MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF) (FRANKFURT: 89N) 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.
CEO Ran Narayanasamy said the move demonstrates Big Energy’s alignment with the company’s goal of advancing the Lawson Complex toward what it believes could become the world’s first large-scale commercial natural hydrogen discovery, while supporting continued exploration and development activities in Saskatchewan. The company also announced a special shareholder meeting scheduled for Aug. 20, 2026, in Regina, Saskatchewan, to 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 additional capital from the warrant exercise strengthens MAX Power’s financial position to advance its exploration activities. The company’s Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface natural hydrogen system confirmed through deep drilling with data validated by three independent labs. MAX Power has built dominant district-scale land positions 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.
This news matters because natural hydrogen is emerging as a potentially transformative clean energy source. If the Lawson Complex proves commercially viable, it could position Canada as a leader in natural hydrogen production, offering a low-carbon alternative to fossil fuels. The involvement of major investors like Bitexco and Eric Sprott signals confidence in the project’s potential. For the reader, this development highlights the growing interest in natural hydrogen as a key component of the energy transition.
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The company also holds a portfolio of properties in the United States and Canada focused on critical minerals, highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power’s U.S. subsidiary.
For more details on the geological thesis behind the Lawson Complex, readers can view the company’s recent video, “Genesis Explained: Its ‘Salt Barrier’ Advantage and Proximity to Demand” at https://ibn.fm/1dJFl. The full press release is available at https://ibn.fm/vXzIe.
