Hampton Securities closes C$20.5M MAX Power financing with Eric Sprott lead order

By AI, Created 6:36 AM UTC, June 01, 2026, /AGP/ – Hampton Securities says it closed a brokered private placement for MAX Power Mining Corp. that raised about C$20.5 million, with Eric Sprott as the lead order. The proceeds are set to fund work on MAX Power’s Lawson Natural Hydrogen Discovery in Saskatchewan, including testing, modeling, seismic and drilling.

Why it matters: - The financing gives MAX Power fresh capital to push its Lawson Natural Hydrogen Discovery on the Genesis Trend near Central Butte, Saskatchewan. - Eric Sprott’s participation and lead order signal investor interest in MAX Power’s natural hydrogen strategy. - The deal also adds trading-linked warrants that could provide more upside capital if exercised later.

What happened: - Hampton Securities closed a brokered private placement for MAX Power Mining Corp. with aggregate gross proceeds of about C$20.5 million. - The offering closed on June 1, 2026. - Hampton Securities acted as lead agent and sole bookrunner. - Eric Sprott was the lead order in the financing.

The details: - MAX Power issued 15,805,624 units at C$1.30 per unit for gross proceeds of C$20,547,311.20. - Each unit included one common share and one-half of one common share purchase warrant. - Each whole warrant can be exercised for one additional common share at C$1.80 for 24 months from closing. - The company said net proceeds will support analytical testing, resource modeling, resource estimation, follow-up evaluation work, additional 2D and 3D seismic acquisition, further drilling and general corporate purposes. - Hampton Securities and eligible members of the selling group received a cash commission equal to 6.0% of gross proceeds. - Hampton Securities and the selling group also received 948,337 non-transferable broker warrants. - Each broker warrant allows the holder to buy one common share at the offering price until March 20, 2028. - Eric Sprott, through 2176423 Ontario Ltd., bought 3,538,461 units for C$4,599,999.30. - MAX Power said certain directors, officers and insiders bought an aggregate 3,620,010 units. - The insider participation qualified as a related party transaction under MI 61-101. - MAX Power relied on exemptions from formal valuation and minority shareholder approval requirements. - The units were sold under the listed issuer financing exemption in all Canadian provinces except Québec and in certain other jurisdictions, including the United States.

Between the lines: - The mix of institutional-style participation, insider buying and warrant coverage suggests the company wanted both financing certainty and longer-term investor alignment. - The use of a listed issuer financing exemption indicates MAX Power tapped a relatively streamlined capital-raising route for public companies. - The planned spending points to an exploration-heavy phase, not near-term production.

What’s next: - MAX Power is expected to deploy the capital into technical work and additional drilling at Lawson. - Future results from seismic, modeling and resource work will likely shape the next phase of the project. - Warrant exercises could add more capital over the next two years if the share price rises above the exercise levels.

The bottom line: - MAX Power secured a sizable financing with a high-profile lead order, giving the company room to advance its Saskatchewan natural hydrogen program.