 4,000,000\nunits (“Units”) of the Company at a price of $2.50 per Unit to be\nsubscribed for by 2176423 Ontario Ltd., a corporation beneficially owned by\nMr. Sprott, with closing anticipated on or about August 17, 2026.\n\nThe Company intends to use the net proceeds of the Private Placement to\nfurther advance its ongoing commercial validation drill program at the Lawson\nComplex and for general corporate purposes, including administrative and\nmarketing expenses.\n\nPrivate Placement Terms\n\nEach Unit will consist of one common share in the capital of the Company\n(each, a “Common Share”) and one Common Share purchase warrant (each, a\n“Warrant”). Each Warrant entitles Mr. Sprott to purchase one Common Share\n(each, a “Warrant Share”) at a price of $3.25 per Warrant Share for a\nperiod of 24 months from the closing date of the Private Placement. All\nsecurities issued in connection with the Private Placement are subject to a\nstatutory hold period of four months plus one day from the date of issuance,\nin accordance with applicable securities legislation. Closing of the Private\nPlacement is subject to customary closing conditions, including the approval\nof the Canadian Securities Exchange (“CSE”).\n\nAs at the date of this release, Mr. Sprott beneficially owns, or exercises\ncontrol or direction over, more than 10% of the issued and outstanding Common\nShares and is therefore a “related party” of the Company within the\nmeaning of Multilateral Instrument 61-101 - Protection of Minority\nSecurityholders in Special Transactions (“MI 61-101”). Accordingly, his\nparticipation in the Private Placement will constitute a “related party\ntransaction” within the meaning of MI 61-101. The Company intends to rely on\nthe exemptions from the formal valuation and minority shareholder approval\nrequirements under sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively,\nas neither the fair market value of the Units to be issued to Mr. Sprott nor\nthe consideration to be paid by him is expected to exceed 25% of the\nCompany’s market capitalization, calculated in accordance with MI 61-101.\n\nEarly Warning Disclosure\n\nUpon completion of the Private Placement, Mr. Sprott will be required to file\nan early warning report pursuant to National Instrument 62-103 - The Early\nWarning System and Related Take-Over Bid and Insider Reporting Issues (“NI\n62-103”) in connection with his acquisition of the Units.\n\nPrior to the completion of the Private Placement, Mr. Sprott, through 2176423\nOntario Ltd., beneficially owns and exercises control over 30,984,979 Common\nShares and 24,638,548 Common Share purchase warrants, representing\napproximately 17.6% of the issued and outstanding Common Shares on a\nnon-diluted basis and approximately 27.8% on a partially diluted basis,\nassuming the exercise of such warrants.\n\nFollowing the completion of the Private Placement, Mr. Sprott, through 2176423\nOntario Ltd., will beneficially own and exercise control over 34,984,979\nCommon Shares and 28,638,548 Warrants, representing approximately 19.5% of the\nissued and outstanding Common Shares on a non-diluted basis and approximately\n30.5% on a partially diluted basis, assuming exercise of all Warrants\nbeneficially owned or controlled by Mr. Sprott.\n\nAs previously announced by the Company, a special meeting of shareholders (the\n“Meeting”) is scheduled to be held on August 20, 2026, at which\ndisinterested shareholders will be asked to consider and, if thought\nadvisable, approve an ordinary resolution approving the creation of Mr. Sprott\nas a control person of the Company (the “Control Person Resolution”). Mr.\nSprott has undertaken not to exercise any warrants if such exercise would\nresult in his beneficial ownership of, or control or direction over, more than\n19.9% of the issued and outstanding Common Shares unless and until the\nrequisite shareholder and CSE approvals have been obtained. The Warrants to be\nissued pursuant to the Private Placement will be subject to the same exercise\nrestriction. Accordingly, Mr. Sprott will not be entitled to exercise Warrants\nto the extent such exercise would cause his holdings to exceed 19.9% of the\nissued and outstanding Common Shares unless the Control Person Resolution is\napproved at the Meeting and all other requisite CSE and regulatory approvals\nhave been obtained.