Disinterested shareholders of MAX Power Mining Corp. have overwhelmingly approved a resolution to establish Eric Sprott as a control person of the company, providing him with greater operational flexibility to increase his equity stake.

At a special meeting of shareholders held on August 20, 2026, exactly 99.92% of the votes cast by disinterested participants were cast in favour of the resolution.

Mr. Sprott indirectly owns and exercises control over 34,984,979 common shares and 28,638,548 common share purchase warrants of MAX Power. These holdings represent approximately 19.5% of the issued and outstanding common shares on a non-diluted basis, and roughly 30.5% on a partially diluted basis assuming the full exercise of his warrants.

The shareholder approval follows a $10 million strategic investment completed by Mr. Sprott in August 2026. That financing was structured to fund ongoing commercial validation drilling at the Lawson Complex, reinforcing his financial backing of the company's core asset.

MAX Power has commenced a multi-well follow-up drill program designed to validate the commerciality of the Lawson Complex. The work is taking place along the 475-kilometre Genesis trend in south-central Saskatchewan.

The Lawson Discovery represents Canada's first-ever subsurface natural hydrogen system confirmed through deep drilling, with technical data validated by three independent laboratories.

Read the full announcement: MAX Power Shareholders Approve Sprott Control Person Resolution