Max Power Mining Corp. (MAXX) Financials
CSE: MAXX · Hydrogen · Exploration stage
- Market cap$455.1M
- Share price$2.32
- 52-week range$0.490 – $3.80
- Shares outstanding196,144,231
- ExchangeCSE
- Properties12
- Websitewww.maxpowermining.com
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The Company’s Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface Natural Hydrogen system confirmed through deep drilling with data validated by three independent labs. MAX Power has built dominant district-scale land positions across Saskatchewan with approximately 2 million acres (~809,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen, and has commenced a multi-well follow-up drill program to validate the commerciality of the broader Lawson Complex interpreted to cover a 28 sq. km area along the 475-km Genesis Trend. MAX Power also holds a significant equity position in Homeland Critical Minerals, which now owns the Willcox Project in Arizona, a lithium discovery confirmed in early 2024 by MAX Power. MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
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Max Power Mining Corp. financial statements
Key figures read from 19 of 19 financial statement filings, Apr 20, 2022 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$4,726,921 | C$839,255 | C$990,160 | C$4,351,927 | C$413,109 |
| Total current assets | C$5,285,081* | C$906,294* | C$1,601,472* | C$4,713,501* | — |
| Exploration and evaluation assets | C$3,516,734 | C$1,524,125 | C$9,153,106 | C$1,979,339 | — |
| Total assets | C$8,801,815 | C$2,430,419 | C$10,754,578 | C$6,692,840 | C$499,383 |
| Total liabilities | C$1,358,977 | C$95,420 | C$400,753 | C$7,634 | C$94,263 |
| Shareholders' equity | — | C$2,334,999 | C$10,353,825 | C$6,685,206 | C$405,120 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | C$0 |
| Exploration and evaluation expense | C$4,463,962 | C$1,503,158 | C$1,806,474 | C$335,863 | C$18,348 |
| General and administrative | C$1,398,185 | C$717,555 | C$550,743 | C$417,891 | C$3,578 |
| Share-based compensation | C$4,118,462 | C$801,912 | C$1,083,050 | C$1,264,999 | C$83,570 |
| Net income (loss) | (C$13,064,281) | (C$11,966,164) | (C$5,207,583) | (C$2,273,796) | (C$163,450) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|
| Operating cash flow | (C$3,981,152) | (C$1,370,726) | (C$71,891) |
| Investing cash flow | (C$674,305) | — | — |
| Financing cash flow | C$1,293,690 | — | C$485,000 |
| Exploration spending (capitalized) | (C$674,305) | — | — |
| Proceeds from share issues | (C$30,613) | — | — |
| Change in cash | (C$3,361,767) | C$3,938,818 | C$413,109 |
| Cash at end of period | C$990,160 | C$4,351,927 | C$413,109 |
No financings are on record for Max Power Mining Corp. yet.
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