20261 release
MAX CLOSES DEBT AND OPTION AGREEMENTS WITH BOLT METALS FOR ITS FLORÁLIA HIGH-PURITY IRON PROPERTY IN BRAZIL
Debt settlement and option agreements with Bolt Metals Corp. covering the Florália High Purity Iron Property (title no. 832.022/2018) in Minas Gerais, Brazil have closed. Under the May 12, 2026 debt settlement for exploration costs, Bolt issued Max 4,000,000 shares and 2,000,000 pre-funded warrants exercisable at $0.001 for 24 months, both subject to a 24-month resale restriction. Bolt may acquire 100% of the property by issuing Max Iron Brazil 26,800,000 Bolt shares in four tranches over 30 months.
Financing