MAXIM POWER CORP. NEW

CALGARY, Alberta, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announces that, pursuant to the Option to Purchase Agreement entered into in February 2022, and subsequently amended and restated in March 2023, it has received notice (the “Notice”) from Valory Resources Inc. (“Valory”) that Valory is exercising its right to purchase the Corporation's wholly-owned subsidiaries Summit Coal Limited Partnership and Summit Coal Inc. (collectively “Summit”). Following receipt of the Notice, MAXIM and Valory have until February 18, 2025 to enter into a Purchase and Sale Agreement (the “PSA”). Closing of the PSA (“Closing”) will be subject to each party satisfying customary closing conditions and is expected to occur in the first half of 2025.» Mehr auf globenewswire.com

Maxim Power's transition to a state-of-the-art 300 MW CCGT plant, backed by $300 million investment, positions it for strong future FCF generation. The company is undervalued, trading at ~50% of its replacement cost and intrinsic value, with a clean balance sheet and minimal debt. Management's significant ownership (70%+) and recent dividend announcement indicate a commitment to shareholder value and prudent capital allocation.» Mehr auf seekingalpha.com

CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Pursuant to the early warning requirements of applicable Canadian securities laws, M. Bruce Chernoff announces that he has acquired, through Alpine Capital Corp. ("Alpine"), an entity majority owned by him, ownership and control of an aggregate of 6,542,928 common shares ("Maxim Shares") of Maxim Power Corp. ("Maxim"), representing approximately 12.9% of the issued and outstanding Maxim Shares (based on 50,554,842 Maxim Shares issued and outstanding prior to the conversion), on conversion of $14,721,588.00 amount of the convertible loan provided by Alpine to Maxim dated September 10, 2019, as amended (the "Convertible Loan") at a conversion price of $2.25 per Maxim Share.» Mehr auf globenewswire.com