MAX Power Mining Closes C$20.5 Million Private Placement Led by Eric Sprott to Advance Saskatchewan Natural Hydrogen Discovery

MAX Power Mining Corp. has closed a private placement that raised approximately C$20.5 million in gross proceeds, with Eric Sprott as the lead investor. The company sold 15,805,624 units at C$1.30 per unit, with Hampton Securities Limited acting as lead agent and sole bookrunner for the financing. According to the company, the proceeds will be directed toward the ongoing evaluation and development of its Lawson Natural Hydrogen discovery in Saskatchewan.

The funding is earmarked for analytical testing, resource modeling, seismic acquisition, and additional drilling at the Lawson site. The company also indicated that a portion of the funds will be used for general corporate purposes. Management views this as advancing a scalable natural hydrogen opportunity across its extensive land holdings in the region. The Lawson Discovery near Central Butte, Saskatchewan, has been described by the company as Canada's first-ever subsurface Natural Hydrogen system confirmed through deep drilling, with data validated by three independent laboratories.

MAX Power has established significant land positions in Saskatchewan, with approximately 1.3 million acres of permits and an additional 5.7 million acres under application. This land package is considered prospective for large-volume accumulations of Natural Hydrogen. The company's broader portfolio also includes properties in the United States and Canada focused on critical minerals, notably 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 private placement represents a substantial financial commitment to exploring natural hydrogen, which is gaining attention as a potential clean energy source. The involvement of Eric Sprott, a well-known figure in the resource investment community, adds credibility to the project. The company emphasizes its commitment to responsible exploration practices, including environmental stewardship and community engagement. For further details, the full press release is available at https://ibn.fm/i6DhC, and ongoing updates relating to the company are accessible in its newsroom at https://ibn.fm/MAXXF.