FINWIRES · TerminalLIVE
FINWIRES

$MAXX.CN

6 stories mentioning MAXX.CNUpdated 12d ago

Every FINWIRES story that references MAXX.CN, newest first.

Mining & Metals

Makenita Resources "More Than Doubles" Its Saskatchewan Serpentinization Iron-Magnetite Project to 116,149 Contiguous Acres

Makenita Resources (KENY.CN) has "more than doubled" its Serpentinization Iron-Magnetite Project in Saskatchewan, growing the contiguous land package from 51,304 acres to a district-sized 116,149 acres, it said on Friday.The project directly borders Max Power Corp (MAXX.CN) and is prospective for iron and magnetite, said the company and added that management is currently formulating plans to begin work as soon as possible.The project targets iron and magnetite, with additional upside potential for naturally occurring hydrogen production by stimulating iron-rich magnetite formations through serpentinization, added the company.

$KENY.CN$MAXX.CN
Mining & Metals

Max Power Mining Agrees to Sell Its Unit to Homeland Critical Minerals

Max Power Mining (MAXX.CN) on Monday agreed to sell its MAX Power Resources LLC unit to closely held Homeland Critical Minerals in exchange for shares worth $1.1 million.The company said that through its ownership of 11-million Homeland shares, just under a 50% stake in Homeland, MAX Power will maintain "significant exposure to the future success of the Willcox project and Homeland's broader business strategy".MAX Power Resources LLC owns the Willcox Playa Lithium project and is a limited liability company in Arizona. The deal is expected to close on or about June 17, or such other date as the parties may agree.Homeland intends to pursue a listing as soon as possible on a Canadian stock exchange, it said.Shares of the company were last seen unchanged at $2.32 on the Canadian Securities Exchange.Price: $2.31, Change: $-0.01, Percent Change: -0.43%

$MAXX.CN
Mining & Metals

Max Power Mining Raises $25 Million Via Non-Brokered Private Placement With Strategic Investment From Eric Sprott

Max Power Mining (MAXX.CN) closed its strategic non-brokered private placement with Eric Sprott for proceeds of $25 million, it said on Friday.The private placement consisted of 12.5-million units at $2.00 apiece through 2176423 Ontario Ltd., a corporation beneficially owned by Sprott."With over $40 million in the treasury, we're ready to execute an aggressive, disciplined approach at the Lawson Complex and elsewhere across our Saskatchewan holdings to maximize upside potential for shareholders in this unique situation," said MAX Power Chief Executive Ran Narayanasamy.Proceeds will be used for the follow-up drilling at the Lawson Complex, modelling and estimation of the resource potential and near-term commercial development prospects at Lawson, further acquisition of 2D and 3D seismic data over prospective areas across MAX Power's Saskatchewan land package and drilling of additional targets in Saskatchewan, including near-term well completion at Bracken. The company also plans to use proceeds for the acquisition of additional permitted ground, continued development of its proprietary AI-empowered Large Earth Model Integration (MAXX LEMI) Platform with potential global application for efficient targeting of Natural Hydrogen deposits and general corporate needs, including administrative and marketing expenses.Following the completion of the private placement, Sprott indirectly owns and exercises control over 30.98-million common shares and 24.6-million warrants, about 19.0% of the issued and outstanding common shares (on a non-diluted basis) or 29.6% of the issued and outstanding common shares (on a partially diluted basis, assuming exercise of the Warrants). Pursuant to terms, Sprott has agreed to refrain from exercising warrants that would result in his shareholdings exceeding 19.9% of the issued and outstanding common shares unless requisite shareholder, stock exchange and regulatory approvals have been obtained, it said.Shares of the company were last seen up 7% at $2.44 on the Canadian Securities Exchange.Price: $2.44, Change: $+0.16, Percent Change: +7.02%

$MAXX.CN
Mining & Metals

Max Power Mining Expands and Accelerates Commercial Validation Program For Natural Hydrogen System

Max Power Mining (MAXX.CN) Friday announced that ongoing interpretation of 3D seismic data across the 28 square kilometres Lawson Complex has defined the first series of "high-priority follow-up drill targets for an expanded and continuous near-term multi-well program" at the Lawson Natural Hydrogen system in Saskatchewan.The company said that the Lawson Complex is also showing "strong potential" for Helium deposits. Max Power is in a program of 2D seismic trade data acquisition across the 475-km-long Genesis Trend to further assess dozens of preliminary and more advanced Natural Hydrogen prospects while also identifying potential new target areas, it said."MAX Power is entering the most important execution phase in its history, and Eric Sprott's fresh investment of $25 million expands and accelerates this execution phase," said MAX Power Chief Executive Ran Narayanasamy. "Lawson confirmed Canada's first subsurface Natural Hydrogen system, the 3D seismic survey materially expanded our understanding of scale, and we have now outlined the first high-priority follow-up drill targets designed to advance commercial validation at the Lawson Complex."Shares of the company closed up 17% to $2.5 on Thursday on the Canadian Securities Exchange.

$MAXX.CN
Mining & Metals

Max Power Mining Up Near 6% As Announces $25 Million Investment By Eric Sprott

Max Power Mining (MAXX.CN), up 5.6% on last look, has arranged a $25 million private placement of units with mining magnate Eric Sprott, the company said Thursday.The company will issue 12.5 million units at $2.00 apiece. Each unit will consist of one share and a two-year share purchase warrant to buy a share at $2.75. Sprott already holds more than 10% of Max Power's shares, a statement said.Chief executive Ran Narayanasamy said the $25 million investment accelerates and further de-risks its plan to become the first company in the world to make a large-scale commercial discovery of natural hydrogen, an emerging new primary energy source.The private placement is expected to close on May 28.Max Power shares were last seen up $0.12, to $2.22, on the Canadian Securities Exchange.Price: $2.23, Change: $+0.11, Percent Change: +5.19%

$MAXX.CN
Mining & Metals

Max Power Mining Signs MOU with City of Moose Jaw to Commercialize Natural Hydrogen

Max Power Mining (MAXX.CN) has signed a memorandum of understanding with the City of Moose Jaw in Saskatchewan to jointly advance opportunities in commercializing natural hydrogen commercialization in the region, the company said Friday.Moose Jaw is part of the Regina-Moose Jaw Industrial Corridor, a strategic hub of transportation, logistics, industrial operations, energy infrastructure, skilled workforce, education and research capabilities in Saskatchewan.Max Power's Lawson Discovery is located about 80 kilometers northwest of Moose Jaw, and the Genesis Trend extending directly through this corridor. The company believes it can connect its project to the hub for potential end-use demand, infrastructure development, workforce growth, and long-term regional economic expansion."As MAX Power advances its Natural Hydrogen project toward commercial validation, we see a meaningful opportunity to support innovation, attract investment, create long-term economic value, and help position this region at the forefront of a new category of domestically sourced clean energy," Max Power Chief Executive Officer Ran Narayanasamy said.

$MAXX.CN

Track with the FINWIRES app suite

FolioX
FolioX
Track MAXX.CN in your portfolio
WheelAI
WheelAI
Analyze MAXX.CN options with the wheel strategy
StockInsider
StockInsider
See market sentiment on MAXX.CN