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VANCOUVER, British Columbia, Nov. 24, 2022 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX) (“MAX Power” or “Company”) is pleased to announce that the Company is actively considering opportunities to acquire or develop projects in the lithium industry. This may include acquiring lithium properties or technologies and processes related to lithium extraction. The company is in the advanced stage of negotiations on specific projects.
Mr. Rav Mlait, CEO of MAX Power, commented: “Lithium is a key ingredient in batteries that are integral components of the next generation of cars, aircraft, electronic devices and grid energy storage. There is a very large supply shortfall and the reality of increased demand, which must be paid for in a number of years and beyond. We have reviewed the properties and technological processes of interest. MAX Power is well-funded and well-positioned to take the next steps to growth.”
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Investors are cautioned that there can be no assurance that any potential acquisition negotiations will be successful.
About MAX Power
MAX Power is a dynamic exploration-stage resource company currently engaged in the identification, acquisition and exploration of high-end projects in mining-friendly jurisdictions. Its current focus is the Nicobat Project in the Rainy River district of Northwestern Ontario, home to New Gold’s Rainy River gold mine.
Contact: email@example.com or 778-655-9266
Forward-Looking Statements: This press release contains “forward-looking information or statements” within the meaning of Canadian securities laws, which may include, but are not limited to, statements regarding the date of initial trading of the Company’s common stock and its future business. plans. All statements in this release are forward-looking statements, except for statements of historical fact that relate to events or developments that the Company expects to occur. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects.” , “potential” and similar expressions or the events or conditions of “will”, “will”, “may”, “could” or “should”. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. The Company does not undertake to update any forward-looking statements or forward-looking information, except as required by law.