MAX Power Mining Corp. Adopts Shareholder Rights Plan to Protect Against Unsolicited Takeovers

MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has adopted a Shareholder Rights Plan and entered into a Shareholder Rights Plan Agreement with TMX Trust Company as rights agent, effective immediately. The plan, which is consistent with similar measures adopted by Canadian public companies and was not implemented in response to any specific takeover proposal, is designed to provide the company’s board and shareholders adequate time to evaluate any unsolicited takeover bid, explore value-enhancing alternatives and ensure shareholders receive full and fair value. The plan will be subject to shareholder ratification at the company’s Annual General and Special Meeting expected on or around April 17, 2026, and if approved is expected to remain in effect for three years following ratification.

The adoption of this rights plan comes as MAX Power positions itself in the rapidly growing Natural Hydrogen sector, where it has built dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres of permits, plus an additional 5.7 million acres under application. Canada’s first-ever well specifically targeting Natural Hydrogen has been drilled by MAX Power at the Lawson target on the Genesis Trend, confirming a working subsurface system. This strategic positioning in the decarbonization sector makes the company potentially attractive to acquisition interests, necessitating protective measures for shareholder interests.

MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power’s U.S. subsidiary Homeland Critical Minerals Corp. The company’s diversified asset base across both natural hydrogen and critical minerals exploration creates multiple value drivers that the rights plan aims to protect from potential undervaluation in any takeover scenario.

The shareholder rights plan represents a standard corporate defense mechanism in Canadian markets, allowing the board to ensure that any acquisition proposal receives proper evaluation and that all shareholders have equal opportunity to participate in any premium offered. Without such protection, companies can become vulnerable to hostile takeovers that may not reflect the full long-term value of their assets, particularly in emerging sectors like natural hydrogen where MAX Power has established first-mover advantages. The plan’s implementation ahead of any specific threat indicates proactive governance rather than reactive defense.

Investors seeking the latest news and updates relating to MAXXF can access information in the company’s newsroom at https://ibn.fm/MAXXF. The full details of the Shareholder Rights Plan adoption are available in the official press release at https://ibn.fm/nwehK. These resources provide comprehensive information about the company’s strategic initiatives and corporate governance measures as it continues to develop its natural hydrogen and critical minerals portfolio across North America.