\n\nThe Units will be acquired for investment purposes. Mr. Sprott has a long-term\nview of the investment and may acquire additional securities of the Company,\ndispose of securities of the Company, or continue to hold his position,\ndepending on market conditions, reformulation of plans and/or other relevant\nfactors, subject in each case to applicable securities laws.\n\nFollowing completion of the Private Placement, an Early Warning Report in\nrespect of the acquisition will be filed by Mr. Sprott in accordance with\napplicable securities laws and will be available on the Company’s profile on\nthe System for Electronic Document Analysis and Retrieval+ (“SEDAR+”) at\nwww.sedarplus.ca.\n\nThe securities to be issued pursuant to the Private Placement have not been\nand will not be registered under the United States Securities Act of 1933, as\namended, or any applicable state securities laws, and may not be offered or\nsold in the United States absent registration or an applicable exemption from\nregistration. This news release does not constitute an offer to sell or a\nsolicitation of an offer to buy, nor will there be any sale of the securities\nin any jurisdiction in which such offer, solicitation or sale would be\nunlawful.\n\nFigure 1 – Drilling Photo From Lawson, Genesis Trend (Nov. 2025)\n\n\n\nRecent Videos\n\nPresident Chad Levesque On Significance of Lawson \nhttps://youtu.be/wCeFQTKtOuI\n\nThe Time is Now\nhttps://youtu.be/TKnEnBEQ0TM\n\nWhat is Natural Hydrogen?\nhttps://www.youtube.com/watch?v=S0bqqZeIpxc\n\nGenesis Explained: Its “Salt Barrier” Advantage and Proximity to Demand\nhttps://www.youtube.com/watch?v=3ytpHdve6S8\n\nThe Genesis Trend’s Industrial Corridor\nhttps://youtube.com/shorts/IAgALH_s3mI\n\nLawson – Canada’s First Big Step into Natural Hydrogen\nhttps://www.youtube.com/watch?v=lTTOwMxz_zo\n\nMAX Power Leaps at Lawson\nhttps://www.youtube.com/watch?v=Yr4Ha06__Eg\n\nWatch the Drill in Action\nhttps://www.youtube.com/watch?v=eguNGAfdIek\n\nMAX Power Saskatchewan Natural Hydrogen Documentary Video\nhttps://www.youtube.com/watch?v=TXGDtTUbJ2c\n\nHistory in The Making at Lawson – Video Immediately Ahead of Drill Rig Setup\nhttps://www.youtube.com/watch?v=BNHazk9Sy4E\n\nStay Connected by Following Us On\n\nX (formerly Twitter): x.com/MaxPowerMining\n(https://www.globenewswire.com/Tracker?data=NokZQ9lo4psUk2XCtXoseNBmNJdjy3ONb_TPLa4ocwni4qlG18Qfq-xGtm_xLCXBOYCPKcNrKgoFBz_mMjFXs49F4lPif2R7XF3UV6sAvIY=)\nLinkedIn: linkedin.com/company/max-power-mining-corp\n(https://www.globenewswire.com/Tracker?data=7oQweRQbJWL4rN6WcCSVt1mWtZ4BOsB6CN4v-SdHdlU27Ngppvptbu8eG_mbi_bPwe5MLaRUDXtKEJPbWwQNw9bwdvtA5lfLxXZScyeuh8tX-zbarW5I9pgd1YWh-bnWfevNwBj8FnLHC-qaNnEBUvuqY5eWEwLCeYSap2oUuyQ=)\nInstagram: https://www.instagram.com/maxpowerminingcorp/\nYouTube: https://www.youtube.com/@maxpowerminingcorp\nand by joining our Telegram channel: t.me/MaxpowerMining\n(https://www.globenewswire.com/Tracker?data=8I2AR8pqy82Lqk9IUh2CNTjvKkh5E1648cSiWpQ2RtEBjQL7bzRBKdqKsthixoMeZzPS48pfeG4QdH1UyEDK2WV3RqyVAFjKfdu_AtI5IZ4=)\n\nAbout MAX Power\n\nMAX Power is an innovative mineral and energy exploration company focused on\nthe shift to decarbonization. The Company’s Lawson Discovery near Central\nButte, Saskatchewan, represents Canada’s first-ever subsurface Natural\nHydrogen system confirmed through deep drilling with data validated by three\nindependent labs. MAX Power has built dominant district-scale land positions\nacross Saskatchewan with approximately 2 million acres (~809,000 hectares) of\npermits covering prime exploration ground prospective for large-volume\naccumulations of Natural Hydrogen, and has commenced a multi-well follow-up\ndrill program to validate the commerciality of the broader Lawson Complex\ninterpreted to cover a 28 sq. km area along the 475-km Genesis Trend. MAX\nPower also holds a significant equity position in Homeland Critical Minerals\nwhich now owns the Willcox Project in Arizona, a lithium discovery confirmed\nin early 2024 by MAX Power. MAX Power is committed to responsible exploration\nand development practices that prioritize environmental stewardship,\nmeaningful community engagement, and strong corporate governance.