MAX Power Targets Next-Generation AI Infrastructure Powered by Natural Hydrogen Following Lawson Discovery

On June 1, 2026, MAX Power issued two key releases. The first updates the Lawson natural hydrogen project where a completed 3D seismic survey delineated a 14.2 sq km structural closure within a 28 sq km Lawson Complex, with helium concentrations averaging 4.4% (peaking at 8.7%). The company has engaged GLJ Ltd. for reservoir evaluation and resource modeling and is preparing confirmatory drilling and flow testing. The second release unveils a non-binding Memorandum of Understanding with TerraVolt Energy, EcoTech Building Solutions, and the Carbon Neutral Growth Fund to evaluate an integrated natural hydrogen‑powered AI data center model (power, cooling from brines, modular buildings). It also discloses the May 29 closing of a $25 million private placement with Eric Sprott, lifting his ownership to 19%, fully funding an expanded near‑term drill program. Together, these announcements shift MAX Power from pure exploration into commercial evaluation while explicitly linking its project to the surging AI infrastructure narrative.

The news is materially positive. The MOU with credible infrastructure partners (TerraVolt manages a 12 GW+ power portfolio, EcoTech brings modular construction) directly connects the Lawson discovery to a massive demand theme — AI data centers — creating a potential end-use market that few junior explorers enjoy. The simultaneous closing of a $25 million strategic investment by Eric Sprott (now a 19% holder) not only finances the acceleration of drilling but provides strong third‑party validation. The engagement of GLJ for resource modeling signals the transition from discovery to commercial assessment. While the partnership is non‑binding and early‑stage, its impact on market perception is significant. In the context of all prior news, which steadily advanced drilling, seismic, and financing, this represents a step‑change in the company’s commercial narrative.

MAX Power Mining Corp. is a Canadian‑based explorer focused on natural hydrogen and helium in Saskatchewan. Its Lawson Discovery (Genesis Trend) is Canada’s first confirmed subsurface natural hydrogen system, with gas flows, pressures up to 28.6% H₂, and associated helium (average 4.4%, peak 8.7%). The company holds ~1.3 million permitted acres (521,000 ha) and an additional 5.7 million acres under application along the 475‑km Genesis Trend, making it one of the largest such landholders globally. Secondary targets include Bracken (325 km SW), Lucky Lake, and Radville. MAX Power also owns the Willcox Playa Lithium Project in Arizona, which it plans to spin out. The CEO is Ran Narayanasamy, and Chief Geoscientist is Steve Halabura; former Cameco chair Neil McMillan serves as Chairman.