MAX Power Confirms Lead Target for Canada's First Dedicated Natural Hydrogen Well

Executive Summary

• MAX Power Mining Corp. announced the identification of a “Lawson” test‑of‑concept drill target—the first deep well in Canada specifically aimed at Natural Hydrogen—located on its 200‑km Genesis Trend in southern Saskatchewan.
• Well licensing is expected to be filed imminently with spudding planned for Q4 2025, initiating a multi‑well program across ~1.3 million acres of permitted land (plus an additional 5.7 million acres under application).
• The target meets all five critical elements for a Natural Hydrogen accumulation (source, migration pathway, reservoir, seal, trap) and benefits from a regional “Salt Barrier” evaporite seal, providing a strong geological case for commercial viability.

Key Details

• Target Name & Concept: “Lawson” – designated as a test‑of‑concept well for Natural Hydrogen; first of multiple planned wells on the Genesis Trend.
• Location: Central Genesis Trend, southern Saskatchewan; situated northwest of the Regina‑Moose Jaw Industrial Corridor and proposed Hydrogen Hub.
• Geological Rationale: Integrated datasets (≈180 line‑km 2D seismic, aeromagnetics, gravity, subsurface mapping, historic well gas analyses, helium/hydrogen data, core samples) indicate presence of source rocks, migration pathways, porous Cambrian “Deadwood” sands, and a robust evaporite seal (“Salt Barrier”).
• Five‑Element System Confirmed: Source rocks, migration pathways, reservoirs, seals, traps—all identified; 4‑way closure also present.
• Licensing & Timeline: Well licence application to be submitted imminently (approval expected by October 2025); spudding targeted for Q4 2025 followed by flow‑testing as warranted.
• Program Scope: Multi‑well exploration across ~1.3 million acres of permitted land (largest Natural Hydrogen package in Canada) with an additional 5.7 million acres under application; at least 20 “Lawson‑style” look‑alike targets identified along the trend.
• Strategic Context: Global majors are increasing investment in Natural Hydrogen; Saskatchewan offers infrastructure, supportive policy, and proximity to potential end‑users (industrial corridor).
• RSU Grant Disclosure: Company granted 1,000,000 restricted stock units to a consultant; vesting terms to be set by management.

Notable Quotes

• Steve Halabura, Chief Geoscientist: “Unlocking Lawson will de‑risk at least 20 potential look‑alikes along the Genesis Trend… Lawson checks the five boxes we look for in a Natural Hydrogen system.”
• Mansoor Jan, CEO: “Lawson marks our shift from planning to execution. Beginning in Q4 2025, we will undertake a disciplined drilling program to validate what we believe is a very robust geological model.”