MAX Power Mining Corp.
Canada's Leader in Natural Hydrogen
CSE: MAXX | OTC: MAXXF | FRA: 89NS
Watch 3 Minute Video

Latest News: MAX Power President Chad Levesque to Present Lawson Natural Hydrogen Discovery at Image ’26 in Houston

MAX Power Closes $10 Million Strategic Investment From Eric Sprott to Advance Commercial Validation at Lawson

MAXPOWER logo with a teal X intersecting the white letters on a black background and the gray slogan 'New Era'

MAX Power is an exploration company focused on the commercialization of Natural Hydrogen, a resource MAX Power believes is increasingly vital to domestic energy security and the global energy transition.

SYMBOL: CSE: MAXX | OTC: MAXXF | FRA: 89N

  • Note: As of  July 10, 2026
  • Issued and Outstanding: 175,215,287
  • Warrants: 39,158,379*
  • Options: 16,122,500
  • RSUs: 7,667,331
  • Fully Diluted: 237,638,497

*24,638,548 warrants or 62.9% of total are held by Eric Sprott.

MAX Power’s core equity story is straightforward: Through scientific rigor, MAX Power’s mission is to confirm the world’s first large-scale commercial discovery of Natural Hydrogen, an emerging primary new energy source that could reshape the energy sector. Key milestones have been accomplished and the drills are going deeper:

  • MAX Power is at the commercial validation stage for its Lawson discovery, Canada’s first confirmed subsurface Natural Hydrogen system with value-added helium on the 475 km Genesis Trend in Saskatchewan 

Select to Zoom

Must See Videos

Most Recent Accomplishments

Readings Surpassing 831m

Read Details

Core #1 terminated at 2,340 meters with full recovery of roughly 63 meters, running from the Deadwood Formation into a basement complex that began near 2,308 meters. Recovered chips suggest the basement is the exotic terrane the technical team had modeled. Helium spikes are more numerous than in the discovery well, which the company reads as denser fracturing at depth.

660,263 Acres Added

See Facts & Figures

Permitted ground moved from roughly 1.3 million acres to roughly 2 million across south-central Saskatchewan. The piece adjoining Lawson is the new Aurora Project, 155,125 acres, striking southeast toward Moose Jaw along a highway and rail corridor next to heavy industry and emerging AI infrastructure.

Lawson Spudded at 9:15 p.m.

Get Step Out Info

The first well of the commercial validation program, stepping out 2.4 km from Canada’s first confirmed subsurface Natural Hydrogen system. GLJ Ltd. is engaged to review program results independently.

First well of lawson commercial validation drill program – still in progress – encounters continuous natural hydrogen readings over 831 meters and highest readings to date in major basement complex fracture zone

Highlights

  • Drilling is currently at a measured depth of 2,370 meters, pausing briefly ahead of coring (Core #2) after encountering a Natural Hydrogen-rich fracture zone in the basement complex (highest Natural Hydrogen readings recorded to date at Lawson by the Company’s instrumentation attached to drill rig);

  • Core #1 terminated at 2,340 meters measured depth with 100% recovery (~63 m) from the Deadwood Formation into the basement complex which started at approximately 2,308 meters measured depth;

  • Natural Hydrogen readings have been more intense than at the original discovery well (Lawson 15-19 or “Lawson 1”), located 2.4 km to the northeast, and have been virtually continuous (well above background levels) and gradually increasing since 1,539 meters measured depth in the Upper Devonian (shortly after intermediate casing);

  • Basement complex appears to be classic exotic terrane as modelled by MAX Power’s technical team – chips recovered from sleeve ends suggest presence of mafic minerals (pyroxene), potassium feldspars, hematite grains, and alteration minerals tentatively identified as epidote and serpentinite;

  • Helium “spikes” are more numerous in Lawson 2 compared to Lawson 1, suggesting a higher density of deeper basement fracturing.

