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Eric Sprott has exercised 12,138,548 warrants of MAX Power for total proceeds
to the Company of $6 million
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MAX Power President Chad Levesque presents Lawson Natural Hydrogen Discovery
at the Clean Energy & Metals Virtual Investor Conference Thursday, Aug. 27
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REGINA, Saskatchewan, Aug. 25, 2026 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is pleased to announce that Mr. Eric Sprott, through 2176423 Ontario Ltd., has exercised a total of 12,138,548 warrants of the Company issued pursuant to several investments since August 2025, including $1.80 warrants from a private placement in March 2026. Total funds received by MAX Power from the exercise of these warrants is $6,004,216.22.
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Prior to the exercise, Mr. Sprott beneficially owned, directly or indirectly, an aggregate of 34,984,979 shares of the Company, representing approximately 19.32% of the Company’s issued and outstanding common shares.
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Following the exercise completed August 24, 2026, Mr. Sprott beneficially owns, directly or indirectly 47,123,527 shares, representing approximately 24.35% of the Company’s 193,505,888 issued and outstanding common shares. He also holds a total 16,500,000 additional warrants.
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Mr. Ran Narayanasamy, CEO of MAX Power, commented:
“On behalf of the Board, I sincerely thank Eric Sprott for his substantial early warrant exercise and continued strong vote of confidence in MAX Power. The early warrant exercise further accelerates our commercial validation drill program, with fresh updates from the field expected shortly. We are ahead of schedule, under budget, and delineating a very large Natural Hydrogen system as we triangulate the first deposit at the Lawson Complex.”
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MAX Power to Present at the Clean Energy & Metals
Virtual Investor Conference Thursday, Aug. 27
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MAX Power President and Director Chad Levesque will present live at the Clean Energy & Metals Virtual Investor Conference hosted by VirtualInvestorConferences.com on August 27, 2026.
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This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
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Mr. Chad Levesque, MAX Power President, stated:
“It’s always exciting to present the MAX Power Natural Hydrogen story to investors, as I did last week in Houston, and I’m especially looking forward to this online event that features investors from all over the world. The Lawson Discovery is getting bigger by the day and I encourage investors to pre-register and mark this event on their calendar, 1:30 – 2:00 pm ET Thursday, August 27.”
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It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
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Time: 1:30 – 2:00 pm ET, Thursday, Aug. 27
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English (US)