MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) today announced the adoption of a Shareholder Rights Plan, effective immediately, designed to protect the company and its shareholders in the event of unsolicited takeover bids. The plan, established through a Shareholder Rights Plan Agreement with TMX Trust Company as rights agent, is consistent with similar measures adopted by other Canadian public companies and was not implemented in response to any specific takeover proposal.
The Shareholder Rights Plan aims to provide the company’s board and shareholders with adequate time to evaluate any unsolicited takeover bid, explore value-enhancing alternatives, and ensure that shareholders receive full and fair value for their shares. The plan will be subject to shareholder ratification at the company’s Annual General and Special Meeting expected on or around April 17, 2026. If approved, the plan is expected to remain in effect for three years following ratification.
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The company is a first mover in the rapidly growing natural hydrogen sector, having built dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits, plus an additional 5.7 million acres under application. These holdings cover prime exploration ground prospective for large-volume accumulations of natural hydrogen. Canada’s first-ever well specifically targeting natural hydrogen has been drilled by MAX Power at the Lawson target on the Genesis Trend, confirming a working subsurface system.
In addition to its natural hydrogen assets, MAX Power holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power’s U.S. subsidiary Homeland Critical Minerals Corp.
For more information about the Shareholder Rights Plan, the full press release is available at https://ibn.fm/nwehK. The latest news and updates relating to MAXXF can be found in the company’s newsroom at https://ibn.fm/MAXXF.