Source: Read Release

"We are indeed witnessing Natural Hydrogen history being made again at Lawson in the heart of Saskatchewan’s Genesis Trend, which immediately helps de-risk our current program. What we’re seeing in this first step-out well is extremely exciting. We’re in unchartered territory, so it’ll be fascinating to see what we encounter as we deepen the well beyond this Natural Hydrogen-rich fracture zone at 2,370 meters. Every extra meter sets a new record for total meters cored into the basement complex. A completions program after casing of this well will give us the key metrics around flow, volume, and concentrations, as we strive toward commerciality at Lawson. With more drilling and much more data to review over the coming days, we eagerly look forward to providing our next update.” 

Mr. Steve Halabura, MAX Power Chief Geoscientist

Man with sunglasses in a black shirt and olive-green pants points to the right on a gravel path in a grassy field under a blue sky; overlay text reads 'natural HYDROGEN'.

Steve Halabura, Cheif Geologist

Max power adds aurora project permits next to lawson, increases permitted land position in saskatchewan by more than 50% to 2 million acres

As commercial validation drilling continues at Canada’s first confirmed Natural Hydrogen system at the Lawson Discovery (“Lawson Complex #1”), the Company has acquired key permits covering 155,125 acres (628 sq. km) contiguous to the 1,224 sq. km Lawson Project striking southeast toward the City of Moose Jaw as part of a material expansion of the Company’s permitted landholdings in south-central Saskatchewan.

In total, based on extensive in-house analysis of comprehensive proprietary geological and geophysical datasets, MAX Power has added 660,263 acres (2,672 sq. km) of provincial government-issued permits throughout the Genesis Trend and elsewhere in south-central Saskatchewan as it targets the world’s first large-scale commercial development of Natural Hydrogen as a new primary energy source in close proximity to a major industrial corridor.

Highlights

  • The Lawson-Aurora combination gives MAX Power permits covering a contiguous 90-km-long area striking northwest-southeast (1,852 sq. km). Aurora is favorably situated along a major highway and rail transportation corridor adjacent to heavy industry and emerging AI infrastructure;
  • Two additional new permitted projects have been added within the 475-km Genesis Trend – Ogema (100,530 acres or 407 sq. km), and Kyle (24,812 acres or 100 sq. km); Fox Valley (44,798 acres or 181 sq. km) is a new permitted target area that expands the Grasslands Project;
  • Permits have been added to multiple existing projects including Lawson, Radville and Tribune – total MAX Power permitted landholdings in Saskatchewan now comprise ~2 million acres, up from ~1.3 million acres, within 12 projects including Grasslands in the southwest where a 325-km step-out from Lawson on a different trend has returned multiple prospective Natural Hydrogen and helium zones (refer to June 30, 2026 news release);
  • Additional details on these newly acquired permitted land packages will be provided over the coming weeks upon final review of highly encouraging data by both MAX Power and independent consultant GLJ Ltd.

“Expanding our permit coverage to this scale gives us great optionality, including new potential monetization opportunities and advancement of our near-term commercialization strategy as our confidence around Lawson and the geological model grows by the day. We are driven by a ‘months to molecules’ approach that will lead to a further expansion of permits as success on the ground accelerates.” 

– Mr. Ran Narayanasamy, MAX Power CEO

Source: Read Release

Spotlight News | May 21, 2026 Announcement

Eric Sprott $25M Max Power Investment Impact

“We are honoured to have Mr. Sprott’s continued support as MAX Power advances Canada’s first subsurface Natural Hydrogen system in Saskatchewan, with the Lawson discovery now in the commercial evaluation phase leading to near-term follow-up drilling. Eric’s $25 million investment in MAX Power accelerates and further de-risks our goal of becoming the first company in the world to make a large-scale commercial discovery of Natural Hydrogen, an emerging new primary energy source.”

