News Releases


December 13, 2022 - News

Maxim Power Corp. Provides Updates on the M2 Return to Service, CCGT Expansion Project and Insurance Information

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) provides an update regarding the return to service of the Milner 2 (“M2”) facility following the non-injury fire incident (the “Incident”) that occurred on September 30, 2022, a project update on the Combined Cycle Gas Turbine (“CCGT”) expansion of M2, and an update on insurance information related to the Incident.


November 8, 2022 - News

Maxim Power Corp. Reports Continued Strong Earnings with Revenue of $141 million and Net Income of $49 million in the First Nine 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 third quarter and nine months ended September 30, 2022.


October 5, 2022 - News

Maxim Power Corp. Provides Update on Non-Injury Fire Incident at M2

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) provides an update to the non-injury fire incident at Milner 2 (“M2”) that occurred on September 30, 2022.


October 2, 2022 - News

Maxim Power Corp. Reports Fire Incident at Milner 2

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX:MXG) responded to a fire at its 204 MW Milner 2 (“M2”) facility located near Grande Cache, Alberta.


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.