A Canadian Explorer Stakes Its Claim in the Natural Hydrogen Race

Max Power Mining CA57778R1001

The search for the next major energy resource is intensifying, and natural hydrogen is emerging as a prime contender. At the forefront of this nascent sector in Canada is exploration company Max Power Mining, which has reported the country's first confirmed discovery of a natural hydrogen system. While the industry is still in its formative stages, the company is already advancing a second drilling project.

The foundation of Max Power Mining's strategy is its extensive land portfolio in Saskatchewan. The company currently holds approximately 1.3 million acres (521,000 hectares) of permitted terrain, with an additional 5.7 million acres under application. A key geological feature within this territory is the Genesis Trend, a 475-kilometer corridor running parallel to the established Regina-Moose Jaw Industrial Corridor. This proximity to existing infrastructure is a significant advantage. It is within this trend that the company's initial discovery, named Lawson, is located.

Breakthrough Results from the Lawson Site

Located near Central Butte, about 140 kilometers south of Saskatoon, the Lawson site yielded compelling results confirmed in mid-January. Analysis from three independent laboratories—AGAT, Corelab, and PTRC—detected hydrogen concentrations reaching 286,000 parts per million (ppm) in sealed core samples, equating to a 28.6% concentration. Subsequent flow tests showed gas streams with hydrogen levels between 16.8% and 19.07%.

The technical data points to a promising geological source. Following perforation, gas flowed to the surface with strong initial pressure. Its composition, approximately 90% hydrogen-nitrogen mix with no hydrogen sulfide, supports a natural origin. An additional notable finding was the presence of helium, with readings of up to 8.7% in the zone above the basement rock complex.

Immediate Expansion: The Bracken Prospect

Building on this momentum, Max Power Mining announced plans in late January for a second drill site. The target is the Bracken prospect within its Grasslands project, situated along the Saskatchewan-Montana border roughly 325 kilometers southwest of the Lawson discovery. To identify this new target, the company utilized 34.3 line-kilometers of newly acquired 2D seismic data alongside existing information. Licensing was finalized in early February, with drilling operations slated to commence within the same month.

Key Data Points:
* Hydrogen Concentration: Up to 28.6%
* Helium Readings: Up to 8.7%
* Permitted Acreage: ~1.3 million acres
* Second Drill Project: Bracken (Grasslands Project)
* Market Capitalization: ~98.9 million CAD (as of February 2, 2026)

Path Forward: From Discovery to Development

The concurrent advancement of the Lawson and Bracken projects represents a critical phase for Max Power Mining. Success at the Bracken site, mirroring the Lawson results, would substantially strengthen the company's standing in the emerging natural hydrogen sector. The coming months will reveal whether Saskatchewan's geology holds widespread, commercially viable reservoirs. The next set of drill results will be pivotal in determining if these discoveries can transition from promising finds to a foundation for production.

@ boerse-global.de | CA57778R1001 CANADIAN