MAX Power Commences Drilling at Bracken to Validate Basin-Scale Natural Hydrogen Model and Advance Commercial Evaluation
Executive Summary
- MAX Power Mining Corp. has commenced drilling of the “Bracken” well, a second Natural Hydrogen play located ~325 km southwest of the Lawson discovery, to test basin‑scale continuity under a distinct stratigraphic trapping mechanism.
- The company is advancing its proprietary AI‑driven predictive framework (MAXX LEMI) using data from Bracken and Lawson, positioning it for global licensing and monetization.
- New consulting, marketing, and advisory agreements were executed with Triforce Media, TMI Digital, and Hampton Securities, committing up to $229,000 in fees over the next six months.
Key Details
- Bracken Well Location & Purpose
- Situated within the Grasslands Project (1.3 M acres permitted) ~325 km southwest of Lawson.
- Targets a “pinch‑out” stratigraphic trap identified from 34.3 km of new proprietary 2‑D seismic plus legacy data.
-
Aims to demonstrate basin‑scale continuity of Natural Hydrogen under a different geological trapping mechanism than Lawson.
-
Drilling Contractor
-
Savanna Drilling (Rig #416) engaged to execute the Bracken program, emphasizing safety and disciplined capital deployment.
-
Strategic Significance
- Success would validate repeatability of Natural Hydrogen systems across Saskatchewan’s largest permitted land package.
-
Supports reserve modeling, economic assessment, and transition from exploration success to commercial evaluation.
-
MAXX LEMI Model Development
- Bracken data feed enhances the in‑house AI‑assisted Large Earth Model Integration (MAXX LEMI) for systematic target ranking.
-
CEO Ran Narayanasamy notes global interest and potential monetization of the model beyond Saskatchewan.
-
Ottawa Government Engagement
-
CEO Ran Narayanasamy and Director Rob Norris met with federal parliamentarians and officials to discuss Natural Hydrogen policy, regulatory frameworks, and its alignment with Canada’s energy security and decarbonisation goals.
-
Marketing & Advisory Agreements
- Triforce Media Inc. – Consulting agreement (Feb 1‑Aug 1 2026); $15,000/month, total $90,000 plus taxes.
- TMI Digital, LLC – Renewed/expanded engagement; $110,000 flat fee for six months ending July 10 2026 + $8,000/month for an initial three‑month term (total $24,000), payable in advance.
-
Hampton Securities Ltd. – Advisory agreement (Feb 13‑Mar 14 2026); one‑time fee of $125,000 plus taxes.
-
Investor Implications
- Bracken serves as a critical test of scalability; positive results could materially enhance the company’s valuation by demonstrating multi‑play continuity and supporting future reserve estimates.
Notable Quotes
“We’re excited about the potential of this second play concept to deliver meaningful results and demonstrate basin‑scale continuity for Natural Hydrogen in Saskatchewan.” – Steve Halabura, Chief Geoscientist
“Data is extremely valuable… we are confident its benefits will extend well beyond Saskatchewan… we look forward to providing further updates on the development of this unique model.” – Ran Narayanasamy, CEO