— Mr. Ran Narayanasamy

The Company intends to use the net proceeds of the Private Placement for:

  • Follow-up drilling at the Lawson Complex
  • Modelling and estimation of the resource potential and near-term commercial development prospects at Lawson
  • Further acquisition of 2D and 3D seismic data over prospective areas across MAX Power’s Saskatchewan land package
  • Drilling of additional targets in Saskatchewan, including near-term well completion at Bracken
  • Acquisition of additional permitted ground
  • Continued development of the Company’s proprietary AI-empowered Large Earth Model Integration (MAXX LEMI) Platform with potential global application for efficient targeting of Natural Hydrogen deposits
  • General corporate purposes, including administrative and marketing expenses
Exploration Area: Genesis Trend

Genesis, adjacent to a large industrial corridor, is a 475-km long trend that features dozens of Natural Hydrogen targets. It’s defined by hydrogen-prone source rocks deep in the subsurface and an all-important “Salt Barrier” (trap, seal) that appears to have allowed for the accumulation of Natural Hydrogen gases across a very broad area.

~2M
2 Million Acres of Exploration Permits
5.7M
Permits Under Application
~475+ KM
MAX Power's overall Saskatchewan Land Package

The Time is Now For a World-First in Natural Hydrogen

Natural Hydrogen + Data Centers: The Investment Narrative

THE PROBLEM: AI Is Breaking the Grid

The data center energy story is one of the most dramatic supply/demand imbalances in modern infrastructure:

Demand Explosion

  • U.S. data center power demand projected to nearly triple by 2030—from ~62 GW (2025) to 134 GW Source: S&P Global
  • U.S. electricity consumption projected to reach record levels in both 2025 and 2026, marking a clear break from years of flat demand Source: Nzero
  • AI share of data center power: roughly 5–15% recently, potentially 35–50% by 2030 Source: AIMultiple
  • AI factory power demand expected to grow to more than 120 GW by 2035, compared to just 4 GW in 2024 Source: Microgridknowledge

Grid Can’t Keep Up

  • Electricity demand is rising faster than the U.S. power grid—much of it built decades ago—was designed to handle Source: DataCenterKnowledge
  • Grid connection wait times now stretch 3–7+ years in high-demand areas
  • Wholesale electricity costs as much as 267% more than five years ago in areas near data centers Source: Bloomberg

Share your email to get updates and alerts on MAX Power News!

Natural Hydrogen + Data Centers: The Investment Narrative

THE PROBLEM: AI Is Breaking the Grid

The data center energy story is one of the most dramatic supply/demand imbalances in modern infrastructure:

Demand Explosion

  • U.S. data center power demand projected to nearly triple by 2030—from ~62 GW (2025) to 134 GW Source: S&P Global
  • U.S. electricity consumption projected to reach record levels in both 2025 and 2026, marking a clear break from years of flat demand Source: Nzero
  • AI share of data center power: roughly 5–15% recently, potentially 35–50% by 2030 Source: AIMultiple
  • AI factory power demand expected to grow to more than 120 GW by 2035, compared to just 4 GW in 2024 Source: Microgridknowledge

Grid Can’t Keep Up

  • Electricity demand is rising faster than the U.S. power grid—much of it built decades ago—was designed to handle Source: DataCenterKnowledge
  • Grid connection wait times now stretch 3–7+ years in high-demand areas
  • Wholesale electricity costs as much as 267% more than five years ago in areas near data centers Source: Bloomberg