\n\nOn behalf of the Board of Directors,\n\nRan Narayanasamy, CEO\nMAX Power Mining Corp.\ninfo@maxpowermining.com\n\nFor further information, please contact:\n\nChad Levesque, President\nPh: 1-306-981-4753\nchad@maxpowermining.com\n\nMedia Contact:\n\nSarah Mawji, Venture Strategies\nsarah@venturestrategies.com\n\nCautionary Statement and Forward-Looking Information\n\nThis news release contains certain “forward-looking information” within\nthe meaning of applicable Canadian securities legislation. Forward-looking\ninformation in this news release includes, but is not limited to, statements\nregarding the completion of the Financing and the timing thereof; the receipt\nof CSE approval for the Financing; the intended use of proceeds from the\nFinancing; the Company’s plans to advance its commercial validation drill\nprogram at the Lawson Complex; the holding of the Meeting on August 20, 2026;\nthe consideration and potential approval by disinterested shareholders of the\nControl Person Resolution; and the potential future exercise of Warrants by\nMr. Sprott.\n\nForward-looking information is based on management’s current expectations\nand assumptions that, while considered reasonable as of the date of this news\nrelease, are inherently subject to significant business, economic and\ncompetitive uncertainties and contingencies. These assumptions include, among\nother things, assumptions regarding the completion of the Financing on the\nterms announced; the receipt of required regulatory and CSE approvals; the\nCompany’s ability to deploy the proceeds of the Financing as currently\ncontemplated; the timing and execution of the Company’s exploration and\ncommercial validation activities; the holding of the Meeting as currently\nscheduled; and the Company obtaining the requisite shareholder approval of the\nControl Person Resolution.\n\nForward-looking information is subject to known and unknown risks,\nuncertainties and other factors that may cause actual results, performance or\nachievements to differ materially from those expressed or implied by such\nforward-looking information. Such risks and uncertainties include, but are not\nlimited to, the risk that the Financing may not be completed on the terms\nannounced or at all; the risk that the Company does not receive CSE approval\nof the Financing; the risk that the Control Person Resolution is not approved\nby disinterested shareholders; the possibility that the Company may use the\nproceeds of the Financing differently than currently anticipated; risks\nassociated with exploration, drilling and the evaluation and potential\ndevelopment of natural hydrogen resources; operational and technical risks;\nchanges in commodity prices, capital markets and general economic conditions;\nthe availability of additional financing on acceptable terms; regulatory\nrisks; and the other risks described in the Company’s continuous disclosure\ndocuments available under its profile on SEDAR+ at www.sedarplus.ca.\n\nReaders are cautioned not to place undue reliance on forward-looking\ninformation. Forward-looking information contained in this news release is\nmade as of the date hereof, and the Company undertakes no obligation to update\nor revise any forward-looking information, whether as a result of new\ninformation, future events or otherwise, except as required by applicable\nsecurities laws. Neither the Canadian Securities Exchange nor its Regulation\nServices Provider accepts responsibility for the adequacy or accuracy of this\nrelease.