Seismic Data Doubles Hydrogen Trap Size as Max Power Mining Secures Moose Jaw Partnership

Max Power Mining's Saskatchewan natural hydrogen project advances with expanded 14.2 sq km trap, Moose Jaw MOU, helium finds, and Eric Sprott investment. Stock up 1,114% in 12 months.

Max Power Mining has entered a critical phase in its Saskatchewan natural hydrogen play, armed with a freshly signed municipal partnership and a seismic dataset that exceeded expectations. The agreement with the city of Moose Jaw, signed on May 15, 2026, gives the company a direct line to industrial infrastructure along the Regina-Moose Jaw corridor — a key ingredient for turning exploration into commercial production.

The 3D seismic campaign completed in April proved to be a game-changer. It more than doubled the structural closure at the Lawson complex, delineating a trap of 14.2 square kilometers, far larger than initial projections. That data underpins a confirmation drilling program slated for mid-2026 targeting the crest of the structure, with the aim of proving flow rates that could support commercial development. Max Power has previously described Lawson as Canada’s first dedicated natural hydrogen drilling project.

The Moose Jaw memorandum of understanding is more than a ceremonial document. The city sits at a logistical crossroads for transport, energy infrastructure and potential offtakers. Lawson lies about 80 kilometers to the northwest, and the so-called Genesis Trend cuts directly through the corridor. CEO Ran Narayanasamy has positioned Saskatchewan as a potential first mover in the natural hydrogen sector, but the resource alone is not enough — access to customers, permits and transportation routes is what moves projects forward.

Helium adds another layer of economic logic to the story. At the Bracken drill site, Max Power reported concentrations as high as 8.7 percent, with an average of 4.4 percent. Helium commands strong industrial demand and can help offset early project costs. For a pre-revenue company, every data point that goes beyond speculation matters.

Behind the operational news, the shareholder register is shifting. Eric Sprott — a name that carries weight in Canadian resource investing — acquired 1 million shares at an average of C$2.02 apiece, a total outlay of roughly C$2.02 million. His stake now stands at 12.8 percent of outstanding shares, or 19.5 percent on a partially diluted basis counting convertible instruments. The company also strengthened its executive bench: Tony Van Burgsteden, former CFO of uranium producer Orano Canada and the billion-dollar cooperative FCL, has taken the helm as chief financial officer — a move that signals readiness for a more capital-intensive development phase.

The stock closed at €1.63 on Friday, marking a new 52-week high and a year-to-date advance of roughly 318 percent. Over the past 12 months, the gain stretches to 1,114.93 percent. Yet the relative strength index sits at 20.5, technically in oversold territory — an unusual reading that suggests buying momentum may have temporarily exhausted despite the upward trend.

Max Power is not betting solely on Saskatchewan. Its portfolio includes a lithium project at Willcox Playa in Arizona, where it has identified high-grade lithium in claystones across 50 square miles, plus interests in Quebec and Ontario. Neighbouring explorer Makenita Resources doubled its land position in Saskatchewan to 51,304 acres, directly adjacent to Max Power’s project area. Meanwhile, the company hired Daniella Atkinson as a social media and communications consultant — a sign that it is working to build retail investor reach on platforms like TikTok and Instagram.

The operational update due in the week of May 18 is expected to outline early synergies between the Lawson project and regional industry. For a stock that has already priced in extraordinary expectations, the next test is whether the technical data and municipal backing can translate into a credible commercial blueprint.