Max Power Closes First $2.45 Million in Private Placements With Eric Sprott as Lead Investor

Core Viewpoint - MAX Power Mining Corp. has successfully closed non-brokered private placements, raising a total of C$2,450,000, with Eric Sprott as the lead investor [1][3]. Group 1: Private Placement Details - The company issued a total of 5,681,818 Units at a price of C$0.22, which includes 5,618,818 common shares and 5,681,818 share purchase warrants exercisable at C$0.29 per share [2] - Additionally, 7,500,000 Units were issued at C$0.16, comprising 7,500,000 common shares and 7,500,000 share purchase warrants exercisable at C$0.25 per share [2] - The warrants are valid until August 1, 2027, and are subject to an acceleration clause [2] Group 2: Investor Participation - Eric Sprott, through his corporation, acquired a total of 10,369,318 common shares and warrants, representing approximately 13.3% on a non-diluted basis and 23.5% on a fully diluted basis [4] - Prior to the offerings, Mr. Sprott did not own any securities of the company [4] - Insiders, including Mr. Sprott, participated in the offerings for a total of $2,072,000, which included 5,137,500 Units at C$0.16 and 5,681,818 Units at C$0.22 [7] Group 3: Use of Proceeds and Future Plans - Proceeds from the offerings will be allocated towards the exploration of Natural Hydrogen properties in Saskatchewan and for general working capital [8] - The company anticipates closing a previously announced LIFE Offering private placement at a price of C$0.20 per unit for total gross proceeds of C$2,000,000 on or about August 6, 2025 [8] Group 4: Company Overview - MAX Power is focused on mineral exploration, particularly in the Natural Hydrogen sector, holding approximately 1.3 million acres (521,000 hectares) of permits for exploration [10] - The company aims to capitalize on the growing demand for Natural Hydrogen and has outlined high-priority initial drill target areas [10] - MAX Power also has a portfolio of properties in the U.S. and Canada, including a notable discovery at the Willcox Playa Lithium Project in Arizona [10]