\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/c8c883c4-278e-40ba-b248-ce8d2cecaff4\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/fc6a8c68-8fa8-4b43-a78d-bab1dd02c661)\nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/c8c883c4-278e-40ba-b248-ce8d2cecaff4/en)\nDrilling Photo From Lawson, Genesis Trend (Nov. 2025)\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX47DRy2","title":"MAX Power Announces $10 Million Strategic Investment at $2.50 Per Unit from Eric Sprott","author":"Globe Newswire","ticker":"MAXX","created":"2026-08-10T12:36:50.047Z","tickers":["MAXX"],"exchange":"","article_body":"REGINA, Saskatchewan, Aug. 10, 2026 (GLOBE NEWSWIRE) -- MAX Power Mining Corp.\n(CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is\npleased to announce that it has entered into a strategic non-brokered private\nplacement financing (the “Private Placement”) with Mr. Eric Sprott for\ngross proceeds of $10 million. The Private Placement will consist of 4,000,000\nunits (“Units”) of the Company at a price of $2.50 per Unit to be\nsubscribed for by 2176423 Ontario Ltd., a corporation beneficially owned by\nMr. Sprott, with closing anticipated on or about August 17, 2026.\n\nThe Company intends to use the net proceeds of the Private Placement to\nfurther advance its ongoing commercial validation drill program at the Lawson\nComplex and for general corporate purposes, including administrative and\nmarketing expenses.\n\nPrivate Placement Terms\n\nEach Unit will consist of one common share in the capital of the Company\n(each, a “Common Share”) and one Common Share purchase warrant (each, a\n“Warrant”). Each Warrant entitles Mr. Sprott to purchase one Common Share\n(each, a “Warrant Share”) at a price of $3.25 per Warrant Share for a\nperiod of 24 months from the closing date of the Private Placement. All\nsecurities issued in connection with the Private Placement are subject to a\nstatutory hold period of four months plus one day from the date of issuance,\nin accordance with applicable securities legislation. Closing of the Private\nPlacement is subject to customary closing conditions, including the approval\nof the Canadian Securities Exchange (“CSE”).\n\nAs at the date of this release, Mr. Sprott beneficially owns, or exercises\ncontrol or direction over, more than 10% of the issued and outstanding Common\nShares and is therefore a “related party” of the Company within the\nmeaning of Multilateral Instrument 61-101 - Protection of Minority\nSecurityholders in Special Transactions (“MI 61-101”). Accordingly, his\nparticipation in the Private Placement will constitute a “related party\ntransaction” within the meaning of MI 61-101. The Company intends to rely on\nthe exemptions from the formal valuation and minority shareholder approval\nrequirements under sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively,\nas neither the fair market value of the Units to be issued to Mr. Sprott nor\nthe consideration to be paid by him is expected to exceed 25% of the\nCompany’s market capitalization, calculated in accordance with MI 61-101.\n\nEarly Warning Disclosure\n\nUpon completion of the Private Placement, Mr. Sprott will be required to file\nan early warning report pursuant to National Instrument 62-103 - The Early\nWarning System and Related Take-Over Bid and Insider Reporting Issues (“NI\n62-103”) in connection with his acquisition of the Units.\n\nPrior to the completion of the Private Placement, Mr. Sprott, through 2176423\nOntario Ltd., beneficially owns and exercises control over 30,984,979 Common\nShares and 24,638,548 Common Share purchase warrants, representing\napproximately 17.6% of the issued and outstanding Common Shares on a\nnon-diluted basis and approximately 27.8% on a partially diluted basis,\nassuming the exercise of such warrants.