MAX Power says discoveries could position Saskatchewan as natural hydrogen hub

Staff Writer | April 7, 2026 | 

Image: Max Power Mining

MAX Power Mining (CSE: MAXX) has announced a series of new milestones that it says could “significantly expand the scale and commercial potential” of its natural hydrogen portfolio situated in Saskatchewan, Canada.

The news is highlighted by the successful drilling of the Bracken Well, the completion of a high-resolution 3D seismic survey covering the Lawson discovery and a broad area surrounding the 15-19 discovery well, and the identification of a new Lawson “look-a-like” target just 12 km southwest of the original discovery based on a further review of legacy 2D seismic data.

In January, MAX Power identified a robust target for drill testing of a second natural hydrogen discovery in Saskatchewan. The company reported helium values as high as 8.7% and averaging 4.4% in core desorption tests from nine samples from a zone within the Cambrian Basal sands immediately above the natural hydrogen discovery in the Basement Complex.

These developments, it said, set the stage for a rapid acceleration of plans to establish Saskatchewan as the world’s birthplace of natural hydrogen commercialization, at a time when the world’s need for reliable, clean, affordable baseload energy has never been greater.

MAX Power said its Saskatchewan project benefits from a historic rise in the price of helium, which is often found in association with natural hydrogen, as demonstrated now at Bracken and earlier at Lawson.

The recently completed C$20.5 million raise would allow the company to target multiple new short-term milestones including a follow-up well at Lawson to validate potential commerciality, it said. Funds would also be used to support the completion and testing at Bracken, acquisition of new seismic data at Genesis, Grasslands and elsewhere, further evaluation of dozens of prospects.

In Saskatchewan, Bell Canada has proposed Canada’s largest data centre development within the industrial corridor that adjoins the 475-km Genesis Trend, adding a new potential demand dynamic for natural hydrogen and helium in the region.

By market close in Toronto, MAX Power Mining’s stock was down 6.8%. The Vancouver-based explorer has a market capitalization of C$155.67 million ($112.4 million).