Video: Lawson, Canada's First Big Step into Natural Hydrogen
https://www.youtube.com/watch?v=lTTOwMxz_zo
SASKATOON, Saskatchewan, Dec. 17, 2025 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE:MAXX; OTC: MAXXF; FRANKFURT: 89N), (CSE: MAXX; OTC:MAXXF; FRANKFURT: 89N), FRANKFURT: 89N) ("MAX Power" or the "Company") is pleased to announce the closing of a non-brokered private placement (the "Offering") of units of the Company for total gross proceeds of $5 million (CDN) in the first-ever large investment by a Vietnam-based company in Saskatchewan. This historic investment is part of a broader strategic partnership between MAX Power and Bitexco aimed at immediately accelerating the potential discovery and commercial development of Natural Hydrogen in Saskatchewan across Canada's largest permitted land package (1.3 million acres) targeting this new primary clean energy source.
Mr. Ran Narayanasamy, CEO of MAX Power, commented: "We are on the cusp of another clean energy breakthrough in Saskatchewan and this new Vietnamese partnership, on top of the investment by Eric Sprott this past summer, strategically positions MAX Power to achieve its short-term and longer-term objectives. We welcome Big Energy, an affiliate of Bitexco, as a major new shareholder in MAX Power under its owner and Chairman, Mr. Vu Quang Hoi, a prominent Vietnamese business leader and Founder and Chairman of Bitexco. MAX Power's Natural Hydrogen Project is Big Energy's first investment in Canada."
Mr. Jim Nickel, Canada's Ambassador to Vietnam, commented: "Canada is delighted to see this partnership between MAX Power and Bitexco as it reflects the strong spirit of increased collaboration between Canada and Vietnam for the benefit of both countries in terms of trade, investment and other initiatives. In addition, this partnership is driving the emergence of an entirely new sector in Saskatchewan, Natural Hydrogen - which is truly exciting and groundbreaking for Canada as we foster innovation around clean energy and leverage all the opportunities inherent in being an energy superpower."
Figure 1: MAX Power CEO Ran Narayanasamy (front left) signs closing documents in Hanoi with Dr. Phung Khac Hoan (front right), General Director of Big Energy. Back row left to right: Emilie Carrier, Senior Trade Commissioner; Ambassador Jim Nickel; Bitexco Chairman Mr. Vu Quang Hoi; Mr. Ha Nguyen, Consulate General of Canada, Director of Saskatchewan Vietnam Office; Mr. Viet Tran, COO of Big Energy.
Private Placement Details
Pursuant to the Offering, MAX Power has issued 16,666,666 Units of the Company to the Big Energy Joint Stock Company ("Big Energy") at a price of CDN $0.30 per Unit for aggregate gross proceeds of $5 million (refer to September 24, 2025 news release).
Each Unit of the Offering will consist of one common share in the capital of the Company (a "Share") and one-half of one non-transferable common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each whole Warrant will entitle Big Energy to acquire one Share at an exercise price ...
