VANCOUVER, British Columbia, June 18, 2025: REV Exploration Corp. (“REV” or the “Company”) (TSXV: REVX), formerly Gitennes Exploration Inc., is pleased to announce that it has formed a strategic alliance with MAX Power Mining Corp. (CSE: MAXX, www.MaxPowerMining.com) to accelerate the exploration and development of Natural Hydrogen in Western Canada. REV will focus directly on Alberta, advancing its drill-ready Aden Dome Project among other potential initiatives in the province, while enjoying leverage to MAX Power’s success in Saskatchewan (refer to MAX Power news release June 18, 2025).
Highlights
- REV to receive $350,000 from MAX Power over the next 4 months
- REV to immediately receive 4 million shares of MAX Power at deemed price per share of $0.25 and 2 million warrants (25-cent strike price, 3-year expiry), subject to statutory 4-month hold periods
- Technical and marketing collaboration between REV and MAX Power
Jordan Potts, REV Exploration CEO, commented: “This deal with MAX Power demonstrates our team’s ability to effectively monetize assets to the benefit of our shareholders. We see strong potential for Natural Hydrogen discovery and development in Western Canada. REV management views the Aden Dome Project, located along the Alberta-Montana border, as a unique opportunity that could meaningfully impact the company’s future direction.
“Our approach is to concentrate our efforts in Alberta, where we are carving out a niche for Natural Hydrogen, while also gaining exposure to Natural Hydrogen opportunities in Saskatchewan through our transaction with MAX Power. As the dominant Natural Hydrogen player in Saskatchewan, MAX Power is ideally positioned to advance development in that province. This agreement enables each company to focus on its primary jurisdiction, while also facilitating collaboration through the sharing of technical data, geological resources, and coordinated marketing efforts. The strategic partnership is expected to reduce costs, improve operational efficiency, and support project outcomes for both parties,” Mr. Potts concluded.
REV-MAX Power Deal
MAX Power has acquired certain Natural Hydrogen exploration permits for Saskatchewan from REV (these permits are specifically referred to by the government as “Helium and Associated Gases” permits) and REV will transfer to MAX Power any additional permits it receives from the Saskatchewan government for applications posted through the end of May 2025, pursuant to an arms length definitive agreement between the two companies dated June 17, 2025 (the “Agreement”), subject to CSE and TSXV approvals. This Agreement provides REV with cash and share payments as outlined below and is part of a broader strategic alliance between the two companies. There are no finder’s fees associated with this transaction.
MAX Power and REV have also formed a technical collaboration aimed at accelerating exploration and development of MAX Power’s Saskatchewan Natural Hydrogen assets as well as REV’s Natural Hydrogen pursuits in Alberta. The two companies will also cooperate with respect to certain marketing initiatives in order to help maximize exposure for each company on a global scale.
Cash/share terms of the MAX Power/REV deal:
- $150,000 cash payable to REV from MAX Power within 30 days of closing
- An additional $200,000 cash payable to REV from MAX Power within 90 days of closing
- Shares: 4 million shares of MAX Power at a deemed price of $0.25 to be issued to REV upon closing, subject to a statutory 4-month hold period
- Warrants: 2 million warrants of MAX Power to be issued to REV with a strike price of $0.25 and a 3-year expiry date, subject to a statutory 4-month hold period
REX To Launch New Website
REV Exploration is pleased to announce the launching of its new website effective today, June 18, 2025, at www.RevExploration.com. This new site marks the start of a branding and awareness campaign for REV as it focuses on Alberta. Visit the website or click on the following link for an introduction to REV from the Company’s investor relations consultant, Chad Levesque:
https://www.youtube.com/watch?v=b1FjzKVmPeI
About REV Exploration Corp.
REV is a mineral exploration company with gold properties in Quebec, in the heart of the prolific Chibougamau Camp, and Natural Hydrogen interests in Alberta and Saskatchewan. REV is an early mover in Natural Hydrogen in Alberta and has executed an agreement with an arms-length party to acquire 100% of the drill-ready Aden Dome Project along the Alberta-Montana border.
For further information on the Company, readers are referred to the Company’s website at www.RevExploration.com and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.
REV Exploration Corp.
Suite 410 –325 Howe Street,
B.C. V6C 1Z7
Tel: 604-682-7970
REVexploration.com
Jordan Potts
Interim CEO, Director
For further information, please contact:
Chad Levesque
Investor Relations
1-306-981-4753
[email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to, the completion of the Agreement and the presence of naturally occurring hydrogen on the Company’s properties. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including, but not limited to the assumption that all conditions to completion of the disposition will be fulfilled, and including TSX Venture Exchange approval.
REV disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information or otherwise, except as expressly required by applicable securities legislation.
Things are revving up! Keep up-to-date with REV Exploration developments.