Max Power Drills into Natural Hydrogen in Multiple Horizons at Lawson in Canada's First-Ever Natural Hydrogen Well

Executive Summary

• MAX Power Mining Corp. completed Canada’s first dedicated Natural Hydrogen well at the Lawson target (2,278 m depth), confirming Natural Hydrogen and helium across multiple horizons.
• The successful “Test of Concept” de‑risks the company’s multi‑well exploration program and accelerates a fully funded second well at the Bracken target.
• Extensive core recovery (98.5% of 70.4 m) and high‑resolution gas analyses have been generated, entering an analytic phase with multiple academic and industry partners to quantify resource potential.

Key Details

• Well Completion: Lawson 15‑19 reached total depth of 2,278 m; penetrated 72 m into basement complex; cased for further testing.
• Core Recovery: 70.4 m of continuous core cut; ~98.5% core recovery – a record for deep Precambrian drilling in Saskatchewan.
• Gas Encountered: Natural Hydrogen detected in multiple horizons (Basal Deadwood Sand and basement complex); helium also present, sometimes independently.
• Analytical Work: 397 m of continuous gas chromatography/mass spectrometry data; full suite of borehole geophysical logs from surface to TD.
• Analytic Phase (4‑5 weeks): Core shipped to AGAT Labs (Calgary) and PTRC (Regina); involvement of University of Regina, Saskatchewan Geological Subsurface Lab, Colorado School of Mines, and Dr. Yaoguo Li. Objectives include source‑rock identification, generation mechanisms, reservoir characterization, and flow potential.
• Next Steps: Completion test phase pending; recommendations to be issued on further testing, possible expanded seismic acquisition, and additional well planning.
• Program Acceleration: Fully funded second well at Bracken (Grasslands Project) now moving forward with a 2‑D seismic program slated for completion in <3 weeks.
• Land Package: Exploration footprint of 1.3 M acres permitted + 5.7 M acres under application across Genesis Trend (475 km corridor).
• Strategic Backing: Investor support from Eric Sprott, Southeast Asian conglomerate, and new Special Advisor Andy Bowering.
• Investor Presentation: MAX Power presented at H‑NAT 2025 in Paris; highlighted technical progress and Saskatchewan’s jurisdictional advantages.

Notable Quotes

• “The impressive operational efficiency of this first well… has significantly de‑risked our broader multi‑well exploration concept.” – Steve Halabura, Chief Geoscientist
• “We are elated with the early indications from our first well at Lawson… a historic moment for both MAX Power and Canada.” – Mansoor Jan, CEO
• “MAX Power is clearly at the forefront of this endeavor with a data‑driven, multi‑well exploration program.” – Dr. Yaoguo Li, Colorado School of Mines

All forward‑looking statements are subject to risks and uncertainties detailed in the release.