MAX Power & Natural Hydrogen Could Fill The AI Energy Gap

Advantages & Facts in a New Energy Frontier

  • First Company to Drill
    MAX Power Mining Corp. drilled their first Natural Hydrogen well in Canada (November 2025)
  • Project Status
    MAX Power is utilizing integrated geological datasets to target Natural Hydrogen. Initial drilling at the Lawson prospect has identified Natural Hydrogen in multiple horizons, which management interprets as evidence of an active hydrogen system within the basement complex. The company holds ~2 million permitted acres in Saskatchewan, representing a significant land position for Natural Hydrogen exploration in Canada.
  • Diversified Clean Energy Portfolio
    Beyond hydrogen, MAX Power holds a significant equity position in Homeland Critical Minerals, which now owns the Willcox Project in Arizona, a lithium discovery confirmed by MAX Power in early 2024. The company also owns 100% of the Nicobat Project in Ontario (base metals, cobalt, PGEs).
  • The Macro Tailwind
    Natural Hydrogen could disrupt the $150B+ hydrogen market by delivering clean energy at a fraction of the cost of green hydrogen production. Unlike manufactured hydrogen, Natural Hydrogen is simply extracted—no electrolysis, no carbon capture, no expensive infrastructure.

Key Takeaway

MAX Power isn’t waiting for the Natural Hydrogen market to mature—they’re building it. With drilling underway, the largest land position in Canada, and a diversified clean energy portfolio, the company offers leveraged exposure to a potentially transformative energy source at ground-floor valuations.

3D geologic map showing Prairie Evaporite salt layer, Salt Wall, Lawson Permit Area, natural hydrogen prospects, and exotic terrane with a north arrow.
View Genesis Region
Hydrogen Hub Region
Explore MAX Power's Extensive Project Portfolio

Eric Sprott Invests in MAX Power

On January 16, 2026, investor Eric Sprott, through 2176423 Ontario Ltd., bought 600,500 Max Power Mining Corp. common shares on the Canadian Securities Exchange at $0.8205 per share (aggregate $492,710). Before the trade he held 10,369,318 shares plus 10,369,318 share purchase warrants; afterward he held 10,969,818 shares and the same warrants. That equates to roughly 9.8% ownership on a non-diluted basis and 17.5% on a partially diluted basis (assuming warrant exercise). Sprott characterized the position as a long-term investment and may increase or reduce it. The purchase represented about 0.5% of Max Power’s outstanding shares and triggered an early-warning filing.

(Source: Yahoo Finance)

Eric Sprott - investor and philanthropist

Who is Eric Sprott?

Eric Sprott is a Canadian billionaire businessman born in 1944/45, renowned for his decades-long influence in precious metals investing and the mining industry . With an estimated net worth of $1.24 billion as of 2026, Sprott began his career as a research analyst at Merrill Lynch before founding Sprott Securities (now Cormark Securities) in 1981 and establishing Sprott Asset Management in 2001.

What sets Sprott apart in the investment world is his unwavering conviction in precious metals as stores of value. Known as a persistent “gold bull,” he gained particular prominence by advocating for gold investments before the 2008 financial crisis, positioning his investors to profit when gold rallied to new all-time highs of over $2,000 per ounce in the aftermath.

Why is He Recognized as a Top Investor & Philanthropist?

Eric Sprott’s reputation rests on several pillars that distinguish him from typical institutional investors:

  • Champion of Junior Mining Companies

    Sprott has been vital in supporting junior mining companies, where his investments and guidance have helped elevate small firms to significant industry players. Unlike many mining entrepreneurs, he buys stock like everybody else rather than manufacturing companies, and he’s even known to read internet message boards for stock tips—an unusual humility for a billionaire investor.

  • Philanthropic Legacy

    Beyond investing, Sprott established the Sprott Foundation in 1988, focusing on addressing urgent social needs such as hunger and homelessness, with contributions exceeding $337 million . He donated $10 million to Carleton University, which renamed their business school the Sprott School of Business in his honor.

“The AI boom has created an unprecedented power crisis. Data centers need 120+ GW by 2035, and the grid can’t deliver it. Alternative fuel solutions are already being deployed—major corporations are committing millions to power AI facilities, and Natural Hydrogen could fill the power gap. The missing piece? Affordable, scalable Natural Hydrogen supply. Natural Hydrogen could be the lowest-cost source, and MAX Power is drilling Canada’s first dedicated well to find it.”