\n\nFollowing the completion of the Private Placement, Mr. Sprott, through 2176423\nOntario Ltd., will beneficially own and exercise control over 34,984,979\nCommon Shares and 28,638,548 Warrants, representing approximately 19.5% of the\nissued and outstanding Common Shares on a non-diluted basis and approximately\n30.5% on a partially diluted basis, assuming exercise of all Warrants\nbeneficially owned or controlled by Mr. Sprott.\n\nAs previously announced by the Company, a special meeting of shareholders (the\n“Meeting”) is scheduled to be held on August 20, 2026, at which\ndisinterested shareholders will be asked to consider and, if thought\nadvisable, approve an ordinary resolution approving the creation of Mr. Sprott\nas a control person of the Company (the “Control Person Resolution”). Mr.\nSprott has undertaken not to exercise any warrants if such exercise would\nresult in his beneficial ownership of, or control or direction over, more than\n19.9% of the issued and outstanding Common Shares unless and until the\nrequisite shareholder and CSE approvals have been obtained. The Warrants to be\nissued pursuant to the Private Placement will be subject to the same exercise\nrestriction. Accordingly, Mr. Sprott will not be entitled to exercise Warrants\nto the extent such exercise would cause his holdings to exceed 19.9% of the\nissued and outstanding Common Shares unless the Control Person Resolution is\napproved at the Meeting and all other requisite CSE and regulatory approvals\nhave been obtained.\n\nThe Units will be acquired for investment purposes. Mr. Sprott has a long-term\nview of the investment and may acquire additional securities of the Company,\ndispose of securities of the Company, or continue to hold his position,\ndepending on market conditions, reformulation of plans and/or other relevant\nfactors, subject in each case to applicable securities laws.\n\nFollowing completion of the Private Placement, an Early Warning Report in\nrespect of the acquisition will be filed by Mr. Sprott in accordance with\napplicable securities laws and will be available on the Company’s profile on\nthe System for Electronic Document Analysis and Retrieval+ (“SEDAR+”) at\nwww.sedarplus.ca.\n\nThe securities to be issued pursuant to the Private Placement have not been\nand will not be registered under the United States Securities Act of 1933, as\namended, or any applicable state securities laws, and may not be offered or\nsold in the United States absent registration or an applicable exemption from\nregistration. This news release does not constitute an offer to sell or a\nsolicitation of an offer to buy, nor will there be any sale of the securities\nin any jurisdiction in which such offer, solicitation or sale would be\nunlawful.\n\nFigure 1 – Drilling Photo From Lawson, Genesis Trend (Nov. 2025)\n\n\n\nRecent Videos\n\nPresident Chad Levesque On Significance of Lawson \nhttps://youtu.be/wCeFQTKtOuI\n\nThe Time is Now\nhttps://youtu.be/TKnEnBEQ0TM\n\nWhat is Natural Hydrogen?\nhttps://www.youtube.com/watch?v=S0bqqZeIpxc\n\nGenesis Explained: Its “Salt Barrier” Advantage and Proximity to Demand\nhttps://www.youtube.com/watch?v=3ytpHdve6S8\n\nThe Genesis Trend’s Industrial Corridor\nhttps://youtube.com/shorts/IAgALH_s3mI\n\nLawson – Canada’s First Big Step into Natural Hydrogen\nhttps://www.youtube.com/watch?v=lTTOwMxz_zo\n\nMAX Power Leaps at Lawson\nhttps://www.youtube.com/watch?v=Yr4Ha06__Eg\n\nWatch the Drill in Action\nhttps://www.youtube.com/watch?v=eguNGAfdIek\n\nMAX Power Saskatchewan Natural Hydrogen Documentary Video\nhttps://www.youtube.com/watch?v=TXGDtTUbJ2c\n\nHistory in The Making at Lawson – Video Immediately Ahead of Drill Rig Setup\nhttps://www.youtube.com/watch?v=BNHazk9Sy4E\n\nStay Connected by Following Us On\n\nX (formerly Twitter): x.com/MaxPowerMining\n(https://www.globenewswire.com/Tracker?data=NokZQ9lo4psUk2XCtXoseNBmNJdjy3ONb_TPLa4ocwni4qlG18Qfq-xGtm_xLCXBOYCPKcNrKgoFBz_mMjFXs49F4lPif2R7XF3UV6sAvIY=)\nLinkedIn: linkedin.com/company/max-power-mining-corp\n(https://www.globenewswire.com/Tracker?data=7oQweRQbJWL4rN6WcCSVt1mWtZ4BOsB6CN4v-SdHdlU27Ngppvptbu8eG_mbi_bPwe5MLaRUDXtKEJPbWwQNw9bwdvtA5lfLxXZScyeuh8tX-zbarW5I9pgd1YWh-bnWfevNwBj8FnLHC-qaNnEBUvuqY5eWEwLCeYSap2oUuyQ=)\nInstagram: