MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) announced that shareholders approved all resolutions at its Annual General and Special Meeting held April 17, 2026, including the appointment of Tony Van Burgsteden to the board of directors. A total of 31,363,104 common shares, representing approximately 24.8% of outstanding shares, were voted in person and by proxy, supporting the reappointment of D&H Group LLP as auditors, setting the board at six directors, electing six nominees, and approving the company’s shareholder rights plan. The company also granted 200,000 stock options and 200,000 RSUs to a director under its existing equity incentive plan.
The strong shareholder endorsement comes as MAX Power advances its pioneering work in natural hydrogen exploration. The company's Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface natural hydrogen system confirmed through deep drilling, with data validated by three independent labs. This positions MAX Power at the forefront of a potentially transformative energy source. Natural hydrogen, generated through geological processes, offers a low-carbon alternative that could play a key role in the global shift to decarbonization.
MAX Power has 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, covering prime exploration ground prospective for large-volume accumulations of natural hydrogen. The company also holds a portfolio of properties in the United States and Canada focused on critical minerals, 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.
The appointment of Tony Van Burgsteden to the board adds depth to the company's governance. His experience will be valuable as MAX Power navigates the complex regulatory and technical landscape of natural hydrogen and critical mineral exploration. The shareholder rights plan approval provides the company with tools to protect shareholder interests in the event of unsolicited takeover attempts.
MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance. For more information, view the full press release at https://ibn.fm/JMepc and follow updates at https://ibn.fm/MAXXF.
