MAX Energy Arranges Focused Strategic Personal Placement To Lift Up To $1.65 Million

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VANCOUVER, British Columbia, Would possibly 02, 2024 (GLOBE NEWSWIRE) — MAX Energy Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“Max Power” or the “Company”) proclaims a non-brokered personal placement of as much as 8,500,000 gadgets (the “Units”) of the Corporate at a value of C$0.195 according to Unit (the “Offering Price”) for rude proceeds to the Corporate of as much as C$1,657,500 (the “Offering”) concentrated on strategic buyers.

The Providing is scheduled to similar on or about Would possibly 15, 2024 (the “Closing Date”) and of completion of the Providing is matter to positive situations together with the receipt of all essential approvals, together with the benevolence of the Canadian Securities Alternate (“CSE”).

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Personal Placement Phrases

Each and every Unit will consist of 1 habitual proportion within the capital of the Corporate (a “Share”) and one-half of 1 non-transferable habitual proportion acquire warrant (each and every complete habitual proportion acquire warrant, a “Warrant”). Each and every complete Warrant can be exercisable to obtain one Percentage at an workout worth of CDN$0.30 according to Percentage for a duration of 24 months from the month of issuance, matter to please see acceleration proper.

Acceleration Clause

If, at any occasion then the month of issuance of the Warrant, the last worth of the Corporate’s habitual stocks at the CSE (or such alternative secure change on which the habitual stocks is also traded from occasion to occasion) is at or above CDN$0.50 according to proportion for a duration of 10 consecutive buying and selling days (the “Triggering Event”), during which match the Corporate would possibly, inside 5 days of the Triggering Match, boost up the expiry month of the Warrants by means of giving realize thereof to the holders of the Warrants, by means of information let fall, and in such case the Warrants will expire at the first moment this is 30 calendar days then the month on which such realize is given by means of the Corporate pronouncing the Triggering Match and all rights of holders of such Warrants will probably be terminated with none repayment to such holder.

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Sure insiders of the Corporate would possibly gain Devices within the Providing. Any participation by means of insiders within the Personal Placement would represent a “related party transaction” as outlined underneath Multilateral Device 61-101 Coverage of Minority Safety Holders in Particular Transactions (“MI 61-101”). On the other hand, the Corporate expects such participation can be excused from the formal valuation and minority shareholder benevolence necessities of MI 61-101 because the honest marketplace price of the Devices subscribed for by means of the insiders, nor the honour for the Devices paid by means of such insiders, would exceed 25% of the Corporate’s marketplace capitalization.

Topic to compliance with acceptable regulatory necessities and in keeping with Nationwide Device 45-106 – Prospectus Exemptions (“NI 45-106”), the Providing is being made to clients resident in each and every of the Provinces of Canada, except for Quebec, pursuant to the indexed issuer financing exemption underneath Section 5A of NI 45-106 (the “Exemption”). The securities introduced underneath the Exemption may not be matter to a book duration in keeping with acceptable Canadian securities regulations. There may be an providing record (the “Offering Document”) indistinguishable to the Providing that may be accessed underneath the Corporate’s profile at www.sedarplus.ca and at the Corporate’s website online at: www.MaxPowerMining.com. Potential buyers will have to learn this Providing File sooner than investing determination.

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In reference to the Providing, the Corporate would possibly pay finder’s charges consisting of: (i) money finder’s charges of as much as 7% of the rude proceeds of the Providing; and (ii) finder warrants (“Finder’s Warrant”) in an quantity equivalent to as much as 7% of the collection of Devices issued pursuant to the Providing, exercisable at a value of $0.30 according to habitual proportion for a duration of 24 months following the last month of the Providing which can be matter to the above acceleration clause.

The Corporate plans to importance the online proceeds of this financing for exploration, analysis of unutilized useful resource tasks, common and administrative bills which is able to come with budget for advertising and marketing and investor family members charges and money for operating capital.

This press let fall shall now not represent an deal to promote or the solicitation of an deal to shop for securities in the US, nor shall there be any sale of the securities in any jurisdiction during which such deal, solicitation or sale can be illegal. The securities being introduced have now not been, nor will they be, registered underneath the US Securities Work of 1933, as amended (the “1933 Act”) or underneath any U.S. climate securities regulations, and might not be introduced or bought in the US absent registration or an acceptable exemption from the registration necessities of the 1933 Work, as amended, and acceptable climate securities regulations.

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About MAX Energy

MAX Energy is a dynamic exploration degree useful resource corporate concentrated on home lithium sources to move North The usa’s renewable power potentialities era reviewing alternative strategic alternatives within the world shift to decarbonization. MAX has additionally entered right into a cooperative analysis and building pledge with the College of California Lawrence Berkeley Nationwide Laboratory (LBNL) to manufacture cutting-edge direct lithium extraction (DLE) applied sciences for brine sources.

By and for the Board of Administrators

“Rav Mlait”

CEO
MAX Energy Mining Corp.

MarketSmart Communications at 877-261-4466.

Corporate Touch data@maxpowermining.com, 778-655-9266

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES

Ahead-Having a look, Cautionary Statements

This press let fall comprises ahead browsing statements inside the that means of acceptable securities regulations. The importance of any of the phrases “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and homogeneous expressions are meant to spot ahead browsing statements. Specifically, this press let fall comprises ahead browsing statements regarding, with out limitation, statements with regards to the Providing (together with with appreciate to the timing and last of the Providing). Even supposing the Corporate believes that the expectancies and suppositions on which the forward-looking statements are primarily based are affordable, undue reliance will have to now not be positioned at the forward-looking statements for the reason that Corporate can not give any pledge that they are going to end up proper. Since ahead browsing statements cope with day occasions and situations, they contain inherent suppositions, dangers and uncertainties. Fresh effects may range materially from the ones these days expected because of various suppositions, components and dangers. Those suppositions and dangers come with, however don’t seem to be restricted to, suppositions and dangers related to the receipt of regulatory or shareholder approvals, and dangers indistinguishable to the climate of monetary markets or day metals costs.

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Control has supplied the above abstract of dangers and suppositions indistinguishable to ahead browsing statements on this press let fall to bring to grant readers with a extra complete standpoint at the Corporate’s day operations. The Corporate’s fresh effects, efficiency or fulfillment may range materially from the ones expressed in, or implied by means of, those forward-looking statements and, accordingly, incorrect pledge will also be for the reason that any of the occasions expected by means of the forward-looking statements will transpire or happen, or if any of them achieve this, what advantages the Corporate will derive from them. Those forward-looking statements are made as of the month of this press let fall, and, alternative than as required by means of acceptable securities regulations, the Corporate disclaims any intent or legal responsibility to replace publicly any forward-looking statements, whether or not because of unutilized data, day occasions or effects or differently.

Neither the Canadian Securities Alternate nor its Law Products and services Supplier accepts accountability for the adequacy or accuracy of this let fall.

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