Max Power Mining Corp. shareholders approve Eric Sprott as controlling person

Max Power Mining Corp. announced the results of its extraordinary general meeting held on August 20, 2026. Non-interested shareholders approved the appointment of Eric Sprott as a controlling person of the company with a majority of over 99.92% of the votes cast.

This decision provides Mr. Sprott with increased flexibility to expand his stake in the company. He currently holds indirectly 34,984,979 common shares and 28,638,548 rights to purchase common shares. On a non-diluted basis, this represents approximately 19.5% of issued and outstanding common shares, rising to approximately 30.5% on a partially diluted basis assuming the exercise of the rights.