Maxim Power Corp T.MXG

Alternate Symbol(s): MXGFF

Utilities Utilities - Independent Power Producers

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.

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Maxim Power Corp

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Comment by tinkvidon Jan 03, 2025 11:11am

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Post# 36386125

RE:Take Private Math - Just for Fun

I bought after the EX Div date and waited for the Divy to replenish my cash holdings....I actually thought it would sell off further.

Waiting on the Permit to be officially received for MINE 14 but that's in the hands of the Alberta Energy Regulator. Could be any day or month(s). Need to see some news on Valory Resources.

Wonder Valley is just one of many Data Center projects attracting hyperscalers to Alberta.

https://www.alberta.ca/artificial-intelligence-data-centres-strategy

https://www.msn.com/en-ca/money/topstories/varcoe-new-750m-data-centre-to-be-built-in-calgary-area-the-largest-in-alberta/ar-AA1t7BeK?ocid=BingNewsVerp

The two Largest shareholders are very prominent business figures in the Alberta energy sector and have guided and funded Maxim Power Corpthrough tough times and good times, without selling a share. $8.00 per share, althought nice, I think they will want a higher takeout price. Capital Power, TransAlta, Atco, Constellation Energy or Altalink could be kicking the tires?

These two shareholders have a history of building a company and selling at a premium. The special divy in my mind was a sign of things to come.

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