Max Power Confirms Canada's First Natural Hydrogen Drilling Discovery

Executive Summary

• MAX Power Mining Corp. confirmed Canada’s first subsurface Natural Hydrogen system in the Lawson well, recording hydrogen concentrations up to 286,000 ppm (28.6% H₂) and free‑flowing gas to surface.
• The discovery validates the company’s geological model for the 475‑km Genesis Trend, de‑risking multiple “play concepts” across a 1.3‑million‑acre permitted land package and supporting a transition from concept to resource modelling and commercial evaluation.
• MAX Power announced a suite of next‑step activities for H1 2026—including a 47‑sq‑km 3D seismic survey, a confirmatory well, and integration of data into its AI‑driven MAXX LEMI platform—while also entering marketing agreements to promote the project.

Key Details

• Hydrogen Assay Results – Independent labs (AGAT, Corelab, PTRC) reported hydrogen concentrations ranging from 16.80% (168,000 ppm) to 28.60% (286,000 ppm); helium values up to 8.7% were detected in sealed core‑tube samples above the basement complex.
• Well Performance – After perforation, the Lawson well produced free gas flow with strong initial rates and pressures; a brine influx later demonstrated reservoir energy and connectivity.
• Reservoir Characteristics – Flow‑test samples came from an 8‑m thick fractured interval in Precambrian exotic terrane rocks, showing a clean ~90% H₂‑N₂ mix with no H₂S, indicating a geological source for the hydrogen.
• Geological Context – The Genesis Trend lies adjacent to the Regina–Moose Jaw Industrial Corridor; its eastern boundary is bounded by the Prairie Evaporite “Salt Barrier,” providing an effective trap and seal for Natural Hydrogen accumulation.
• Next‑Step Activities (H1 2026)
• Commence resource modelling and estimation per applicable standards.
• Execute a 47‑sq‑km 3D seismic survey (scheduled for February) to delineate reservoir geometry and trap integrity.
• Drill a confirmatory well targeting the high‑purity apex identified by seismic data.
• Engage industrial and energy stakeholders in Saskatchewan and globally.
• AI Platform Integration – Data from Lawson will be fed into MAXX LEMI, an AI‑assisted Large Earth Model designed to become the industry standard for Natural Hydrogen exploration and to be monetised by the company.
• Marketing & Communications Agreements (non‑material administrative items):
• Native Ads Inc. – $165,000 USD digital campaign (6‑month term).
• PONY Communications – $130,000 USD PR/services agreement (until March 29 2026).
• Emerging Markets Consulting – $150,000 USD strategic communications (6‑month term).
• Tafin GmbH – extension of existing consulting agreement for €200,000 (8‑week term).

Notable Quotes

• Ran Narayanasamy, President & CEO: “This is a defining moment… Lawson is no longer a concept – it’s a discovered geological system with gas flow, pressure, and the key ingredients required for future commercial Natural Hydrogen development.”
• Steve Halabura, P.Geo., Chief Geoscientist: “Lawson has delivered exactly what we hoped to see—hydrogen‑rich gas, reservoir characteristics, fracture networks, and evidence of a working system… opens the door to repeatable, scalable Natural Hydrogen exploration in Saskatchewan and beyond.”

Materiality Assessment: Material – Positive – The confirmation of a commercially relevant Natural Hydrogen system represents a pivotal inflection point for MAX Power’s business model, de‑risking its large land package and initiating a path toward resource development and potential revenue generation.