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Maxim Power Corp T.MXG

Alternate Symbol(s):  MXGFF

Maxim Power Corp. is an independent power producer. The Company is focused entirely on power projects in Alberta. Its core asset, the 300 megawatts (MW) H.R. Milner Plant, M2, in Grande Cache, AB, is a combined cycle gas-fired power plant. The Company continues to explore additional development options in Alberta, including its permitted gas-fired generation projects and the permitting of its wind power generation project. Its Milner 2 (M2) power plant is a 204 MW natural gas-fired turbine generator located at the HR Milner Generating Station site near Grande Cache, Alberta. Its HR Milner Generating Station (Milner 1 or M1), located near Grande Cache, Alberta, is a 150 MW dual fuel steam turbine generator capable of burning both natural gas and coal.


TSX:MXG - Post by User

Post by longrun86on Sep 08, 2023 1:02am
254 Views
Post# 35625523

Maxim - Future Plans

Maxim - Future PlansOnce Milner is fully up and running (I am expecting an update any day now), it will be interesting to see where Maxim sees its future going.

From a timing perspective, they will finally be looking at opportunities where valuation multiples have come down and free debt is no longer being thrown at projects. I like the growth opportunities if they choose to go down this route.

I expect this to become more clear within the next 9 to 12 months and in the meantime, I would be pleased if they thought about shareholders in the form of a small special dividend.

LR

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