REGINA, Saskatchewan, Aug. 10, 2026 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is pleased to announce that it has entered into a strategic non-brokered private placement financing (the “Private Placement”) with Mr. Eric Sprott for gross proceeds of $10 million. The Private Placement will consist of 4,000,000 units (“Units”) of the Company at a price of $2.50 per Unit to be subscribed for by 2176423 Ontario Ltd., a corporation beneficially owned by Mr. Sprott, with closing anticipated on or about August 17, 2026.

The Company intends to use the net proceeds of the Private Placement to further advance its ongoing commercial validation drill program at the Lawson…