Core Insights - REV Exploration Corp. has made significant corporate updates, including a successful private placement raising $5.8 million and an increased stake in MAX Power Mining Corp. to 5.0% [5][2] - The company is focused on its flagship Aden Dome Project, which is highly prospective for Natural Hydrogen and associated gases, and is planning near-term drilling activities [5][3] Group 1: Corporate Developments - REV Exploration has completed its largest capital raise to date, totaling $5.8 million, with a lead order of $2.0 million from Eric Sprott, who now owns approximately 12.6% of the company on a non-diluted basis [5] - The company has increased its ownership in MAX Power Mining Corp. to 6 million shares, representing approximately 5.0% on a non-diluted basis, after exercising 2 million common share purchase warrants [5][2] - The company is exploring potential property acquisition opportunities in Montana and the broader Northern Great Plains states [5] Group 2: Project Focus - The Aden Dome Project, located along the Alberta-Montana border, is considered highly prospective for Natural Hydrogen and associated gases, with drilling planned for Q1 [5][3] - REV Exploration has amassed a land package in Northern Quebec's Chibougamau Gold Camp totaling approximately 52,000 hectares, including the drill-ready JMW Property [5][3]
REV Provides Corporate Update
Globenewswire·2026-01-19 13:00