MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has mobilized Savanna Drilling Rig #416 to its Lawson Natural Hydrogen Complex in Saskatchewan, marking the start of a multi-well commercial validation drilling program. The company targets what it believes could become the world's first large-scale commercial Natural Hydrogen discovery, building on its previously announced discovery and independent laboratory confirmation.
The initial well will test a target identified through high-resolution 3D seismic, with the program designed to evaluate key commercial parameters such as flow, pressure behavior, continuity, gas concentrations, deliverability, and scalability. This step is critical for assessing the potential of natural hydrogen as a clean energy source, as it occurs naturally in the subsurface and can be extracted with minimal environmental impact.
MAX Power also announced a six-month renewal of its investor awareness agreement with Emerging Markets Consulting, under which it will pay an additional $400,000 for strategic communications and investor awareness services. Additionally, the company granted incentive stock options to certain directors, officers, and consultants to purchase up to an aggregate of 5,235,000 common shares under its omnibus equity incentive plan.
The Lawson Discovery near Central Butte, Saskatchewan, represents Canada's first-ever subsurface Natural Hydrogen system confirmed through deep drilling, with data validated by three independent labs. MAX Power has built dominant district-scale land positions across Saskatchewan, with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen.
The company also holds a portfolio of properties in the United States and Canada focused on critical minerals, highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power's U.S. subsidiary. MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
For more information, view the full press release at https://ibn.fm/yj9WH and follow updates at https://ibn.fm/MAXXF.
