Max Power Mining Advances Lawson Project with Key Seismic Survey

Max Power Mining advances Canada's first natural hydrogen discovery with a major 3D seismic program in Saskatchewan, aiming for a resource estimate and confirmation well.

Max Power Mining is moving decisively to transform a promising natural hydrogen discovery into a data-backed resource. The company has initiated a major 3D seismic program this week at its Lawson prospect in Saskatchewan. This critical work is designed to pave the way for an initial resource estimate and to pinpoint the optimal location for a confirmation well—essential steps in determining the project’s ultimate commercial viability.

From Discovery to Development: Building a Data Foundation

The impetus for this phase stems from a significant announcement made on January 16, 2026. Max Power reported that a drill hole at the Lawson site, near Central Butte, had confirmed a natural hydrogen system—a first for Canada. The well intercepted hydrogen concentrations of up to 28.6%, alongside helium readings as high as 7%. Industry observers view these figures as highly encouraging, suggesting the potential for eventual economic extraction.

To build upon this discovery, Max Power has commissioned Tetra Tech to conduct the new high-resolution survey. Covering 47 square kilometers, the program commenced the week of February 23, 2026, with all necessary permits in place. The 3D seismic technology aims to produce a detailed subsurface image, specifically identifying geological structures capable of trapping natural hydrogen. The resulting data will form the cornerstone for geological modeling and resource estimation.

Tetra Tech will manage field operations and quality control, while subsequent processing, interpretation, and analysis will be handled by specialists selected by Max Power.

Integrating Data for a Clearer Picture

The seismic campaign is just one component of a broader technical effort. Concurrent laboratory analyses are underway at AGAT Laboratories in Calgary to assess core sample porosity and permeability. Furthermore, an isotopic analysis program is being conducted at the University of Windsor. The company’s strategy involves synthesizing the seismic findings with these laboratory results. This integrated dataset is intended to support a preliminary resource calculation and to guide the planning of the next drilling phase.

A central focus for the upcoming work is scaling the discovery. Key questions remain about the system's overall size and its capacity to deliver sufficient volumes to make future production feasible. The current program is explicitly designed to investigate the deposit’s extent, reservoir quality, and potential deliverability.

A Broader Strategy and Notable Backing

CEO Ran Narayanasamy frames the company's approach as "months-to-molecules," emphasizing a rapid transition from discovery to commercial demonstration. Reflecting this focus, Max Power states it has already engaged in preliminary discussions with potential industrial customers located along the Regina–Moose Jaw Industrial Corridor who have expressed interest in natural hydrogen from the Genesis Trend.

The Lawson prospect is merely the starting point. Along the Genesis Trend, at least 80 additional structures with similarities to Lawson have been identified for further evaluation in the coming months. A multi-well program for 2026 prioritizes other targets, including Radville and Lucky Lake.

Simultaneously, Max Power is advancing a second project named "Bracken." This drill-ready target near the Montana border will test a different, stratigraphic geological concept, based on 34.3 kilometers of new 2D seismic data.

The company’s progress is attracting notable financial support. Prominent investor Eric Sprott, through 2176423 Ontario Ltd., purchased 600,500 shares at CAD 0.8205. Following this transaction, his holdings represent approximately 9.8% of the outstanding shares (non-diluted) or 17.5% on a partially diluted basis, including warrants. Additionally, partner REV Exploration Corp. increased its stake to about 5.0% on January 19, 2026, through warrant exercises. These moves follow a CAD 5 million private placement completed in December 2025, with proceeds earmarked for exploration and development.

Market sentiment appears positive, with the share price currently near €0.98, close to its recent annual high.

Looking ahead, Max Power aims to complete the Lawson 3D seismic survey and execute at least one additional confirmation drill hole in the first half of 2026. The combination of these new measurements, lab analyses, and drilling results is expected to culminate in the project's first formal resource estimate.