Max Power Mining Targets Natural Hydrogen Discovery in Canadian Frontier

A significant natural hydrogen discovery in Saskatchewan by Max Power Mining is drawing fresh attention to this emerging energy resource. The company has confirmed what it describes as Canada's first underground hydrogen system identified through deep drilling—a potentially landmark development for the sector. Notably, the project is attracting investment from prominent figures, including renowned resource billionaire Eric Sprott.

The focal point of this activity is the Genesis Trend, a geological belt stretching approximately 475 kilometers from Saskatchewan into the U.S. states of Montana and the Dakotas. Max Power Mining has secured an extensive position within this trend:

• Approximately 1.3 million acres under existing permits in Saskatchewan.
• An additional 5.7 million acres currently in the application stage.

Geologically, the eastern edge of this trend is particularly promising. It is home to the Prairie Evaporite Formation, which contains the world's largest potash deposits. This substantial salt layer acts as a natural barrier, effectively trapping gases like hydrogen and helium beneath it. The Lawson discovery is therefore situated within a regional structure considered highly conducive to repeatable finds.

The Lawson Well: A Technical Breakthrough

The company's Lawson well, located near Central Butte, Saskatchewan, is the source of the breakthrough. Measurements revealed hydrogen concentrations reaching 286,000 parts per million (ppm), equating to 28.6% H₂. According to Max Power, this represents the first confirmed natural hydrogen system in Canada verified by deep drilling.

Key characteristics of the Lawson discovery include:

• Hydrogen content measuring up to 28.6% H₂ within the wellbore.
• Free gas flow to the surface with solid initial rates and pressures.
• Indicators of a larger reservoir with a strong drive mechanism.
• Elevated helium readings of up to 8.7%, suggesting a potential "stacked gas" system.
• Highly fractured Precambrian basement rocks with favorable source rocks for hydrogen.

Market observers view the combination of high hydrogen concentration, free flow, and helium presence as evidence that this may be more than an isolated occurrence. Investor sentiment appears positive, with the company's shares, currently trading around US$0.62, having increased more than fourfold over the past twelve months.

Eric Sprott Increases Strategic Stake

In a parallel development, Eric Sprott is substantially increasing his exposure to the story. Through his investment vehicle, 2176423 Ontario Ltd., he acquired an additional 600,500 shares at CA$0.8205 per share on January 16, 2026, in a transaction valued at roughly CA$492,710.

Should investors sell immediately? Or is it worth buying Max Power Mining?

Following this purchase, Sprott's holdings now consist of:

• 10,969,818 common shares.
• 10,369,318 share purchase warrants.

This gives him an approximate 9.8% stake on a non-diluted basis and about 17.5% on a partially diluted basis. Such a significant commitment from an experienced resource investor signals strong confidence in the project's future trajectory.

Ambitious 2026 Work Program Outlined

Max Power has laid out an aggressive work plan for the first half of 2026 aimed at advancing the discovery toward resource definition and potential commercialization:

• Resource modeling and estimation based on the extensive existing dataset.
• 47-square-kilometer 3D seismic survey around the Lawson area, scheduled for February.
• A confirmation well, precisely positioned using seismic data, to test economic producibility.
• Stakeholder engagement with industrial off-takers in Saskatchewan and companies in the AI infrastructure sector.

Concurrently, the company is developing MAXX LEMI, an AI-powered "Large Earth Model" designed to enhance global natural hydrogen exploration by defining drill targets more efficiently.

Saskatchewan's Advantageous Jurisdiction

The province of Saskatchewan offers a compelling operational environment. Already a globally significant hub for uranium and potash, it is also Canada's sole helium-producing region. It currently boasts the country's most advanced regulatory framework for natural hydrogen projects.

Furthermore, the Genesis Trend is situated near the Regina-Moose Jaw industrial corridor, where demand for hydrogen is substantial. Proximity to potential end-users could provide a mid-term advantage in project development through shorter transport routes and access to existing industrial infrastructure.

With a market capitalization of approximately CA$83.7 million, Max Power remains a junior explorer. However, the combination of Canada's first confirmed subsurface hydrogen system, a vast land package in a promising trend, and active backing from a leading investor creates a foundation where the results of its 2026 work program will be crucial for valuing the company's potential.