MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF)

Disseminated on behalf of MAX Power Mining Corp., may include paid advertisements.

MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF) is emerging as a front-runner in defining a new global energy category centered around Natural Hydrogen. As one of the first public companies to pursue Natural Hydrogen at scale, MAX Power has rapidly transitioned from early-stage exploration to system confirmation and is now advancing toward commercial evaluation.

At its flagship Lawson Project in Saskatchewan, the company has confirmed a working subsurface Natural Hydrogen system through drilling, including the presence of an associated Helium component. Subsequent 3D seismic work has defined a large structural closure and broader system architecture, shifting the project from a single well outcome to a clearly defined subsurface system with multiple high-priority drill targets.

The significance of this progress was recognized at the 2026 Canadian Hydrogen Convention in Edmonton, where MAX Power was named a runner-up in the Project Category for the Lawson Discovery.

The company is now advancing this system toward commercial evaluation through the engagement of GLJ Ltd., a leading independent energy consulting firm. GLJ’s mandate includes reservoir characterization, modeling, and development scenario analysis, forming the foundation for assessing economic potential and a pathway toward potential commercialization.

This progression reflects a broader shift within the global energy landscape. As highlighted by Bill Gates in recent commentary on emerging energy technologies, once a viable Natural Hydrogen system is identified, the ability to locate and develop additional systems may accelerate rapidly as geological understanding improves. MAX Power is positioning itself at the forefront of this inflection point.

Projects

Natural Hydrogen – Saskatchewan

MAX Power controls one of the largest land positions in the Natural Hydrogen sector, with approximately 1.3 million permitted acres.

The company’s flagship Genesis Trend spans approximately 475 km and hosts multiple prospective targets, including Lawson, Lawson South, and numerous additional look-alike structures identified through geophysical interpretation.

The Lawson system represents a critical breakthrough, with drilling confirming Natural Hydrogen and Helium, and 3D seismic defining a 14.2 sq. km structural closure within a broader 28 sq. km complex. This provides a strong foundation for evaluating scale, continuity, and potential commercial development.

Follow-up drill programs begin near-term at Lawson and at the Bracken target, 325 km southwest of Lawson. These two areas support the interpretation of basin-scale potential under multiple geological settings.

The proximity of Lawson and the broader Genesis Trend to Saskatchewan’s largest industrial corridor, including a proposed Hydrogen Hub, enhances the potential for localized energy supply aligned with growing industrial and infrastructure demand.

MAXX LEMI: AI-Driven Subsurface Intelligence Platform with Global Monetization Potential

MAX Power is further differentiated by its proprietary MAXX LEMI platform, an AI-assisted geological framework that integrates seismic data, drilling results, structural interpretation, and legacy subsurface datasets into a unified predictive model. Designed to enhance targeting precision and improve system understanding, MAXX LEMI strengthens the company’s ability to identify high-probability drill locations and evaluate scale and continuity across the Genesis Trend. As the Natural Hydrogen sector evolves, platforms like MAXX LEMI may become critical tools for unlocking discovery at scale, with potential applications across emerging districts globally. This creates a pathway for future monetization through licensing, partnerships, or broader industry adoption.

Notably, MAX Power was selected as a runner-up at the 2026 Canadian Hydrogen Convention in Edmonton in the Digital Innovator category for MAXX LEMI, ranking alongside leading global technology providers and finishing behind Siemens, underscoring the platform’s innovation and relevance within the evolving hydrogen sector.

Advancing U.S. Critical Minerals Asset

MAX Power’s other key asset is its Wilcox Lithium Project in mining-friendly Cochise County in southeast Arizona, where first-ever diamond drilling in late 2023 and early 2024 confirmed the discovery of near-surface lithium-rich clays over a broad area of the Willcox Playa. MAX Power’s property occurs within a nearly 4,000-acre corridor adjacent to U.S. Department of Defense land and benefits from direct access through roads, rail, and power infrastructure. The discovery was made just as lithium entered its final price downturn and is now being actively revisited by the company considering a strengthening lithium market and renewed emphasis on critical mineral development in the United States.

The company is also advancing a proposed “spinout” of its critical minerals portfolio, which is expected to unlock shareholder value and allow for greater strategic focus on the development and commercialization of its Natural Hydrogen platform.

Market Opportunity

The global hydrogen market is entering a period of significant expansion, driven by rising demand for clean, reliable energy across industrial and infrastructure sectors. Today valued at approximately $250 billion and expected to exceed $400 billion by 2030, McKinsey projects hydrogen could reach $2.5 trillion annually by 2050, representing roughly 18 percent of total final energy consumption.