https://www.instagram.com/maxpowerminingcorp/\nYouTube: https://www.youtube.com/@maxpowerminingcorp\nand by joining our Telegram channel: t.me/MaxpowerMining\n(https://www.globenewswire.com/Tracker?data=8I2AR8pqy82Lqk9IUh2CNTjvKkh5E1648cSiWpQ2RtEBjQL7bzRBKdqKsthixoMeZzPS48pfeG4QdH1UyEDK2WV3RqyVAFjKfdu_AtI5IZ4=)\n\nAbout MAX Power\n\nMAX Power is an innovative mineral and energy exploration company focused on\nthe shift to decarbonization. The Company’s Lawson Discovery near Central\nButte, Saskatchewan, represents Canada’s first-ever subsurface Natural\nHydrogen system confirmed through deep drilling with data validated by three\nindependent labs. MAX Power has built dominant district-scale land positions\nacross Saskatchewan with approximately 2 million acres (~809,000 hectares) of\npermits covering prime exploration ground prospective for large-volume\naccumulations of Natural Hydrogen, and has commenced a multi-well follow-up\ndrill program to validate the commerciality of the broader Lawson Complex\ninterpreted to cover a 28 sq. km area along the 475-km Genesis Trend. MAX\nPower also holds a significant equity position in Homeland Critical Minerals\nwhich now owns the Willcox Project in Arizona, a lithium discovery confirmed\nin early 2024 by MAX Power. MAX Power is committed to responsible exploration\nand development practices that prioritize environmental stewardship,\nmeaningful community engagement, and strong corporate governance.\n\nOn behalf of the Board of Directors,\n\nRan Narayanasamy, CEO\nMAX Power Mining Corp.\ninfo@maxpowermining.com\n\nFor further information, please contact:\n\nChad Levesque, President\nPh: 1-306-981-4753\nchad@maxpowermining.com\n\nMedia Contact:\n\nSarah Mawji, Venture Strategies\nsarah@venturestrategies.com\n\nCautionary Statement and Forward-Looking Information\n\nThis news release contains certain “forward-looking information” within\nthe meaning of applicable Canadian securities legislation. Forward-looking\ninformation in this news release includes, but is not limited to, statements\nregarding the completion of the Financing and the timing thereof; the receipt\nof CSE approval for the Financing; the intended use of proceeds from the\nFinancing; the Company’s plans to advance its commercial validation drill\nprogram at the Lawson Complex; the holding of the Meeting on August 20, 2026;\nthe consideration and potential approval by disinterested shareholders of the\nControl Person Resolution; and the potential future exercise of Warrants by\nMr. Sprott.\n\nForward-looking information is based on management’s current expectations\nand assumptions that, while considered reasonable as of the date of this news\nrelease, are inherently subject to significant business, economic and\ncompetitive uncertainties and contingencies. These assumptions include, among\nother things, assumptions regarding the completion of the Financing on the\nterms announced; the receipt of required regulatory and CSE approvals; the\nCompany’s ability to deploy the proceeds of the Financing as currently\ncontemplated; the timing and execution of the Company’s exploration and\ncommercial validation activities; the holding of the Meeting as currently\nscheduled; and the Company obtaining the requisite shareholder approval of the\nControl Person Resolution.\n\nForward-looking information is subject to known and unknown risks,\nuncertainties and other factors that may cause actual results, performance or\nachievements to differ materially from those expressed or implied by such\nforward-looking information. Such risks and uncertainties include, but are not\nlimited to, the risk that the Financing may not be completed on the terms\nannounced or at all; the risk that the Company does not receive CSE approval\nof the Financing; the risk that the Control Person Resolution is not approved\nby disinterested shareholders; the possibility that the Company may use the\nproceeds of the Financing differently than currently anticipated; risks\nassociated with exploration, drilling and the evaluation and potential\ndevelopment of natural hydrogen resources; operational and technical risks;\nchanges in commodity prices, capital markets and general economic conditions;\nthe availability of additional financing on acceptable terms; regulatory\nrisks; and the other risks described in the Company’s continuous disclosure\ndocuments available under its profile on SEDAR+ at www.sedarplus.ca.