MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF) (FRANKFURT: 89N) has secured $3.75 million in proceeds from the early exercise of 8,333,333 share purchase warrants by Big Energy, an affiliate of Vietnam-based Bitexco. The transaction increases Big Energy’s ownership to 24,999,999 common shares, representing 14.5% of MAX Power’s issued and outstanding shares. The funds will support continued exploration and development activities at the Lawson Complex in Saskatchewan, which the company believes could become the world’s first large-scale commercial natural hydrogen discovery.
CEO Ran Narayanasamy emphasized that the early warrant exercise demonstrates Big Energy’s alignment with MAX Power’s strategic goals. “This commitment from a major partner underscores the potential we see at the Lawson Complex,” Narayanasamy said. “The proceeds will accelerate our exploration efforts as we work to confirm what could be a transformative natural hydrogen resource.” The company has already confirmed Canada’s first subsurface natural hydrogen system through deep drilling at the Lawson Discovery, with data validated by three independent labs.
In a separate development, MAX Power announced a special shareholder meeting scheduled for Aug. 20, 2026, in Regina, Saskatchewan. The meeting will consider a resolution to 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 geological thesis behind the Lawson Complex is further explained in a recent company video titled “Genesis Explained: Its ‘Salt Barrier’ Advantage and Proximity to Demand” (https://ibn.fm/1dJFl). The video highlights the unique salt barrier that traps hydrogen and the site’s proximity to end users, which could give MAX Power a competitive edge in the emerging natural hydrogen market.
MAX Power has built a dominant district-scale land position across Saskatchewan, with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground for large-volume accumulations of natural hydrogen. Additionally, the company holds a portfolio of critical mineral properties in the United States and Canada, including the Willcox Playa Lithium Project in southeast Arizona, where a 2024 diamond drilling discovery was made.
