News Releases


Archive: ‘News’ Category

September 21, 2022 - News

Maxim Power Corp. Provides M2 Operations and CCGT Project Updates

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) provides updates on its 204 MW Milner 2 (“M2”) operations and the Combined Cycle Gas Turbine (“CCGT”) expansion of M2 project.


August 24, 2022 - News

Maxim Power Corp. Announces TSX Acceptance of Normal Course Issuer Bid

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) announced today that it has received approval from the Toronto Stock Exchange (“TSX”) to proceed with a normal course issuer bid (“NCIB”).


August 11, 2022 - News

Maxim Power Corp. Reports Continued Strong Earnings with $84 million of Revenue and $25 million of Net Income in the First Six Months of 2022

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the second quarter ended June 30, 2022.


July 14, 2022 - News

Maxim Power Corp. to receive $20 million Grant Funding for Waste Heat Recovery on Milner 2 CCGT Expansion Project

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG), through a wholly-owned subsidiary, to receive $20 million grant funding (the “Grant”) for waste heat recovery on the Milner 2 (“M2”) Combined Cycle Gas Turbine (“CCGT”) expansion project, and provides updates on its normal course issuer bid (“NCIB”) program and senior credit facility.


June 14, 2022 - News

Maxim Power Corp. Announces New Board Member and Annual General and Special Meeting Election Results

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) is pleased to announce the appointment of Ms. Andrea Whyte to the Board of Directors of the Corporation, effective June 14, 2022.


May 10, 2022 - News

Maxim Power Corp. Reports Continued Strong Earnings with $36 million of Revenue and $17 million of Net Income in the First Quarter of 2022

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the first quarter ended March 31, 2022.


March 15, 2022 - News

Maxim Power Corp. Announces 2021 Fourth Quarter Financial and Operating Results, and Reports Significant Earnings with $156 million of Revenues, $79 million of Net Income and Record Adjusted EBITDA of $68 million in 2021

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the fourth quarter ended December 31, 2021.


December 23, 2021 - News

Maxim Power Corp. Provides M2 Operations Update, CCGT Project Update and Updated Investor Presentation

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) provides an update on its 204 MW Milner 2 (“M2”) operations, the combined cycle gas turbine (“CCGT”) expansion of M2 project, and updated Investor Presentation.


November 9, 2021 - News

Maxim Power Corp. Announces 2021 Third Quarter Financial and Operating Results, and Reports Significant Earnings with $52 million of Adjusted EBITDA in the First Nine Months of 2021

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the third quarter ended September 30, 2021.


September 20, 2021 - News

Maxim Power Corp. Announces the Re-Filing of 2021 Second Quarter Financial Information and Project Updates

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) announced today the re-filing of the June 30, 2021 unaudited condensed consolidated interim financial statements and Management’s Discussion and Analysis (“MD&A”)