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VANCOUVER, British Columbia, Aug. 21, 2023 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is pleased to report significant early progress in its co-operative research and development agreement (CRADA) with Lawrence Berkeley National Laboratory (Berkeley Lab, LBNL), a California-based U.S. Department of Energy laboratory managed by the University of California, to develop state-of-the-art direct lithium extraction (DLE) technologies for brine resources (refer to May 15, 2023 news release).

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Dr. Brett Helms and Dr. Michael Whittaker, two pre-eminent American research scientists at Berkeley Lab working in collaboration with MAX Power, are leading potential groundbreaking technology development focused on novel pre-treatment methods and a membrane-based approach to lithium extraction from a diverse range of brine resources in the United States and Canada (see video interview links with Helms and Whittaker included in this news release). Simultaneously, MAX Power is advancing a potential district- scale lithium brine/claystone project at the Willcox Playa in Arizona, southeast of Phoenix.

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MAX Power and LBNL are incorporating innovative methods and novel materials into the DLE process to help unlock lower grade and challenging brine resources, lower production costs, and allow for higher throughput as an effective alternative to existing methods.

Highlights:

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Dr. Helms, co-founder of two deep tech Bay Area start-ups and award winner of the 2022 World Materials Forum’s start-up challenge, stated, “A key to our success at this stage comes from the polymers having the ability to passively and selectively concentrate lithium. We see significant opportunities for the membrane-based approach we’re developing to offer advantages over existing approaches, in particular higher throughput with respect to volume. This is particularly important for brine resources, where the amount of lithium may be low.”

Mr. Rav Mlait, MAX Power CEO, commented: “Our partnership with Berkeley Lab has allowed MAX Power to develop new processes in the rapidly growing technology side of the booming lithium sector. Lithium production from DLE is expected to grow 12-fold by 2032, accounting for about 15% of total supply, according to Benchmark Mineral Intelligence. Lithium extraction from battery recycling also has outstanding potential. With a lithium asset in Arizona, a lithium extraction technology component in California, and increasingly exciting hard rock lithium discovery opportunities in Quebec, MAX Power has carved out a niche for itself in this growing sector.”

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Video Interview – Dr. Brett Helms

Dr. Helms’ research program at Berkeley Lab is devoted to materials discovery and development to solve outstanding challenges in energy and sustainability, including membranes for efficient ion separations relevant to resource extraction, refining, and circularity. He is co-founder of Bay Area start-ups Sepion Technologies and Cyklos Materials. At Cyklos, his award-winning innovations in PDK circularity have been featured in print, radio, television, on the web. Dr. Helms is a Kavli Fellow (2019) and co-inventor on more that 30 patents on performance polymers. He is deeply committed to solving problems in energy and sustainability through the development of better materials and lower-carbon manufacturing processes.

Link to interview:
https://vimeo.com/855794138?share=copy

Video Interview – Dr. Michael Whittaker

Dr. Whittaker is a research scientist in the Energy Geoscience and Materials Science Divisions at Berkeley Lab. He is also co-founder and Director of the Lithium Resource Research and Innovation Center (LIRRIC) (https://lirric.lbl.gov/). Berkeley Lab established LIRRIC to power lithium innovation and guide research and development into lithium extraction technologies so that science breakthroughs lead to the greatest economic and environmental benefits. He is Principal Investigator of the Minerals for Energy Storage (MINES) Project, and Group Leader of the Living Minerals Team (https://livingmineral.lbl.gov/).

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Link to interview:
https://vimeo.com/855784644/e2e4c97a8c?share=copy

About MAX Power

MAX Power is a dynamic exploration stage resource company targeting domestic lithium resources to advance North America’s renewable energy prospects. MAX has also entered into a cooperative research and development agreement with the University of California Lawrence Berkeley National Laboratory (LBNL) to develop state-of-the-art direct lithium extraction (DLE) technologies for brine resources.

Contact: info@maxpowermining.com

MarketSmart Communications at 877-261-4466.

Forward-Looking Statement Cautions

Neither the Canadian Securities Exchange nor its Regulation Services Provider, (as the term is defined in the ‎Policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this ‎release. This press release includes certain “forward-looking information” and “forward-looking ‎statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian ‎securities legislation. All statements, other than statements of historical fact, included herein, without ‎limitation, statements relating to the future operating or financial performance of the Company, are ‎forward-looking statements. Forward-looking statements are frequently, but not always, identified by ‎words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and ‎similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” ‎occur or be achieved. Forward-looking statements in this press release relate to, among other things: ‎statements relating to the CRADA, and any particular outcomes thereof. Actual future results may differ materially. There can be no assurance that ‎such statements will prove to be accurate, and actual results and future events could differ materially ‎from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions and ‎projections on the date the statements are made and are based upon a number of assumptions and ‎estimates that, while considered reasonable by the respective parties, are inherently subject to significant ‎business, technical, economic, and competitive uncertainties and contingencies. Many factors, both ‎known and unknown, could cause actual results, performance or achievements to be materially different ‎from the results, performance or achievements that are or may be expressed or implied by such forward-‎looking statements and the parties have made assumptions and estimates based on or related to many of ‎these factors. Readers should not place undue reliance on the forward-looking ‎statements and information contained in this news release concerning these times. Except as required by ‎law, the Company does not assume any obligation to update the forward-looking statements of beliefs, ‎opinions, projections, or other factors, should they change, except as required by law.‎

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/27efa934-fd47-4645-add3-b0b48694cf25

https://www.globenewswire.com/NewsRoom/AttachmentNg/3fab025c-b92f-47cd-8b35-9d8de3003a08

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