However, current hydrogen production remains constrained by cost and emissions. Conventional hydrogen produced from natural gas typically ranges from $1.50 to $3.00 per kilogram and carries significant carbon emissions. Green hydrogen, produced through electrolysis, can range from $4.00 to $8.00 per kilogram depending on energy inputs and infrastructure, limiting its scalability.

Natural Hydrogen represents a fundamentally different pathway. By sourcing hydrogen directly from subsurface systems, it has the potential to be produced at approximately $1.00 per kilogram or less, offering a compelling combination of lower cost, reduced emissions, and reliable baseload energy. This positions Natural Hydrogen as a potentially disruptive solution within the global energy transition.

Regionally, Saskatchewan is emerging as a strategic hub for hydrogen development. A feasibility study by the Transition Accelerator estimates the Regina–Moose Jaw Industrial Corridor could support a C$708 million annual hydrogen market, with province-wide demand reaching as high as C$2.7 billion per year. Combined with favorable geology and infrastructure, this creates a strong foundation for development.

MAX Power’s positioning at the intersection of scale, infrastructure, and emerging demand places it in a unique position to help define this market as it evolves toward commercial reality.

Leadership Team

Ran Narayanasamy, Chief Executive Officer, Vice-Chairman, & Director, brings extensive experience in energy innovation, subsurface technologies, and project development. Prior to joining MAX Power, he served as President and CEO of the Petroleum Technology Research Centre (PTRC), where he led initiatives focused on subsurface energy systems, including hydrogen, carbon capture and storage, and enhanced resource recovery. At PTRC, he worked closely with industry, government, and research partners to advance emerging energy technologies from technical validation toward real-world deployment. His background in integrating geoscience, engineering, and policy positions him to lead MAX Power through its next phase, focused on advancing from system confirmation to commercial evaluation and development of a scalable domestic energy platform.

Tony Van Bergsteden, Chief Financial Officer & Director, is a CPA and CFA with deep experience in large-scale resource operations. He is the former CFO of Orano Canada and former VP of Finance at Federated Co-operatives Ltd. His background includes capital allocation, financial governance, and strategic planning within complex industrial organizations. His experience also provides valuable alignment with Saskatchewan’s broader hydrogen ecosystem.

Neil McMillan, Director & Chairman of the Board, is the former Chairman of the Board of Cameco, the world’s largest publicly traded uranium company, and has enjoyed a dynamic career spanning several decades in the investment industry, mining and government. Mr. McMillan was on the board of Cameco for 16 years. Notably, he also captained Saskatchewan’s only gold mining company to profitability as President and CEO of Claude Resources, setting up the company for a buyout by Silver Standard Resources for $337 million in 2014.

Rob Norris, Director, was twice elected to serve as Member of the Saskatchewan Legislative Assembly for the riding of Saskatoon-Greystone (2007-2016). He served as Premier Brad Wall’s Minister of Advanced Education, Employment, Labour and Immigration, as well as Minister responsible for SaskPower and Innovation Saskatchewan. He also served as the Premier’s Legislative Secretary for First Nations and Metis Peoples. He currently serves as a senior advisor to EnviroWay, a Saskatchewan-based chemical corporation and associated companies.

Tom Kishchuk, Director & Senior Strategic Advisor for Natural Hydrogen Development, is CEO for the Saskatchewan-based Global Institute for Energy, Mines and Society (GIEMS). He has over three decades of technical and business leadership in national and global organizations focused on the energy sector.

Dr. Phung Khac Hoan, Director, earned his PhD in Petroleum Geology from the Hanoi University of Mining and Geology and is currently General Director of Vietnam-based Big Energy (Bitexco Group) that acquired a significant equity position in MAX Power in late 2025. Big Energy’s team has vast experience in the energy sector from deep drilling to commercial production with an increasing focus on clean energy, as well as investment opportunities outside of Vietnam. Dr. Phung’s leadership, geological insight and production expertise will be invaluable to MAX Power.

Steve Halabura, Chief Geoscientist, has decades of successful experience in the province’s resource sector including a deep understanding of the geological controls on the accumulation of hydrogen, helium, and other industrial gases. He was also instrumental in the early formative stages of the only two Saskatchewan greenfield potash mines to come into existence in the 21st century, these being BHP’s Jansen Project and K+S’s Bethune mine. Jansen is the largest private investment ($14 billion) in Saskatchewan history and is located northeast of MAX Power’s Genesis Trend.

Brent Dunlop, Advisory Board Chairman, is a long-time resident of Saskatoon where he built $700 million in assets under management during a 28-year career in wealth management at RBC. Prior to this, he worked at Inco for 11 years, quickly rising through the ranks to become Senior Geologist in his early 20s. He worked for 11 years at mines in Thompson and Sudbury, including Copper Cliff North and Levack. Following this, Mr. Dunlop spent six years in engineering, research and development as a P.Eng. with Potash Corp. in Saskatchewan.