Sprott’s C$2M Stake and a New Finance Chief Underpin Max Power Mining’s Commercial Pivot

Eric Sprott acquires 1M shares as Max Power Mining restructures, eyes natural hydrogen production; stock up 250% YTD, 1,000% over 12 months.

Trading in Max Power Mining shares was suspended briefly on Wednesday as the company disclosed that veteran investor Eric Sprott had snapped up one million shares for roughly C$2 million. The acquisition lifts Sprott’s holding to nearly 13% and arrives at a moment when the junior natural-hydrogen explorer is reinventing itself as a potential producer. Investors have already priced in the shift: the stock is up more than 250% since January and has surged over 1,000% over the past twelve months, closing Wednesday at €1.39.

The capital injection dovetails with a management overhaul aimed at readying the Lawson project in Saskatchewan for commercial evaluation. Tony Van Burgsteden, a former finance chief at uranium miner Orano Canada and at billion-dollar cooperative FCL, has been appointed CFO. He replaces Ryan Cheung and brings the kind of large-scale financial discipline the company needs as it moves beyond pure exploration. The company’s treasury has been bolstered by a recent financing round that raised just over US$20 million, providing the funding runway for the next phase.

Max Power has also brought in external expertise to validate its resource potential. Calgary-based energy consultancy GLJ has been hired to independently model the geology at Lawson. The decision was triggered by high-resolution seismic data collected this spring, which revealed a continuous structure spanning roughly 14 square kilometres. That area, now designated “Lawson Central,” will be the focus of GLJ’s work, which includes estimating commercial viability and optimising the upcoming drill programme. The target is not only natural hydrogen but also helium, a valuable by-product that adds another revenue dimension.

Exploratory success at the nearby Bracken project has added to the bullish narrative. A recently completed well reached a depth of 2,600 metres, intersecting three prospective zones. Two of those zones are deemed suitable for natural hydrogen, while the third returned high helium concentrations averaging 4.4%. The geological picture aligns with growing regional demand for clean energy: Bell Canada is building a C$1.7 billion AI data centre near Regina, directly adjacent to Max Power’s landholdings, pointing to future offtake opportunities.

Despite the stellar share-price performance, the stock remains highly volatile and has become deeply oversold. The Relative Strength Index currently reads around 20, a level that typically signals a potential rebound but also underscores the extreme swings that have accompanied the stock’s rise. To keep European investor relations on track, Max Power has extended its advisory mandate with Tafin GmbH by eight weeks.

All structural preparations are now aligned with a single milestone: a confirmation drill at the crest of the Lawson structure scheduled for mid-2026. That drilling campaign will aim to verify commercial flow rates and provide the data necessary for a formal development decision. With Sprott on the shareholder register, a seasoned CFO in place, and a third-party resource model underway, Max Power Mining is positioning itself to answer the most important question — whether its natural hydrogen system can be turned into a commercial reality.