Max Power Mining Secures Major Funding Following Hydrogen Discovery

In a significant move to advance its exploration program, Max Power Mining announced a dual strategic initiative on March 9, 2026. The company is pursuing a private placement of up to CAD $20 million and has adopted a shareholder rights plan, actions propelled by a recent, transformative exploration success.

Capital Raise to Fuel Ambitious Drilling Program

The cornerstone of the announcement is a non-brokered private placement aiming to raise up to CAD $20 million. The offering consists of up to 15.38 million units priced at CAD $1.30 each. Hampton Securities Limited has been appointed as the lead agent for the financing, which is scheduled to close around March 20, 2026, pending final regulatory approvals.

Proceeds are earmarked to accelerate work at the company’s flagship project and expand its regional footprint. Concurrently, the board has implemented a shareholder rights plan. Designed to protect shareholder value in the event of an unsolicited takeover bid, the plan aims to ensure the board has adequate time to evaluate any proposals and consider alternatives. Shareholder ratification of the plan will be sought at the Annual General Meeting scheduled for April 17, 2026.

A Groundbreaking Hydrogen Find

The catalyst for this aggressive funding strategy is a landmark discovery confirmed in January 2026. At its Lawson drill site in Saskatchewan, Max Power Mining reported the first successful confirmation of natural hydrogen in Canada. Independent laboratory analysis detected hydrogen concentrations reaching 286,000 parts per million (ppm), equating to a remarkable 28.6% concentration.

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The findings were corroborated by three separate external labs—AGAT, Corelab, and PTRC—which measured hydrogen contents between 16.8% and 19.07% from drill stem tests. This discovery provides strong validation for the company’s geological model along the “Genesis Trend,” a structural feature extending approximately 475 kilometers from Saskatchewan into the U.S. states of Montana and the Dakotas.

Expanding the Exploration Portfolio

With the Lawson discovery de-risked, Max Power Mining is already advancing its next target. The Bracken project, also located in Saskatchewan near the Montana border, represents a distinct geological approach. While Lawson is based on a structural model, Bracken will test a stratigraphic concept, guided by newly acquired 2D seismic data.

The company’s substantial land package forms the foundation for its growth strategy. It currently holds roughly 1.3 million acres of permitted land in Saskatchewan, with an additional 5.7 million acres in the application process.

Operational priorities for the first half of 2026 include conducting detailed 3D seismic surveys over the Lawson discovery area and drilling at least one additional confirmation well. The company’s shares have appreciated approximately 110% since the start of the year, though recent volatility has pulled the price back significantly from its all-time high of €0.99.