Max Power Mining confirms natural hydrogen find

Executive Summary

• Max Power Mining Corp. confirmed Canada’s first-ever subsurface natural hydrogen discovery at the Lawson well near Central Butte, Saskatchewan, marking a transition from conceptual exploration to resource modeling and commercial evaluation.
• The discovery established a natural hydrogen system with concentrations up to 286,000 ppm (28.6% H2), free-flowing gas to surface, and evidence of a large reservoir with strong drive mechanisms, supported by elevated helium values indicating a potential stacked gas system.
• The company outlined immediate next steps including a 3-D seismic survey, a confirmatory well planned for H1 2026, and the integration of data into its AI-assisted Maxx Lemi model, while simultaneously entering into several marketing and consulting agreements.

Key Details

• Discovery Confirmation: Lawson well is Canada's first well drilled specifically targeting natural hydrogen, located on the 475-kilometre-long Genesis trend in Saskatchewan.
• Hydrogen Concentrations:
  • Up to 286,000 parts per million (28.6% H2) detected in gas samples from sealed core tubes.
  • Independent laboratory analyses (AGAT, Corelab, PTRC) confirmed hydrogen concentrations ranging from 16.80% (168,000 ppm) to 19.07% (190,700 ppm) from through-casing flow tests.
  • Gas composition is approximately 90% hydrogen-nitrogen mix with no hydrogen sulphide.
• Reservoir Characteristics:
  • Free-flowing hydrogen to surface with robust initial rates and pressures following perforation.
  • Evidence of a potentially large reservoir with strong drive mechanism and connectivity.
  • Tested an eight-metre-thick fractured interval from the uppermost portion of the basement complex.
• Helium Discovery: Elevated helium values up to 8.7% (87,327 ppm) detected in sealed core tube gas samples from the zone above the basement complex, averaging 4.4% (44,380 ppm) from nine samples, suggesting a vertically stacked gas system.
• Geological Context: The Genesis trend lies adjacent to the Regina-Moose Jaw industrial corridor and is nestled against the Prairie Evaporite, which acts as a regional salt barrier providing a trap and seal for hydrogen accumulation.
• Next Steps & Timeline:
  • Resource modeling and estimation to commence shortly.
  • 47-square-kilometre 3-D seismic survey to define reservoir geometry and trap integrity.
  • Confirmatory well targeting the high-purity apex of the structure, slated for February 2026 (H1 2026).
  • Stakeholder and customer engagement with industrial and energy users.
• Land Package: Max Power holds 1.3 million acres under permit and 5.7 million acres under application in Saskatchewan, plus properties in the US including the Willcox Playa lithium project.
• Marketing Agreements:
  • Native Ads Inc.: $165,000 USD for a six-month digital media and content distribution campaign starting Q1 2026.
  • Pony Communications: $130,000 USD for PR and media relations services, term ending March 29, 2026.
  • Emerging Markets Consulting LLC: $150,000 USD for strategic communications and investor awareness, six-month term.
  • Tafin GmbH: Extension of existing consulting agreement for 200,000 euros for an additional eight-week term effective Jan 2, 2026.

Notable Quotes

• Ran Narayanasamy, CEO: "This is a defining moment for Max Power, Saskatchewan and Canada. We have confirmed the existence of a natural hydrogen system in the subsurface from the first well ever drilled in this country specifically targeting this new primary energy source. 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, PGeo, Chief Geoscientist: "From a geological perspective, Lawson has delivered exactly what we hoped to see -- hydrogen-rich gas, reservoir characteristics, fracture networks and evidence of a working system... The presence of elevated helium above the hydrogen zone supports the potential for the discovery of a vertically stacked gas system that would aid in economics."