Max Power Mining Marches Toward Commercial Validation with Moose Jaw Pact and Expanded Seismic Picture

Max Power Mining inks Moose Jaw MOU for hydrogen supply to Bell data center; seismic doubles closure; helium 8.7%; stock up 280% YTD; confirmation well mid-2026.

A memorandum of understanding signed on May 15, 2026 with the city of Moose Jaw has added a concrete commercial dimension to Max Power Mining’s Saskatchewan hydrogen campaign, linking the explorer’s Lawson project directly to one of the region’s largest prospective industrial consumers. Bell Canada plans a 300?megawatt data center in the Regina?Moose Jaw Industrial Corridor, scheduled to begin operations in 2027, and the agreement positions Max Power to supply that facility — potentially before a single tonne of hydrogen has been produced.

The technical foundation underpinning that ambition grew substantially in April, when a high?resolution 3D seismic program more than doubled the mapped structural closure at Lawson to 14.2 square kilometres. Calgary?based energy consultant GLJ Ltd. is now evaluating the system commercially, combining the seismic data with the company’s proprietary AI platform, MAXX LEMI, which integrates drilling results, historical subsurface models and geophysical interpretation. The broader “Lawson Complex” extends across roughly 28 square kilometres, indicating multiple potential production wells carrying both hydrogen and helium.

That helium component is already yielding tangible figures. In the adjacent Bracken field, a well drilled to 2,600 metres encountered a gas blend with an average helium concentration of 4.4 percent and peak readings of 8.7 percent. Service units are scheduled to test the precise composition once weather permits. Max Power controls approximately 1.3 million acres of licence acreage in Saskatchewan, with applications pending on a further 5.7 million acres.

The stock has mirrored the project’s accelerated momentum. It touched a 2026 high of €1.65 on the day the Moose Jaw deal was signed, bringing the year?to?date gain to just over 280 percent. By Wednesday the shares had eased to €1.48, still up 2.77 percent on the session but roughly 11 percent below the recent peak. The relative strength index has slipped to 33, territory that often signals an oversold condition after a sharp run?up.

The company strengthened its financial and operational footing alongside the exploration progress. A March placement raised over C$20.5 million (over US$20 million), and earlier this month Tony Van Burgsteden, formerly of Orano Canada and FCL, took over as chief financial officer. A marketing agreement with Quantum Ventures, effective May 9, will run for approximately six weeks at an upfront cost of US$150,000, aimed at broadening investor awareness ahead of the next critical data release.

All preparatory work now points toward a confirmation well at the crest of the Lawson structure, planned for mid?2026. That test is designed to prove commercial flow rates and provide the basis for a formal development decision. Until then, the share price remains tightly coupled to the pace of technical results, the timing of the drill campaign and the market’s appetite for a story that has moved from pure speculation to the cusp of industrial reality.