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. The meeting saw 31,363,104 common shares voted, representing approximately 24.8% of outstanding shares. Shareholders supported the reappointment of D&H Group LLP as auditors, set the board size at six directors, elected all six nominees, and approved the company's shareholder rights plan. Additionally, Tony Van Burgsteden was appointed to the board of directors. The company also granted 200,000 stock options and 200,000 restricted share units (RSUs) to a director under its existing equity incentive plan.
This shareholder approval is a critical step for MAX Power as it progresses its exploration activities. The company is focused on the shift to decarbonization through innovative mineral and energy exploration. Its flagship 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. 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.
In addition to its Natural Hydrogen projects, MAX Power holds a portfolio of properties in the United States and Canada focused on critical minerals. These are 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 company is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
The appointment of Tony Van Burgsteden to the board brings additional expertise as the company advances its projects. The approved shareholder rights plan is designed to protect the interests of shareholders and ensure fair treatment. For more details, the full press release is available at https://ibn.fm/JMepc.
MAX Power's progress in Natural Hydrogen and lithium exploration positions it at the forefront of the decarbonization trend. The company's extensive land holdings and confirmed discovery provide a strong foundation for future development. Investors can find the latest news and updates at https://ibn.fm/MAXXF.
