Max Power Mining Says Eric Sprott Hikes Equity Stake to 24.35%

11:49 AM EDT, 08/25/2026 (MT Newswires) -- Max Power Mining (MAXX.CN) on Tuesday said mining investor Eric Sprott boosted his equity stake in the company to 24.35%, from 19.32%. Sprott exercised 12.14-million warrants for proceeds of C$6 million, a statement said. He still has 16.5-million additional warrants. "The early warrant exercise further accelerates our commercial validation drill program, with fresh updates from the field expected shortly. We are ahead of schedule, under budget, and delineating a very large Natural Hydrogen system as we triangulate the first deposit at the Lawson Complex," said Chief Executive Ran Narayanasamy. Max Power shares were last seen up C$0.05, to C$2.98, on the Canadian Securities Exchange. Price: 2.97, Change: +0.04, Percent Change: +1.37