MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has initiated the commercial validation phase at its 28-square-kilometer Lawson Complex in Saskatchewan, host to Canada's first subsurface natural hydrogen discovery. The company spudded the Lawson 2-24 well, targeting a large structural closure identified through a recent 3D seismic survey, with drilling expected to reach the primary target zone in approximately two weeks. The program aims to evaluate key commercial metrics including flow, pressure behavior, continuity, concentrations, deliverability, and scalability.
The company also reported encouraging helium potential at Lawson after sealed core tube gas samples from the discovery well returned helium values of up to 8.7%, with additional analysis expected later this month. Separately, MAX Power engaged Hampton Securities Ltd. for a 90-day, non-exclusive capital markets advisory engagement under a one-time cash fee of $400,000.
This development marks a significant step for natural hydrogen exploration in North America. Natural hydrogen, also known as white hydrogen, is a potential clean energy source that could reduce reliance on fossil fuels. The successful validation of commercial flow rates and scalability at Lawson could pave the way for a new hydrogen industry in Canada. MAX Power's dominant district-scale land positions across Saskatchewan, with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground, position the company as a key player in the emerging natural hydrogen sector.
The company also holds a portfolio of properties in the United States and Canada focused on critical minerals, highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power's U.S. subsidiary. This diversification into both natural hydrogen and critical minerals aligns with global decarbonization trends.
The engagement of Hampton Securities Ltd. for capital markets advisory underscores MAX Power's commitment to advancing its projects and attracting investment. The one-time fee of $400,000 reflects the company's strategic focus on shareholder value and project development.
For more information, visit the full press release at https://nnw.fm/2S1Nu and the company's newsroom at https://nnw.fm/MAXXF.
