MAX Power Mining Closes $25 Million Strategic Investment from Eric Sprott to Accelerate Natural Hydrogen Exploration

MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has closed a $25 million strategic non-brokered private placement with prominent resource investor Eric Sprott, the company announced. The financing, consisting of 12.5 million units priced at $2.00 per unit, significantly bolsters the company's financial position as it pursues exploration and development of natural hydrogen opportunities in Saskatchewan.

Each unit in the placement comprises one common share and one warrant exercisable at $2.75 for a period of 24 months. Following the transaction, Sprott beneficially owns approximately 19.0% of the company's outstanding common shares on a non-diluted basis and 29.6% on a partially diluted basis, assuming exercise of all warrants, subject to an agreement limiting ownership to 19.9% absent required approvals.

MAX Power said the financing increases its treasury to more than $40 million, providing substantial capital to advance its exploration activities. The company plans to use proceeds for drilling, seismic data acquisition, additional land acquisitions and continued development of its proprietary AI-powered Large Earth Model Integration (MAXX LEMI) platform for natural hydrogen targeting.

The investment underscores growing interest in natural hydrogen as a potential clean energy source. MAX Power's Lawson Discovery near Central Butte, Saskatchewan, represents Canada's first-ever subsurface natural hydrogen system confirmed through deep drilling with data validated by three independent labs. The company has built dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of natural hydrogen.

Beyond hydrogen, MAX Power holds a portfolio of properties in the United States and Canada focused on critical minerals, highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, which is 100%-owned by MAX Power's U.S. subsidiary. The company is committed to responsible exploration and development practices prioritizing environmental stewardship, meaningful community engagement, and strong corporate governance.

For further details on the announcement, the full press release is available at https://ibn.fm/hW8Y1. The latest news and updates relating to MAXXF can be found in the company's newsroom at https://ibn.fm/MAXXF.