MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF) (FRANKFURT: 89N) has 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. The move signals strong investor confidence in MAX Power's strategy to advance the Lawson Complex toward what the company believes could become the world's first large-scale commercial natural hydrogen discovery.
CEO Ran Narayanasamy emphasized that the warrant exercise demonstrates Big Energy's alignment with the company's goal of advancing the Lawson Complex while supporting continued exploration and development activities in Saskatchewan. The additional capital will be used to further exploration efforts at the project, which represents Canada’s first-ever subsurface natural hydrogen system confirmed through deep drilling, with data validated by three independent labs.
In a related corporate development, MAX Power also announced a special shareholder meeting scheduled for Aug. 20, 2026, in Regina, Saskatchewan. The meeting will 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 company has built a dominant district-scale land position 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. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals, including the Willcox Playa Lithium Project in southeast Arizona, where it made a 2024 diamond drilling discovery.
For further details on the warrant exercise and shareholder meeting, readers can view the full press release at https://ibn.fm/vXzIe. Additional information on the geological thesis behind the Lawson Complex is available in the company’s recent video, “Genesis Explained: Its ‘Salt Barrier’ Advantage and Proximity to Demand,” at https://ibn.fm/1dJFl.
