MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) announced that shareholders approved all resolutions at its Annual General and Special Meeting held April 17, 2026. The company reported that a total of 31,363,104 common shares, representing approximately 24.8% of outstanding shares, were voted in person and by proxy. Resolutions included the reappointment of D&H Group LLP as auditors, setting the board at six directors, electing six nominees, and approving the company’s shareholder rights plan. Additionally, Tony Van Burgsteden was appointed to the board of directors. The company also granted 200,000 stock options and 200,000 RSUs to a director under its existing equity incentive plan.
The approval of the shareholder rights plan is particularly significant as it aims to protect the company from potential hostile takeover attempts, reflecting the board's confidence in the company's strategic direction and asset value. MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. Its Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface Natural Hydrogen system confirmed through deep drilling with data validated by three independent labs. The company 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.
Natural hydrogen, also known as white hydrogen, is emerging as a potentially game-changing clean energy source. Unlike green hydrogen produced via electrolysis, natural hydrogen is extracted directly from the earth, offering a lower-cost and more sustainable alternative. MAX Power's early-mover advantage in exploring for natural hydrogen in Saskatchewan positions it at the forefront of this nascent industry. The company's extensive land holdings in the region and the validated discovery at Lawson provide a strong foundation for future development.
Beyond hydrogen, MAX Power holds a portfolio of properties in the United States and Canada focused on critical minerals. These 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. The lithium project adds further diversification and exposure to the growing demand for battery metals. The company is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
The shareholder approval and new board appointment signal continued investor confidence in MAX Power's strategy to capitalize on the energy transition. For more details on the meeting results, the full press release is available at https://ibn.fm/JMepc. Investors seeking the latest updates on MAXXF can visit the company’s newsroom at https://ibn.fm/MAXXF.