– Ran Narayanasamy, CEO & Director

MAX Power’s leadership team roster

Former Cameco Chairman Neil McMillan orchestrated a $337 million mining buyout. CEO Ran Narayanasamy spent 17 years at SaskPower before leading a globally recognized research center. Their technical advisor helped discover the world’s first commercial Natural Hydrogen deposit. This isn’t a startup team—it’s a proven crew with the connections, credentials, and track record to turn Canada’s largest hydrogen land package into reality. Review the corporate presentation and learn the details you need to understand why MAX Power, and why now.

Natural Hydrogen Recovery

Although most of this hydrogen is likely to be impractical to recover, a small fraction (e.g., 1 × 105 Mt) would supply the projected hydrogen needed to reach net-zero carbon emissions for ~200 years. This amount of hydrogen contains more energy (~1.4 × 1016 MJ) than all proven natural gas reserves on Earth (~8.4 × 1015MJ).

Source: Geoffrey Ellis and Sarah E. Gelman, Science Advances, Dec. 2024

Natural Hydrogen Trailblazers

MAX Power is trailblazing the exploration and development of Natural Hydrogen in Canada, positioning itself as a global leader in this rapidly emerging sector that could turbo-charge the clean energy transition and provide greater energy security for North America.

First Commercial Explorer

MAX Power has commenced Canada’s first-ever multi-well drill program specifically targeting Natural Hydrogen. The first “Test of Concept” well was spud at Lawson on the 475-km-long Genesis Trend in early November 2025. Genesis, just one of several MAX Power land packages in Saskatchewan, has an abundance of early-stage prospects which can be quickly advanced following completion of this initial well.

THE MACRO OPPORTUNITY
  • Potential Cost Advantages: While green hydrogen currently ranges from $3–$12/kg, early conceptual estimates suggest that if commercially extractable, Natural Hydrogen could potentially be produced for $0.50–$1.00/kg.
  • Targeting Demand: We are positioning the company to address the projected increase in North American energy demand, particularly from the growing data center and AI infrastructure sectors.
  • Market Growth: The global hydrogen market is projected to reach $556 billion by 2034; however, the commercial viability of Natural Hydrogen extraction remains subject to further technical validation and testing.
  • Extraction Method: Unlike manufactured hydrogen, Natural Hydrogen would be extracted directly, potentially eliminating the need for electrolysis or carbon capture.

Market Size

    • Clean hydrogen investment commitments approaching $680 billion by 2030 (Hydrogen Council)
  • U.S. DOE targeting $1/kg clean hydrogen by 2031—Natural Hydrogen may already achieve this

Natural Hydrogen could be the cheapest clean energy source on Earth—extracted, not manufactured. MAX Power controls 2 million permitted acres in Saskatchewan and just drilled Canada’s first well targeting this resource. The leadership team includes the former Cameco Chairman, the engineer who discovered Natural Hydrogen in Mali, and operators who’ve taken exploration plays to commerciality. With zone testing underway and a $5 million strategic investment closing, 2026 is the proof-of-concept year.

#image_title
Ran Narayanasamy, CEO & Vice Chairman

20+ years building Saskatchewan’s energy infrastructure, including 17 years at SaskPower and leadership of the globally recognized PTRC.

Smiling man with short dark hair and gray-framed glasses, wearing a patterned button-down shirt, posed against a white background.
Chad Levesque, President and Director

Capital markets specialist with more than two decades supporting North American resource and junior mining companies. Has played a key role in MAX Power since Day 1, overseeing a 768% share price appreciation since IPO in early 2022. Exceptional track record at building market awareness, strengthening investor engagement, attracting strategic partners, and executing long-term growth initiatives.

#image_title
Neil McMillan, Director & Chair of Audit Committee

Former Cameco Chairman (16 years), led Claude Resources to profitability and a $337 million buyout. Decades of mining, investment, and government experience.

