Maxim Power Corp. - Maxim Power Corp. Receives Notice from Valory Resources Inc. to Exercise the Option to Purchase Summit Coal

News Releases

February 11, 2025 - News

Maxim Power Corp. Receives Notice from Valory Resources Inc. to Exercise the Option to Purchase Summit Coal

CALGARY, ALBERTA – 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”).

November 7, 2024 - News

Maxim Power Corp. Declares a Special Dividend of $0.50 per Share and Announces 2024 Third Quarter Financial and Operating Results, Amendment of the Senior Credit Facility, and Conversion and Termination of the Convertible Loan Facility

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the declaration of a $0.50 per share special dividend, the release of financial and operating results for the third quarter ended September 30, 2024, an amendment of the Senior Credit Facility, and conversion and termination of the Convertible Loan Facility.

October 17, 2024 - News

Maxim Power Corp. Announces Voluntary Repayment of Senior Credit Facility

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the voluntary repayment of amounts owing within the Senior Credit Facility.

September 11, 2024 - News

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

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

August 6, 2024 - News

Maxim Power Corp. Announces 2024 Second Quarter Financial and Operating Results

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, 2024.

June 5, 2024 - News

Maxim Power Corp. Announces Board of Directors Election Results and M2 CCGT Operations Update

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the final director election results from its 2024 annual general meeting of shareholders held on June 5, 2024 (the “Meeting”).

May 7, 2024 - News

Maxim Power Corp. Announces 2024 First Quarter Financial and Operating Results with Revenue of $35 million and Net Income of $10 million

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, 2024.

March 14, 2024 - News

Maxim Power Corp. Reports Successful Operations of the CCGT Expansion of M2 with Revenue of $41 million and Net Income of $28 million in 2023

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the fourth quarter and year ended December 31, 2023.

December 13, 2023 - News

Maxim Power Corp. Appoints Mr. Robert Emmott as CEO

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today that Mr. Robert (Bob) Emmott will be transitioning to President and Chief Executive Officer (“CEO”), assuming the CEO role from Mr. M. Bruce Chernoff, effective January 1, 2024.

November 6, 2023 - News

Maxim Power Corp. Announces 2023 Third Quarter Financial and Operating Results

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the third quarter and nine months ended September 30, 2023.