News Releases


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”)


August 20, 2021 - 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, 2021 - News

Maxim Power Corp. Announces 2021 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, 2021.


June 30, 2021 - News

Maxim Power Corp. Announces Milner 2 CCGT Project EPC Contract and Financing Arrangements

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today that it is proceeding with the Corporation’s project to expand M2 into a combined cycle gas turbine (“CCGT”) facility through the installation of heat recovery technology.


May 31, 2021 - News

Maxim Power Corp. Announces New Board Member, Receipt of the Line Loss Payment, AGM Election Results and Project Update

CALGARY, ALBERTA – Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today that the Corporation has received the third and final scheduled Line Loss Proceeding payment in the sum of $18.6 million from the Alberta Electric System Operator, relating to the years 2006 to 2009.


May 11, 2021 - News

Maxim Power Corp. Announces 2021 First 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 first quarter ended March 31, 2021.


March 18, 2021 - News

Maxim Power Corp. Announces 2020 Fourth 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 fourth quarter ended December 31, 2020.