Max Power intersects natural hydrogen at Lawson well

Executive Summary

• Max Power Mining Corp. completed Canada’s first-ever well specifically targeting natural hydrogen at the Lawson target on the Genesis trend in Saskatchewan, reaching a total depth of 2,278 meters.
• The well successfully encountered natural hydrogen and helium in multiple horizons, ranging from shallow Cretaceous strata into the Precambrian basement complex, validating the company's exploration thesis.
• The success has accelerated the company's multiwell program, with a fully financed second well at the Bracken target now moving forward, supported by a 1.3 million-acre land package and significant industry attention.

Key Details

• Well Specifications: The Lawson 15-19 test of concept well reached a total depth of 2,278 metres, penetrating 72 metres into the basement complex.
• Core Retrieval: Continuous core was cut from the Basal Deadwood sand into the basement complex; 70.4 metres of core were cut with approximately 98.5% retrieval success.
• Hydrogen Encounters: Natural hydrogen was encountered in multiple horizons, most significantly in the Basal Deadwood and basement complex zones.
• Helium Encounters: Helium was also detected in multiple horizons, sometimes occurring independently from natural hydrogen.
• Data Acquisition: Specialized gas chromatography and mass spectrometer analyses were acquired from 397 metres to total depth (2,278 metres), providing a continuous high-resolution record of gas composition. A full suite of borehole geophysical logs was run from surface casing to total depth.
• Analytic Phase: A four-to-five-week analytic phase has commenced involving Agat Laboratories (Calgary), the Petroleum Technology Research Centre (PTRC) in Regina, the University of Regina, and the Colorado School of Mines.
• Next Steps: The well has been cased for structural integrity and zone isolation. Future work includes completion and testing of the Lawson well and potentially expanded seismic acquisition.
• Future Drilling: A second well at the Bracken target (Grasslands project) is being accelerated. A 2-D seismic program is expected to complete in less than three weeks, followed by geophysical interpretation and drill target selection.
• Land Position: Max Power holds approximately 1.3 million acres of permits and has another 5.7 million acres under application, primarily in Saskatchewan.
• Genesis Trend: The trend is a 475-kilometre-long corridor. At least 20 potential look-alikes along the trend have been identified as derisked by the Lawson success.
• Conference Participation: The company presented at H-NAT 2025 in Paris (Nov 13-14, 2025), highlighting its leadership in the natural hydrogen sector.

Notable Quotes

• Steve Halabura, Chief Geoscientist: "The impressive operational efficiency of this first well... has significantly derisked our broader multiwell exploration concept to the extent that I can confidently say that Max Power more than ever is on target for potential commercial discoveries of natural hydrogen in Saskatchewan."
• Mansoor Jan, CEO: "We are elated with the early indications from our first well at Lawson. Discovering natural hydrogen across multiple horizons in deep drilling and to have this kind of operational success for Canada's first-ever dedicated natural hydrogen well is a historic moment for both Max Power, Saskatchewan and the country."
• Dr. Yaoguo Li, Expert Advisor: "Geologic hydrogen has advanced rapidly from a research curiosity to a major opportunity to obtain low-cost, clean energy from the subsurface... Max Power is clearly at the forefront of this endeavour with a data-driven, multiwell exploration program."