\n\nReaders are cautioned not to place undue reliance on forward-looking\ninformation. Forward-looking information contained in this news release is\nmade as of the date hereof, and the Company undertakes no obligation to update\nor revise any forward-looking information, whether as a result of new\ninformation, future events or otherwise, except as required by applicable\nsecurities laws. Neither the Canadian Securities Exchange nor its Regulation\nServices Provider accepts responsibility for the adequacy or accuracy of this\nrelease.\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/c8c883c4-278e-40ba-b248-ce8d2cecaff4\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/fc6a8c68-8fa8-4b43-a78d-bab1dd02c661)\nFigure 1 \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/c8c883c4-278e-40ba-b248-ce8d2cecaff4/en)\nDrilling Photo From Lawson, Genesis Trend (Nov. 2025)\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-10T12:36:50.11477779Z","server_sent_at_ms":1786365410114},"received_at":"2026-08-10T12:36:50.166Z","source_url":"https://www.globenewswire.com/news-release/2026/08/10/3341837/0/en/max-power-announces-10-million-strategic-investment-at-2-50-per-unit-from-eric-sprott.html"},"analysis":{"id":"103063","press_release_id":"114062","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Transaction is a related party transaction as Eric Sprott already owns >10% of the company","Use of proceeds includes 'administrative and marketing expenses'","Shareholder approval required for Sprott to become a control person and exercise warrants beyond 19.9% ownership"],"eventType":"offering","narrative":"MAX Power Mining Corp. secured $10 million in gross proceeds through a non-brokered private placement with Eric Sprott, priced at $2.50 per unit.\n\nEach unit consists of one share and one warrant exercisable at $3.25, with proceeds intended to fund the commercial validation drill program at the Lawson Complex and general corporate purposes.\n\nFollowing the transaction, Sprott's ownership will increase to approximately 19.5% on a non-diluted basis, prompting a shareholder vote on August 20 to approve him as a control person.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Eric Sprott backs MAX Power with $10M, validating the natural hydrogen thesis at Lawson."},"keyFigures":{"dealValueUsd":10000000,"offeringPrice":2.5,"sharesOffered":4000000,"customDimensions":{"warrants_per_share":1,"warrant_expiry_months":24,"warrant_exercise_price":3.25,"investor_pre_ownership_pct":17.6,"investor_post_ownership_pct":19.5}},"quotedText":"","namedEntities":{"people":[{"name":"Eric Sprott","role":"Strategic Investor"},{"name":"Ran Narayanasamy","role":"CEO"},{"name":"Chad Levesque","role":"President"}],"products":["Lawson Complex","Lawson Discovery","Genesis Trend","Willcox Project"],"companies":[{"name":"2176423 Ontario Ltd.","relationship":"purchaser (Eric Sprott vehicle)"},{"name":"Canadian Securities Exchange","relationship":"regulatory body / listing exchange"},{"name":"Homeland Critical Minerals","relationship":"equity investment portfolio company"}],"dollarAmounts":[{"amount":"$10 million","context":"gross proceeds of private placement"},{"amount":"$2.50","context":"price per Unit"},{"amount":"$3.25","context":"warrant exercise price"}]},"materialImpact":{"score":3,"reasoning":"$10M strategic private placement from Eric Sprott provides significant capital to advance the Lawson drilling program without the typical overhead of a brokered deal. 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