MAX Power Mining Corp. has secured $6,004,216.22 in fresh funding after major investor Eric Sprott exercised 12,138,548 purchase warrants through 2176423 Ontario Ltd.

The transaction increases Sprott’s beneficial holdings to 47,123,527 common shares out of 193,505,888 issued and outstanding shares, lifting his equity stake from 19.32% to 24.35%. He also retains an additional 16,500,000 warrants. The early exercise follows a recent private placement completed in August 2026, which initially positioned his stake at approximately 19.5% across 34,984,979 shares.

MAX Power's flagship Genesis project in south-central Saskatchewan hosts the Lawson Discovery, which represents Canada's first confirmed subsurface Natural Hydrogen system. The company is deploying capital from strategic financings into a multi-well follow-up drill program designed to evaluate the commerciality of the Lawson Complex across an interpreted 28 square kilometre area along the 475-kilometre Genesis Trend.

“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.”

— Ran Narayanasamy, CEO of MAX Power

In addition to advancing its field programs, MAX Power President and Director Chad Levesque is scheduled to present live at the Clean Energy & Metals Virtual Investor Conference on August 27, 2026, providing investors with an interactive online update on the Lawson Natural Hydrogen discovery.

Read the full announcement: Eric Sprott Boosts MAX Power Ownership to 24.35%