Maxim Power Corp. Announces TSX Acceptance of Normal Course Issuer Bid

Core Points - Maxim Power Corp. has received approval from the Toronto Stock Exchange to proceed with a normal course issuer bid (NCIB) to purchase up to 3,182,528 common shares, representing approximately 5% of its issued and outstanding shares as of September 2, 2025 [1][2][4] - The NCIB will commence on September 16, 2025, and may continue until September 15, 2026, or until completed or terminated by the company [2] - An automatic share purchase plan (ASPP) will be implemented to facilitate share purchases during internal trading black-out periods [3] - The management believes that the market price of the shares may not fully reflect their underlying value, making share repurchases beneficial for shareholders [4] - The current NCIB follows a previous one that allowed the purchase of up to 2,529,885 shares, under which 117,272 shares were bought at a weighted average price of $4.47 per share [5] - Maxim Power Corp. is focused on power projects in Alberta, with its core asset being the 300 MW H.R. Milner Plant, and is exploring additional development options including gas-fired and wind power generation projects [6]