MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF) (FRANKFURT: 89N) announced that Big Energy, an affiliate of Vietnam-based Bitexco, has completed the early exercise of 8,333,333 share purchase warrants, generating $3.75 million in proceeds for the company. Following the exercise, Big Energy increased its ownership stake to 24,999,999 common shares, representing 14.5% of MAX Power’s issued and outstanding shares. CEO Ran Narayanasamy said the move demonstrates Big Energy’s alignment with the company’s goal of advancing the Lawson Complex toward what it believes could become the world’s first large-scale commercial natural hydrogen discovery, while supporting continued exploration and development activities in Saskatchewan.
The company also announced a special shareholder meeting scheduled for Aug. 20, 2026, in Regina, Saskatchewan, to consider approval of a resolution that would permit investor Eric Sprott to become a control person of the company. Sprott currently controls 30,984,979 common shares, representing 17.98% of outstanding shares, and holds warrants that could increase his position above the threshold requiring shareholder approval under Canadian Securities Exchange rules. MAX Power’s board has recommended shareholders vote in favor of the resolution.
The proceeds from the warrant exercise will support ongoing exploration at the Lawson Complex, which represents Canada’s first-ever subsurface natural hydrogen system confirmed through deep drilling with data validated by three independent labs. MAX Power has built dominant district-scale land positions 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. The company also holds a portfolio of properties in the United States and Canada focused on critical minerals, including a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power’s U.S. subsidiary.
This funding comes at a critical time as the company accelerates its efforts to unlock the potential of natural hydrogen, a clean energy source that could play a significant role in the global shift to decarbonization. The early exercise of warrants by a major affiliate underscores institutional confidence in MAX Power’s strategy and its geological thesis behind the Lawson Complex. Readers interested in the geological thesis can learn more in the company’s recent video, “Genesis Explained: Its ‘Salt Barrier’ Advantage and Proximity to Demand” at https://ibn.fm/1dJFl.
MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance. The company’s innovative approach positions it at the forefront of the natural hydrogen and critical minerals sectors, potentially contributing to energy security and the reduction of carbon emissions.
