Lithium in the Heart of the American West

• First-ever diamond drilling has confirmed the discovery of near-surface lithium-rich clays over a broad area of state-leased ground
• Notably, the high-grade hectorite-saponite mix of lithium in the clays within the sediments at Willcox is amenable to a straightforward separation process as demonstrated by the Lawrence Berkeley National Laboratory in California (“Berkeley Lab”) where samples in the clay fraction from the Discovery Zone also averaged 1,243 ppm lithium through initial testing using a particle size that can be reasonably expected to gravitationally separate in a full-scale commercial mining process
• Each of the first three triangular-spaced drill holes in the northern section of MAX Power’s property, the Discovery Zone covering an area 1,640 feet x 1,640 feet x 2,300 feet, intersected lithium at shallow levels over significant widths, including 15.5 feet grading 775 ppm lithium within a broader whole rock interval of 184 feet averaging 571 ppm lithium in drill hole WP-23-02
• This early-stage discovery remains open in all directions with MAX Power also exploring options to expand its land package
• Based on a compilation of MAX Power’s work to date, and historical data, geologists believe the Discovery Zone represents just a fraction of the scale potential of Willcox with higher-grade mineralization expected in areas of increased clay content
• The next drill holes at Willcox are planned for the southern portion of the Property where the largest and most intense low resistivity anomaly has been detected, overlain by a very low gravity anomaly (BLM drill permits have been received for this very promising area)
• MAX Power’s land package covers a 6-mile-long northeast trending corridor (3,754 acres) along the eastern side of the broader 50 sq. mile Playa. Much of the rest of the Playa is leased by the U.S. Defense Department from the Bureau of Land Management (BLM)
• The entire Playa, which up until MAX Power’s program had never been previously diamond drilled, is now believed to be prospective for a potentially very large lithium deposit surrounded by top tier infrastructure including roads, rail, power and services located immediately off Interstate 10 in southeast Arizona, leading to Tucson and Phoenix

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