#image_title
Rob Norris, Director

Former Saskatchewan cabinet minister under Premier Brad Wall, overseeing SaskPower, Innovation, and Labor. Now Senior VP at PSI Group of Companies.

Tony Van Burgsteden, CPA, CFA, CFO & Director
Tony Van Burgsteden, CPA, CFA, CFO & Director

Mr. Van Burgsteden brings decades of financial and operations experience across energy, mining, agriculture, and retail, holding executive roles at Federated Co-operatives Ltd. (FCL) and Orano Canada.

#image_title
Shayne Neigum, VP-Exploration, P.Geo.

President of 2SevenEnergy Services. Expert in hydrogen, helium, and geothermal. Took the first public helium company to commerciality and revenue.

#image_title
Brent Dunlop, Chairman of Advisory Board

Built $700M AUM at RBC over 28 years. Former Senior Geologist at Inco and P.Eng. at Potash Corp.

#image_title
Tom Kishchuk, BSc, MSc, ME, Director

Former President & CEO of Mitsubishi Hitachi Power Systems Canada. Three decades of energy sector leadership and Saskatchewan nuclear supply chain development.

Learn More About Leadership & Technical Teams

Recent News

View All News & Archives

Must Read OTC Markets/SEC policy on stock promotion and investor protection

COMPENSATION DISCLOSURE

EMC has been paid $725,000 by MAX Power Mining Corp. | Please read our full disclaimer

Cautionary Note to U.S. Investors Regarding Mineral Disclosures

As a Canadian issuer, MAX Power may use terms such as “exploration target,” “measured,” “indicated,” and “inferred” resources. While these terms are defined by Canadian National Instrument (NI) 43-101, U.S. investors should be aware that SEC Regulation S-K 1300 has different requirements.

  • Exploration Targets: Estimates of exploration potential are conceptual and expressed as ranges of tonnage and grade. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as such.
  • Inferred Resources: These have a high degree of uncertainty as to their existence and their economic and legal feasibility. U.S. investors are cautioned not to assume that any part of an inferred resource exists or is economically mineable.

Qualified Person (QP) Disclosure

The scientific and technical information contained in this document has been reviewed and approved by Steve Halabura, P.Geo., as key Qualified Persons (QP), as defined by NI 43-101 and SEC Regulation S-K 1300.

Forward-Looking Statements

This document contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. These statements relate to future events or the Company’s future performance, including, but not limited to, projections of U.S. data center power demand tripling by 2030, the potential for Natural Hydrogen production costs to range between $0.50 and $1.00/kg, and the anticipated commencement of the Bracken well in January 2026. While these statements are based on management’s current expectations and external data from sources such as S&P Global and Science Advances, they involve known and unknown risks that may cause actual results to differ materially. Such risks include:

  • Technical Uncertainty: The Natural Hydrogen sector is in an early “test of concept” phase; there is no guarantee that drilling at the Lawson prospect or Genesis Trend will result in a commercial discovery.
  • Projected Demand Volatility: Projections regarding AI power demand (estimated at 120+ GW by 2035) are subject to changes in technology, grid infrastructure limitations, and connection wait times that currently stretch 3–7+ years.
  • Cost Assumptions: The estimated $0.50–$1.00/kg cost for Natural Hydrogen is conceptual and based on early-stage extraction theories; actual costs may be significantly higher depending on geological conditions and infrastructure requirements.
  • Financing and Dilution: Future multi-well programs require significant capital; although the Company has closed a $5 million strategic investment, further funding may result in shareholder dilution.
  • Regulatory Hurdles: Drilling at Bracken and other prospects is subject to provincial licensing and environmental approvals which may be delayed or denied.

The Company provides no assurance that these forward-looking statements will prove to be accurate. Investors are cautioned not to place undue reliance on these statements, which speak only as of the date of this document.