MAX Power Mining Secures C$20.5 Million in Private Placement Led by Eric Sprott for Natural Hydrogen Development

MAX Power Mining Corp. announced the closing of its previously announced private placement, raising approximately C$20.5 million in gross proceeds through the sale of 15,805,624 units at C$1.30 per unit. The private placement was led by prominent investor Eric Sprott, with Hampton Securities Limited acting as lead agent and sole bookrunner. This substantial capital infusion is crucial for the company as it seeks to advance its Lawson Natural Hydrogen discovery in Saskatchewan, which management believes represents a scalable natural hydrogen opportunity across its extensive land position.

The proceeds from this financing will support ongoing evaluation and development activities at the Lawson site, including analytical testing, resource modeling, seismic acquisition, and additional drilling programs. These technical activities are essential for advancing the project from discovery toward potential development. The company has indicated that funds will also be used for general corporate purposes as it continues to build its natural hydrogen portfolio. This financing represents a significant vote of confidence from the investment community, particularly with Eric Sprott's participation as lead investor, given his reputation in the resource sector.

The 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 laboratories. This scientific validation adds credibility to the project's potential and distinguishes it from other exploration efforts. Natural hydrogen, sometimes referred to as white or gold hydrogen, is generated through geological processes rather than industrial methods, potentially offering a cleaner and more sustainable energy source. The development of natural hydrogen resources could play an important role in global decarbonization efforts, particularly for hard-to-abate industrial sectors.

MAX Power has established dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres of permits, plus an additional 5.7 million acres under application, covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen. This extensive land package provides the company with significant exploration upside beyond the initial Lawson discovery. The company's focus on natural hydrogen aligns with growing global interest in hydrogen as a clean energy carrier, particularly as nations seek to reduce carbon emissions and transition to lower-carbon energy systems.

Beyond its natural hydrogen assets, MAX Power maintains a portfolio of properties in the United States and Canada focused on critical minerals. These include the Willcox Playa Lithium Project in southeast Arizona, where the company's U.S. subsidiary made a diamond drilling discovery in 2024. The company has emphasized its commitment to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance. For investors seeking additional information, the latest news and updates relating to MAXXF are available in the company's newsroom at https://ibn.fm/MAXXF.