MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has secured $6 million in funding from Eric Sprott, a prominent investor in the resource sector. Sprott, through 2176423 Ontario Ltd., exercised 12,138,548 warrants issued since August 2025, generating proceeds of $6,004,216.22 for the company. The exercise, completed on Aug. 24, 2026, increases Sprott's beneficial ownership to 47,123,527 shares, representing approximately 24.35% of MAX Power's 193,505,888 issued and outstanding common shares. Sprott also retains an additional 16.5 million warrants, signaling continued confidence in the company's prospects.
The funds will be used to accelerate MAX Power's commercial validation drill program at the Lawson Complex in Saskatchewan, where the company is delineating its Natural Hydrogen system. CEO Ran Narayanasamy emphasized that the capital injection will enable the company to expedite its exploration efforts, bringing it closer to establishing a commercial-scale Natural Hydrogen operation. This move underscores the growing interest in Natural Hydrogen as a potential clean energy source, with MAX Power positioning itself at the forefront of this emerging sector.
In addition to the funding announcement, MAX Power announced that President and Director Chad Levesque will present at the Clean Energy & Metals Virtual Investor Conference on Aug. 27 from 1:30-2 p.m. ET. The live online event will provide investors with an opportunity to engage directly with company leadership and ask questions in real time. An archived webcast will be available for those unable to attend the live session.
MAX Power is an innovative mineral and energy exploration company focused on the transition to decarbonization. Its flagship 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 a dominant district-scale land position 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 its Natural Hydrogen assets, MAX Power holds 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 a 2024 diamond drilling discovery was made. The project is 100%-owned by MAX Power's U.S. subsidiary. The company is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
The injection of capital from Eric Sprott is a significant endorsement of MAX Power's strategy and the potential of Natural Hydrogen as a clean energy resource. With the funds earmarked for the Lawson Complex drill program, the company is poised to advance its understanding of the subsurface hydrogen system and move closer to commercial viability. This development comes at a time when the global energy transition is driving increased interest in alternative and sustainable energy sources, and MAX Power is well-positioned to capitalize on this trend.
For more information about MAX Power and its projects, visit the company's newsroom at https://nnw.fm/MAXXF.
