MAX Power Adopts Shareholder Rights Plan

Core Viewpoint - MAX Power Mining Corp. has adopted a Shareholder Rights Plan to protect shareholder interests and provide time for evaluation in case of unsolicited takeover bids [2][3]. Group 1: Shareholder Rights Plan - The Shareholder Rights Plan is aligned with similar plans from other Canadian public companies and is not a response to any specific acquisition proposal [2]. - The plan aims to give the Board and shareholders adequate time to assess unsolicited offers, explore alternatives, and ensure fair treatment of shareholders [2]. - The plan will be subject to ratification by shareholders at the upcoming Annual General and Special Meeting scheduled for around April 17, 2026, and is expected to remain effective for three years post-ratification [3]. Group 2: Company Overview - MAX Power is focused on the decarbonization shift and is a first mover in the Natural Hydrogen sector, holding approximately 1.3 million acres (521,000 hectares) of permits and an additional 5.7 million acres under application [8]. - The company has drilled Canada's first well specifically targeting Natural Hydrogen at the Lawson target on the Genesis Trend, confirming a working subsurface system [8]. - MAX Power also has properties in the U.S. and Canada focused on critical minerals, including a diamond drilling discovery at the Willcox Playa Lithium Project in Arizona [8].