MAX Power Mining Corp. reports that it closed the previously announced non-brokered private placement . Pursuant to the offering the Company issued an aggregate of 9,745,744 units at a price of $0.195 per Unit for gross proceeds to MAX Power of $1,900,420. Mr. Rav Mlait, MAX Power CEO, commented: "This private placement with strategic investors positions MAX Power extremely well for success in 2024." Private Placement [...]
MAX Power Mining Corp. reports that it has updated the terms of its non-brokered private placement . The Company has now set a minimum for the offering of 9,745,744 units at a price of $0.195 per Unit for minimum gross proceeds to MAX Power of $1,900,420 . The Company intends to close the Offering for gross proceeds $1,900,420. The Offering is scheduled to close on or about May 15, 2024 and completion of the Offering is [...]
MAX Power Mining Corp. reports that it is increasing the size of its non-brokered private placement announced on May 3, 2024. The original Offering of 8,500,000 units will now be for up to 9,745,744 units of the Company placed with strategic investors at a price of $0.195 per Unit for gross proceeds to MAX Power of up to $1,900,420 . The Offering is scheduled to close on or about May 15, 2024 and completion of the [...]
MAX Power Mining Corp. announces a non-brokered private placement of up to 8,500,000 units of the Company at a price of C$0.195 per Unit for gross proceeds to the Company of up to C$1,657,500 targeting strategic investors. The Offering is scheduled to close on or about May 15, 2024 and completion of the Offering is subject to certain conditions including the receipt of all necessary approvals, including the approval of [...]
MAX Power Mining Corp. is pleased to confirm the discovery of near-surface lithium-rich clays over a broad area of state-leased ground in first-ever diamond drilling at the Willcox Playa in southeast Arizona. Notably, the high-grade hectorite-saponite mix of lithium in the clays within the sediments at Willcox is amenable to a straightforward separation process as demonstrated by the Lawrence Berkeley National Laboratory [...]
MAX Power Mining Corp. is pleased to provide the following corporate update: Willcox Lithium Project Initial assays are expected shortly from first-ever diamond drilling at the Willcox Playa in southeast Arizona with MAX Power having completed a Phase 1, 5-hole program consisting of 6,062 feet on state ground; Wide-spacing drilling encountered lithium-rich clays in a predominantly hectorite-saponite mix along with fluid [...]
MAX Power Mining Corp. continues to drill into thick lithium claystone sequences and fluid sequences 3 miles south of a recently completed widely-spaced triangle formation of drill holes at its Willcox Lithium Project in southeast Arizona. Diamond drill hole WP-23-04, collared 3 miles southwest of WP-23-03, has encountered a predominant lithium claystone sequence and six fluid sequences from the top of the hole to the [...]
MAX Power Mining Corp. is rapidly expanding the scale of its Willcox lithium discovery in Arizona with a fourth diamond drill hole now in progress 3 miles south of a widely-spaced triangle-shaped series of first-ever drill holes that have each encountered thick lithium claystone sequences and multiple fluid sequences. Highlights: Diamond drill hole WP-23-03, a 1,640-foot step-out to the south of WP-23-02 in the northern [...]
MAX Power Mining Corp. has significantly broadened the discovery footprint at its Willcox Lithium Project in southeast Arizona as first-ever diamond drilling continues in the northern section of the property. Highlights: Diamond drill hole WP-23-02, a 1,640-foot step-out to the west of discovery hole WP-23-01, has intersected a predominant lithium claystone sequence from the top of the hole to the base of the hole at 998 [...]
MAX Power Mining Corp. has intersected a thick lithium claystone sequence as well as multiple liquid brine targets in its first diamond drill hole at the Willcox Playa in southeast Arizona. This represents a new discovery with considerable scale and grade potential as MAX Power's Willcox Property covers a 6-mile-long north-south corridor defined by favorable geophysics and surrounded by excellent infrastructure in the [...]
MAX Power Mining Corp. is pleased to announce that it has completed a private placement financing with strategic investors for total gross proceeds of $1,100,100 . The Company has issued 2,000,181 units at a price of CAD $0.55 per Unit. MAX Power had previously announced a financing of up to $1,000,000 on December 6, 2023. Net proceeds of the hard dollar Private Placement will go toward the Company's ongoing drill program [...]
MAX Power Mining Corp. is pleased to announce that it has received a permit from the Arizona State Land Department to carry out imminent first-ever diamond drilling at its 100%-owned Willcox Playa Property located approximately 200 miles southeast of Phoenix . The Willcox Property, comprising 3,754 acres, is considered highly prospective for economic lithium mineralization based on MAX Power's recent work program and [...]