MAX Power CEO Provides Year-End Shareholder Update as Company Enters Pivotal Phase in Natural Hydrogen Development

Executive Summary

• MAX Power highlighted major 2025 milestones, including the drilling of Canada’s first deep well targeting Natural Hydrogen at Lawson and securing strategic investments from Eric Sprott and Vietnam‑based Bitexco.
• The company announced that its second well at Bracken is fully funded and slated for early Q1 2026 drilling, expanding its multi‑well program on a 1.3 million‑acre permitted land package in Saskatchewan.
• MAX Power outlined a dual‑focus growth plan: advancing Natural Hydrogen commercialization in 2026 while preparing a public listing for its U.S. subsidiary Homeland Critical Minerals (owner of the Willcox Playa Lithium Project).

Key Details

• Lawson Well: First-ever Canadian deep well specifically targeting Natural Hydrogen; early results confirmed hydrogen and helium in multiple horizons, moving the project from concept to measured subsurface evidence.
• Q4 2025 Drilling: Completed drilling at Lawson in November, coinciding with participation at the World Natural Hydrogen Conference in Paris.
• Large Earth Model Integration (LEMI): Ongoing AI‑driven model development for Natural Hydrogen; plan to monetize the model in 2026 under the “MAXX LEMI” brand.
• Strategic Investment – Eric Sprott: Renowned gold and silver investor made his first investment in the Natural Hydrogen sector, providing external validation of MAX Power’s technical approach.
• Strategic Partnership – Bitexco/Big Energy (Vietnam): First major Vietnamese investment into Saskatchewan; partnership announced by Canada’s Ambassador to Vietnam, strengthening balance sheet and supporting further drilling.
• Bracken Well: Second well fully funded, scheduled for early Q1 2026 drill‑in, targeting a structurally distinct play within the Genesis Trend.
• Land Position: Approximately 1.3 million acres (521,000 ha) of permitted land on the Genesis Trend, enabling multiple “play concepts” and scalable development.
• Homeland Critical Minerals (HCM): U.S. subsidiary owns the Willcox Playa Lithium Project in Arizona; discovery confirmed in early 2024. Plan to pursue a Canadian public listing for HCM in 2026, with share distribution to MAX Power shareholders.
• Corporate Leadership: CEO Ran Narayanasamy emphasized experience in Saskatchewan energy sector and commitment to Indigenous partnerships and Truth & Reconciliation initiatives.

Notable Quotes

“2026 is the year, in management’s view, that Natural Hydrogen moves from an academic concept into a real‑world energy solution, and MAX Power is positioned at the forefront of that transition.” – Ran Narayanasamy, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.