MAX Power Mining Initiates Private Placement to Raise C$4M-C$20M for Hydrogen Project
MAX Power Mining (MAXXF) has launched a private placement aiming to raise between C$4 million and C$20 million. The funds will support the Lawson Natural Hydrogen Discovery project and other corporate expenses. The offering includes approximately 15.38 million units priced at C$1.30 each, with full warrants allowing share purchases at C$1.80. The offering will close around March 20, 2026, pending regulatory approval.
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MAX Power Mining (MAXXF) is conducting a private placement to raise between C$4 million and C$20 million, managed by Hampton Securities Limited. The offering includes around 15.38 million units at C$1.30 each, supporting the Lawson Natural Hydrogen Discovery, seismic acquisition, and drilling.
Each unit consists of one common share and a half warrant, with full warrants exercisable at C$1.80 for 24 months. The offering closes around March 20, 2026, subject to regulatory approval. MAX Power Mining holds a market cap of C$102.76 million and reports no revenue, with a negative EPS of -0.15. While the company has no debt and a high cash ratio of 12.28, it has a low Piotroski F-Score of 3 and high volatility with a beta of 2.42.
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