MAX Power Mining (CSE: MAXX) (OTC: MAXXF) (FRANKFURT: 89N) has closed a non-brokered private placement, raising gross proceeds of $5 million (CDN) from a strategic partnership with Big Energy, an affiliate of Vietnam-based Bitexco. This marks the first large investment by a Vietnam-based company in Saskatchewan’s natural resources sector and underscores growing international interest in natural hydrogen as a clean energy source.
The investment will support accelerated exploration and potential commercial development of natural hydrogen across MAX Power’s 1.3 million-acre permitted land package in Saskatchewan. The company has built a dominant district-scale land position in the rapidly growing Natural Hydrogen sector, with high-priority drill targets identified for commencement in Q4 2025. Natural hydrogen, also known as white or gold hydrogen, is a naturally occurring, zero-carbon energy source that has attracted attention as a potential game-changer for decarbonization.
MAX Power CEO John Lewins stated, “This strategic partnership with Bitexco affiliate Big Energy validates our vision and positions us to advance our natural hydrogen discovery efforts within what is emerging as a new primary clean energy sector.” The company’s focus on natural hydrogen aligns with the global shift toward decarbonization, and this investment provides the capital needed to accelerate drilling and exploration activities.
In addition to its natural hydrogen projects, MAX Power holds a portfolio of properties in the United States and Canada focused on critical minerals. These include the Willcox Playa Lithium Project in southeast Arizona, where a diamond drilling discovery was made in 2024. The company continues to explore opportunities in both natural hydrogen and critical minerals, leveraging its expertise and land positions to drive value.
The private placement and partnership come at a time when the natural hydrogen sector is gaining momentum. Several countries and companies are investing in exploration and development, recognizing the potential for natural hydrogen to complement green hydrogen produced via electrolysis. MAX Power’s extensive land package in Saskatchewan, a province known for its mining and energy history, positions it as a key player in this emerging industry.
The full press release is available at https://ibn.fm/gbTXo. For the latest news and updates relating to MAX Power, visit the company’s newsroom at https://ibn.fm/MAXXF.
This strategic investment not only provides capital for exploration but also establishes a cross-border partnership that could pave the way for future collaboration in clean energy technologies. As MAX Power prepares to drill its first natural hydrogen wells in late 2025, the company is poised to contribute to the development of a new primary energy source that could significantly reduce carbon emissions.
