Lithium in the Heart of the American West

• MAX Power is drilling into a new lithium discovery with considerable scale and grade potential at its Willcox Playa Project in southeast Arizona
• Diamond drill hole WP-23-02, a 1,640-foot (500-meter) step-out to the west of discovery hole WP-23-01, has intersected a predominant lithium claystone sequence from the top of the hole to the base of the hole at 998 feet, further supporting the potential for a very large system of lithium-rich clays under the Willcox Playa
• Similar to WP-23-01, multiple distinct fluid sequences were also encountered in WP-23-02 at depths of 112, 358, 458 and 598 feet. Notably, these non-potable liquid targets have the potential to host lithium mineralization which adds to the uniqueness of the geological setting
• Guidance from a Laser Induced Breakdown Spectroscopy Z-903 (LIBS) portable handheld tool suggests the lithium mineralization in the claystones in both drill holes completed to date is significantly more intense and pervasive than the encouraging results reported by the USGS in its historic 1978 reverse circulation test drill hole completed 5.5 miles northwest of WP-23-02 and 6 miles northwest of WP-23-01
• MAX Power’s third drill hole, commencing shortly, will be another 1,640-foot step-out, this time to the south relative to WP-23-02. This third hole will form a triangle measuring approximately 1,640 feet by 1,640 feet by 2,300 feet

James Bay Lithium District Highlights

• MAX Power owns a 100% interest in two properties totaling nearly 100 sq. km (Corvette Lake North and Corvette Lake South) located adjacent to Patriot Battery Metals’ (PMET’s) Corvette Property discoveries.
• MAX Power’s Corvette Lake North and South properties cover 189 mineral claims spanning a total of 9,709 hectares in this world class lithium district in the James Bay region of Quebec.
• Rio Tinto, one of the largest mining companies in the world now searching for lithium, recently entered into agreements to acquire up to a 70% interest in two properties in close proximity to MAX Power in James Bay (contiguous to Corvette South and adjacent to Corvette North, see map below). The agreements contemplate an aggregate value of up to $115.7-million in expenditures and cash payments.
• MAX Power has identified multiple radiometric anomalies from preliminary first-ever airborne survey data covering approximately two-thirds of its Corvette Lake North Lithium Property to date. Multiple surface samples were also collected in late Q3 with assays pending.
• Excellent infrastructure and access – the Corvette Lithium Camp is located within 19 km from all-weather road access and 18 km from James Bay Hydro power lines.
• James Bay is strategically located in a favored jurisdiction (Quebec) to provide domestic supply of lithium to North America.

Nunavik Lithium District Highlights

• MAX Power is a leader in the pursuit of new high-grade lithium deposits in a vastly under-explored part of Quebec known as Nunavik which occupies the top third of the province (~500,000 sq. km). This region, which currently hosts two operating nickel mines, is now considered highly prospective for spodumene bearing lithium pegmatite deposits based on an extensive review of historical and recent exploration data.
• MAX Power is the largest landowner in the Raglan South Lithium Camp (336 sq. km) where it has captured approximately 80% of the nearly 60-km-long northern portion of the district straddling a major tectonic boundary. MAX owns another 226 sq. km in the Raglan district at Raglan West, followed by a large position in the New Leaf Camp in southern Nunavik with the Spark Property (184 sq. km).
• Privately-owned KoBold Metals, which recently raised $195 million (U.S.) and is funded partly by Bill Gates, Jeff Bezos and Richard Branson, is actively drilling for a new battery metals discovery in Nunavik in the Cape Smith Nickel Belt. KoBold’s land package begins approximately 10 km north of MAX Power’s Raglan South Lithium Project.
• MAX Power’s Nunavik properties were carefully selected at the beginning of the Nunavik lithium staking rush in 2023 based on robust geochemistry (some of the best lithium and cesium values in lake bottom sediments in the entire Quebec government database), favorable geology and geophysics, and historically mapped pegmatites. Very little exploration has occurred in Nunavik outside of the Cape Smith Nickel Belt, one of the world’s premier nickel belts, which includes Quebec’s largest nickel mine (Raglan) operated by Glencore.
• MAX Power teamed up with GroundTruth Exploration to carry out an innovative 2023 Nunavik exploration program with results pending.
• MAX Power’s Spark Property, which features an approximate 3-km-long, 300-meter wide pegmatite structure that was never historically sampled for lithium (Assessment Report GM57402), is located 500 km directly north of Patriot Battery Metals’ Corvette deposit and MAX’s adjacent Corvette Lake North Property in the prolific James Bay district.

We’re entering an exciting time with MAX Power and we want to ensure you’re kept up to speed with everything that’s going on. Whether you have a question, would like more information or simply want to be added to our email list to receive all of the latest updates on MAX Power, be sure to sign up to keep in the know!

Investor Relations

Adrian Sydenham
info@marketsmart.ca
Toll-free:1-877-261-4466