Announcement • Aug 10
Max Power Mining Corp. announced that it expects to receive CAD 10 million in funding from 2176423 Ontario Ltd. Max Power Mining Corp. announced a non-brokered private placement with Eric Sprott to issue 4,000,000 units at an issue price of CAD 2.50 for gross proceeds of CAD 10,000,000 on August 10, 2026. The transaction includes participation from returning investor, 2176423 Ontario Ltd., a corporation beneficially owned by Sprott. The offering is expected to close on August 17, 2026. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles Sprott to purchase one common share at a price of CAD 3.25 per warrant share for a period of 24 months from the closing date of the private placement. All securities issued in connection with the private placement are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. Closing of the private placement is subject to customary closing conditions, including the approval of the Canadian Securities Exchange. Prior to the completion of the private placement, Sprott, through 2176423 Ontario Ltd., beneficially owns and exercises control over 30,984,979 common shares and 24,638,548 common share purchase warrants, representing approximately 17.6% of the issued and outstanding common shares on a non-diluted basis and approximately 27.8% on a partially diluted basis, assuming the exercise of such warrants. Following the completion of the private placement, Sprott, through 2176423 Ontario Ltd., will beneficially own and exercise control over 34,984,979 common shares and 28,638,548 warrants, representing approximately 19.5% of the issued and outstanding common shares on a non-diluted basis and approximately 30.5% on a partially diluted basis, assuming exercise of all Warrants beneficially owned or controlled by Sprott. The company will seek shareholder approval at the special meeting of shareholder to be scheduled on August 20, 2026. Announcement • Aug 06
MAX Power Mining Corp Commences Second Commercial Validation Well At Lawson To Triangulate Canada’s First Natural Hydrogen Deposit MAX Power Mining Corp. reported that after successfully casing the Lawson 2 well, which further supports the existence of a large and robust Natural Hydrogen system at the 28 sq. km Lawson Complex, commercial validation drilling has moved approximately 2.2 km to the east to a location that will triangulate the deposit for modelling by GLJ Ltd. Drilling at Lawson 3 began last evening (Aug. 5). This well was spudded 1.2 kilometers south of the original Lawson Natural Hydrogen Discovery (Lawson 1) which achieved total depth of 2,278 meters and recorded Natural Hydrogen free gas flow to surface with significant concentrations during the completions stage. Concurrently with the drilling of Lawson 3, GLJ is carrying out extensive data integration from the first two wells and will work with the MAX Power technical team to further advance the modelling of the deposit and select an optimal location for the drilling of Lawson 4. Completions testing and a potential production well will follow Lawson 4. Lawson 2 has further demonstrated that we’re into a large Alkaline igneous complex with all the ingredients necessary to generate accumulations of Natural Hydrogen – the right source rocks, migration pathways, reservoirs, seals and traps. Core from Lawson 2 is now ready for full visual inspection and analysis. Approximately 860 meters of continuous Natural Hydrogen readings from gas detection system including highest readings recorded to date at Lawson. Strong evidence of an enhanced fracture system, part of the generative mechanism for Natural Hydrogen. “Exotic terrane” source rocks favorable for Natural Hydrogen. 120 meters of core recovered from the basal Deadwood and the Precambrian basement complex, including the most core (89.2 m) recovered from the basement complex from a single well in Saskatchewan history (just over 100 drill holes out of approximately 167,000 in the provincial database have ever even penetrated the basement complex according to the Saskatchewan Geological Survey). Lawson 2 was extended beyond its originally planned depth to a total measured depth of 2,440 meters, 162 meters deeper than Lawson 1, before being terminated in competent Precambrian basement rock. Lawson 2 is confirming a very large system first indicated by the 3D seismic survey this past spring following the initial drilling discovery. The broader Lawson permit area is 1,224 sq. km. The combination of continuous elevated Natural Hydrogen readings over approximately 860 meters at Lawson 2, stronger readings than the original discovery well, and increasing evidence of a robust basement fracture system continues to strengthen the geological model while expanding the Company's understanding of the broader Lawson system. Drilling at Lawson 3, up-dip about 1.2 km south of the original discovery, will now attempt to triangulate a Natural Hydrogen deposit to aid in the understanding of the potential volume of this system that has yet to be constrained. While commerciality will ultimately be determined through the completion program and subsequent flow, pressure, concentration, and reservoir performance testing, every milestone achieved during this program represents another step toward commercial validation. Together, these results are helping define the technical foundation for what could become the world's first large-scale commercial Natural Hydrogen system and development of a new primary energy source. Announcement • Jul 31
MAX Power Mining Corp Reports Drilling Results At Lawson Natural Hydrogen Discovery MAX Power Mining Corp. reported that drilling of the first well of a multi-well commercial validation drill program at the Lawson Natural Hydrogen discovery near Central Butte, Saskatchewan, has encountered additional Natural Hydrogen-rich fractures. It’s also achieving 100% core recovery and continues beyond its originally planned depth. Following the first 63 meters of core recovered from the Deadwood Formation and the Precambrian in Core #1, as reported in MAX Power’s July 27, 2026 news release, an additional 57 meters has been recovered from Cores #2 and #3, with Core #3 terminated at 2,397 meters. Cores #2 and #3 feature “exotic terrane” rocks that produced the highest gas detection readings recorded to date at Lawson, even beyond the highly elevated readings from Core #1. This has also continued the string of continuous Natural Hydrogen readings, along with helium spikes, that started just below 1,500 meters in the Upper Devonian. Drilling has resumed past 2,400 meters and the Company looks forward to providing a fresh update during the week of August 3. The first 120 meters of core are now at AGAT Laboratories in Calgary for extensive core analysis. Every major resource industry reaches a defining moment when it transitions from discovery toward commercial validation. This well represents that moment for MAX Power. For the first time, the Company is testing whether Canada's first confirmed Natural Hydrogen subsurface discovery can demonstrate the scale, continuity, and reservoir characteristics required for commercial development. The combination of continuous elevated Natural Hydrogen readings over 858 meters through Core #3, stronger readings than the original discovery well, and increasing evidence of a robust basement fracture system continues to strengthen the geological model while expanding the Company's understanding of the broader Lawson system. While commerciality will ultimately be determined through the completion program and subsequent flow, pressure, concentration, and reservoir performance testing, every milestone achieved during this program represents another step toward commercial validation. Together, these results are helping define the technical foundation for what could become the world's first large-scale commercial Natural Hydrogen system and development of a new primary energy source. Lawson Complex #1 represents Canada’s first Natural Hydrogen subsurface system, a 28 sq. km area of focus within a broader permitted land package comprising 1,224 sq. km (the “Lawson Project”). Notably, multiple Lawson Complexes are possible within the massive under-explored Lawson Project. The permitted Aurora Project (628 sq. km) adjoins the southeast corner of the Lawson Project, striking southeast toward Moose Jaw, and represents what may be another set of complexes with many Lawson look-a-like features. Multiple Natural Hydrogen systems are possible within the Aurora Project, similar to the situation at Lawson. The Lawson-Aurora combination gives MAX Power permits covering a contiguous 90-km-long area striking northwest-southeast (1,852 sq. km). Aurora is favorably situated along a major highway and rail transportation corridor adjacent to heavy industry and emerging AI infrastructure. Multiple other permitted projects along Genesis give MAX Power a dominating position in Canada’s most exciting corridor for Natural Hydrogen discovery and development. 
