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Maxim Power Corp T.MXG

Alternate Symbol(s):  MXGFF

Maxim Power Corp. is a Canada-based independent power producer, which is focused entirely on power projects in Alberta. The Company acquires or develops, owns and operates power and power related projects in Alberta. The Company’s core asset is the 300-megawatt (MW) H.R. Milner Plant, M2, in Grande Cache, AB, which is a combined cycle gas-fired power plant. It also explores additional development options in Alberta, including its permitted gas-fired generation project and the permitting of its wind power generation project. The Combined Cycle Gas Turbine (CCGT) expansion of M2 captures waste heat that would otherwise exhaust into the atmosphere and converts it into low carbon dispatchable electricity for the Alberta power grid. In total, it has about 600 MW of natural gas and wind development projects at various stages. Summit Coal LP is a wholly owned subsidiary of the Company that owns metallurgical coal leases for Mine 14 and Mine 16S located north of Grande Cache, Alberta.


TSX:MXG - Post by User

Post by longrun86on Sep 08, 2023 1:02am
317 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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