MAX Power Begins Historic Drilling of Canada's First-Ever Natural Hydrogen Well

Executive Summary

• MAX Power Mining Corp. began drilling Canada’s first natural hydrogen well at the Lawson target on the Genesis Trend in Saskatchewan.
• The company is advancing a $5 million strategic investment at $0.30 per unit with a Southeast Asian conglomerate, which includes board representation upon reaching 7% ownership.
• The drill program initiates a multi‑well exploration campaign across a 1.3 million‑acre land package (with an additional 5.7 million acres under application), positioning MAX Power as a first mover in the emerging natural hydrogen sector.

Key Details

• Drilling Commencement: Started early November 2025 using a Stampede Drilling tele‑double rig, crew of 24 operating two 12‑hour shifts.
• Target Characteristics: Lawson target exhibits source rocks, migration pathways, reservoirs, seals and traps, plus a four‑way structural closure—key elements for natural hydrogen accumulation.
• Land Position: Primary exploration area of ~1.3 million acres (521,000 ha) on the Genesis Trend; additional 5.7 million acres under application.
• Strategic Financing: Gross proceeds of $5,000,000 at $0.30 per unit. Each unit = one common share + ½ warrant; full warrant exercisable at $0.45 for 24 months, with accelerated expiry provision.
• Investor Rights: Investor to receive a board seat conditional on maintaining ≥ 7% ownership; shareholder and investor rights agreements finalized.
• Closing Timeline: Investment closing remains “near‑term,” pending customary conditions and regulatory approvals (last update 28 Oct 2025).
• Corporate Communications: Video of drill start available (YouTube links); presentation materials on natural hydrogen and critical minerals provided via company website.

Notable Quotes

“It’s a remarkable achievement for our team to be the first to drill for Natural Hydrogen in Canada… we are now closer than ever in our pursuit of the Natural Hydrogen molecule, its potential accumulations, and ultimately a commercial discovery.” – Mansoor Jan, CEO

Materiality Assessment: Material – Positive** (first-ever natural hydrogen well in Canada and a significant financing milestone indicating strong growth prospects).