Mentioned:
Eric Sprott is doubling down on a natural hydrogen stock in Canada. But, why?
What’s happening:
- MAX Power Mining (CSE: MAXX) has successfully raised $20.5M CAD in a new equity financing round
By the numbers:
- MAX Power Mining issued approximately 15.8M common shares at $1.30 CAD per share as part of the new funding round
Why it matters:
- Billionaire mining financier and entrepreneur Eric Sprott led MAX Power Mining’s new capital raise with an investment of $4.3M CAD
Going deeper:
- MAX Power Mining just recently made waves when they confirmed a subsurface natural hydrogen system after successfully testing a well drilled near Central Butte, Saskatchewan that contained natural hydrogen of 286,000 parts per million and free flowing gas to the surface
- Eric Sprott is one of the single largest investors in MAX Power Mining and also previously bought 600,500 common shares in the open market
