From GlobeNewswire: 2024-05-02 20:30:00

MAX Power Mining Corp. announces a non-brokered private placement of up to 8,500,000 units at a price of C$0.195 per unit for gross proceeds of up to C$1,657,500. The offering is set to close on May 15, 2024, subject to certain conditions. Each unit will consist of one common share and one-half of one non-transferable common share purchase warrant. Insiders may participate in the offering, but it is expected to be exempt from certain requirements. The net proceeds will be used for exploration, evaluation of new projects, administrative expenses, marketing, and working capital.
Investors can access the offering document on the company’s profile at www.sedarplus.ca and on the company’s website. The company may pay finder’s fees in connection with the offering. The securities offered will not have a hold period under Canadian securities laws. MAX Power is a resource company focused on domestic lithium resources and has a partnership with the University of California Lawrence Berkeley National Laboratory to develop direct lithium extraction technologies for brine resources. This press release does not constitute an offer to sell securities in the United States.



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