MAX Power Mining Raises $20.5 Million in Private Placement with Eric Sprott as Lead Investor

MAX Power Mining Corp. has successfully closed a private placement offering, raising approximately $20.5 million. Eric Sprott led the offering, which was managed by Hampton Securities Limited. A total of 15,805,624 units were sold at C$1.30 each, with proceeds earmarked for further exploration and development of the Lawson Natural Hydrogen Discovery in Saskatchewan.

Published Mar 21, 2026

MAX Power Mining Corp. closed a private placement offering raising about $20.5 million, led by investor Eric Sprott and managed by Hampton Securities Limited. The offering sold 15,805,624 units at C$1.30 each, with total gross proceeds of $20,547,311.20.

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Each unit includes one common share and half a warrant, allowing the purchase of additional shares at C$1.80 within 24 months. Proceeds will fund testing and estimation of the Lawson Natural Hydrogen Discovery, seismic data acquisition, drilling of additional wells, and general corporate purposes. Sprott acquired 3,538,461 units for $4,599,999.30.