MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has adopted a Shareholder Rights Plan and entered into a Shareholder Rights Plan Agreement with TMX Trust Company as rights agent, effective immediately. The plan, which is consistent with similar measures adopted by Canadian public companies, was not implemented in response to any specific takeover proposal. Instead, it is designed to provide the company’s board and shareholders adequate time to evaluate any unsolicited takeover bid, explore value-enhancing alternatives, and ensure shareholders receive full and fair value.
The Shareholder Rights Plan will be subject to shareholder ratification at the company’s Annual General and Special Meeting expected on or around April 17, 2026. If approved, the plan is expected to remain in effect for three years following ratification. This move underscores MAX Power’s commitment to protecting shareholder interests and maintaining strategic flexibility amid growing interest in the natural hydrogen sector.
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The company is a first mover in the rapidly growing natural hydrogen sector, where it has built dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits, plus an additional 5.7 million acres under application, covering prime exploration ground prospective for large-volume accumulations of natural hydrogen. Canada’s first-ever well specifically targeting natural hydrogen has been drilled by MAX Power at the Lawson target on the Genesis Trend, confirming a working subsurface system.
MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power’s U.S. subsidiary Homeland Critical Minerals Corp. The adoption of the Shareholder Rights Plan signals the company’s proactive approach to corporate governance, particularly as it advances its exploration programs and seeks to maximize value for its shareholders.
For more information on MAX Power and its projects, visit their newsroom at https://ibn.fm/MAXXF.
