Max Power Mining Catches Helium Supply Shock as Seismic Work and Sprott Backing Solidify Saskatchewan Push

Max Power Mining's Grasslands project yields 4.4% helium, as global supply shock from Qatar attack sends prices to $69/Mcf. Stock hits €1.63, up 319% YTD, with Eric Sprott raising stake to 12.8%.

Max Power Mining enters the week with a dual-resource thesis that has suddenly gained commercial heft. The company’s Bracken well on the Grasslands project has delivered helium concentrations averaging 4.4 percent, with peak intervals hitting 8.7 percent — figures that reframe the economics of a play long focused on natural hydrogen. The timing is serendipitous: following an attack on Qatar’s Ras Laffan facility in March 2026, roughly 30 percent of global helium supply was knocked offline, sending the North American reference price to nearly US$69 per thousand cubic feet, almost double the pre-attack level.

That helium tailwind dovetails with an equally significant technical milestone. A 3D seismic survey completed in April over the Lawson system has expanded the structural closure to 14.2 square kilometres, up from previous estimates. Max Power is feeding those data into MAXX LEMI, its proprietary AI platform that integrates seismic, drilling and historical subsurface models. The goal is to sharpen the picture ahead of a confirmation well at the crest of the Lawson structure targeted for mid-year — the key test of whether flow rates and pressure behaviour can support a formal development decision.

The company has already secured a memorandum of understanding with the City of Moose Jaw to explore hydrogen offtake opportunities in the Regina-Moose Jaw industrial corridor. While an MoU is not a binding contract, it anchors the project in a region with existing energy infrastructure, logistics and political engagement. Lawson sits near Central Butte, about 80 kilometres northwest of Moose Jaw. Further boosting the demand thesis, Bell Canada is building a billion-dollar AI data centre near Regina, directly adjacent to Max Power’s land positions, opening a potential future offtake avenue.

On the financing and governance front, Max Power named Tony Van Burgsteden as chief financial officer in May 2026, a move aligned with its push toward commercialisation. Meanwhile, prominent resource investor Eric Sprott has raised his position to 12.8 percent on an undiluted basis; fully exercised options would take that stake to nearly 20 percent. Sprott’s involvement adds a layer of credibility that the market has been pricing in aggressively.

The stock closed Friday at €1.63, a new 52-week high, gaining 10.9 percent on the day alone and roughly 40 percent over the prior week. On a year-to-date basis the advance stands at about 319 percent; over a 12-month horizon the gain exceeds 1,100 percent. Yet the technical picture is unusual: the relative strength index sits at 20.5, a level normally associated with oversold conditions, even as the share price trends steeply higher. That anomaly suggests either a consolidation phase or a further acceleration.

What comes next will depend on hard data. Max Power expects to release a further operational update on Lawson from Monday, with details on the commercial assessment being conducted by GLJ Ltd., a Calgary-based energy consultancy, and the next drilling plan. Separately, the company has identified a secondary target dubbed “Lawson Look-a-like” roughly 12 kilometres southwest of the original discovery, indicating potential scalability across its land package of roughly 1.3 million acres in Saskatchewan. The confirmation well at the Lawson crest remains the near-term catalyst that will determine whether the structure can deliver flow rates sufficient to trigger a formal development decision.