Max Power Mining Advances Key Projects Following Major Capital Raise

Max Power Mining is accelerating the development of its hydrogen and helium portfolio in Saskatchewan, Canada, backed by a substantial new capital infusion. The company has closed a financing round totaling $20.5 million, providing the resources for an active second quarter. This period will see progress on existing drill sites and the evaluation of a newly identified target zone.

Financial Strength Fuels Multi-Pronged Strategy

The recently secured $20.5 million in funding positions the company to execute a detailed capital allocation plan in the current quarter. This liquidity is earmarked for several concurrent initiatives:
* A follow-up drilling operation at the original Lawson site to assess commercial viability.
* Completion and testing phases for the Bracken well within the Grasslands project.
* Acquisition of new seismic data across both the Genesis and Grasslands project areas.
* Evaluation of dozens of existing target zones on the company’s expansive land holdings.

With a current inventory of 1.3 million permitted acres and an additional 5.7 million acres under application, Max Power is building a significant position to meet rising regional energy demand, partly driven by planned large-scale data centers in the province.

Exploration Success and New Discoveries

A key development is the identification of a new target area named “Lawson Southwest.” Located approximately 12 kilometers southwest of the initial Lawson discovery, this prospect was pinpointed through analysis of historical 2D seismic data. Management notes that the geological features, including a distinct dome-like surface structure, closely resemble those at the first find. This similarity reinforces the potential for repeatable success along the 475-kilometer Genesis Trend.

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At the core Lawson location, a high-resolution 3D seismic survey covering 47 square kilometers has been completed. Initial data is reported to be of high quality and will be used to better define the reservoir geometry, thereby de-risking the placement of future drill sites. Specific results from this 3D survey are anticipated in the second half of April 2026. Based on this analysis, a confirmation drill at the highest point of the Lawson structure is already planned for mid-year, aiming to transition from pure exploration to commercial assessment.

Project-Specific Progress Updates

The company has also provided updates on its ongoing field operations. Drilling at the Bracken well in the Grasslands project has concluded. Preliminary data from a depth of 2,600 meters indicates a mixed gas interval containing both helium and natural hydrogen. Furthermore, two additional zones dominated by hydrogen were encountered in deeper formations. Following the standard regional spring break, completion and testing work at this site is scheduled to commence in Q2 2026.

This concerted push across multiple fronts underscores Max Power Mining’s strategy to rapidly advance its Saskatchewan assets from exploration to potential development.