Max Power expands natural hydrogen targets in Sask.

Executive Summary

• Max Power Mining Corp. has identified "Bracken" as its first high-priority drill target area outside of the existing 200-kilometre-long Genesis trend, located in the southwest corner of Saskatchewan near the Montana border.
• The company plans to acquire proprietary 2-D seismic data in the fourth quarter to image a significant basement structure and pinpoint an optimal drilling location, supporting its multiwell test-of-concept program.
• This expansion reinforces the scalability of the company's natural hydrogen model, evolving it from a single-asset explorer to a district-scale platform with over 1.3 million acres of permitted ground.

Key Details

• Target Location: Bracken is located approximately 325 km southwest of the Lawson target (the first deep well in Canada dedicated to Natural Hydrogen, drilling scheduled for on or about Nov. 7, 2025).
• Land Position: Bracken is part of the Grasslands project, covering 120,000 permitted acres. The company holds approximately 1.3 million acres of permits and another 5.7 million acres under application in Saskatchewan.
• Geological Context:
  • Bracken features a different geological setting than Lawson; while Lawson relies on a regional salt barrier, Bracken is driven by the Val Marie Arch, a major structure extending into Montana.
  • The area contains a rare rock assemblage within a prospective mobile zone, including exotic terranes formed during ancient mountain building processes.
  • Specific geophysical characteristics include low gravity (low density, reduced magnetic-prone iron) juxtaposed with high density and significant magnetic response areas.
  • The terrane includes a rare intrusive rock called a carbonatite, associated with a proximal deep subsurface occurrence of natural hydrogen approximately 10 km to the northwest.
• Upcoming Activities:
  • A Bracken seismic program has been laid out and approved.
  • Seismic data is anticipated to be shot during the fourth quarter.
  • Data interpretation aims to identify an optimal drilling location for the next phase of the multiwell test program.
• Strategic Significance: The discovery potential at Bracken, combined with Lawson and Lucky Lake on the Genesis trend, highlights the scalability of natural hydrogen discoveries across different geological settings, similar to gold and other metal deposits.

Notable Quotes

• Steve Halabura PGeo, Chief Geoscientist: "Bracken and Lawson are equally compelling. At Lawson it's the regional salt barrier ('seal' and 'trap') that's key to that play concept... At Bracken we're looking at a different source rock assemblage... This is what makes the exploration for Natural Hydrogen so exciting and scales up the opportunity -- natural hydrogen discoveries can occur in different geological settings, just like gold and other metal deposits."
• Steve Halabura PGeo, Chief Geoscientist: "Saskatchewan has so much ground that is still underexplored, which is why we have 1.3 million acres of permitted ground and another 5.7 million acres under application. Scalability and optionality are impressive."