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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 Kilnon Feb 14, 2025 10:05am
154 Views
Post# 36453514

3% Royalty - Mine 14

3% Royalty - Mine 14 Valory plan to produce 1.3 million tonnes per year of coking coal.  Coking coal currently sells for around US$220 per tonne.  The royalty is 3%, which equates to US$8.6 million per year or, C$12 million per year - pre tax C$0.18 per share per year.   Valory have the expertise and people to bring Mine 14 into production.  This long-life mine should be in production in 2026, at which time the royalty could be sold to a royalty company. 
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