Max Power Mining Corp(CSE:MAXX)

MAX Power was first-mover in Natural Hydrogen in Canada in mid-2024 and has expanded on that leadership with an important breakthrough in the targeting of the world’s first large-scale commercial discovery of this emerging new primary energy source.

Investor website: https://www.maxpowermining.com/

About

MAX Power was first-mover in Natural Hydrogen in Canada in mid-2024 and has expanded on that leadership with an important breakthrough in the targeting of the world’s first large-scale commercial discovery of this emerging new primary energy source. The company confirmed Canada’s first Natural Hydrogen subsurface system through drilling with the Lawson Discovery announced January 16, 2026. MAX Power owns the largest permitted land package in Canada for the exploration and development of Natural Hydrogen – 1.3 million acres, and is well-funded for a multi-well drill program and other initiatives in 2026 after raising nearly $50 million (CDN) in 2026 through private placements and warrant exercises. The company’s largest investor is precious metal financier Eric Sprott.

Verified company data

Cash position
~ 184M
Shares outstanding
6000000
Fully diluted shares
206036262
Mineral resource
MAX Power is advancing toward commercial evaluation of a potentially scalable Natural Hydrogen system in Saskatchewan at a time when demand for reliable, clean baseload energy is accelerating. The completion of a 47 sq. km 3D seismic program at Lawson represents a key step in de-risking the system, enabling more precise definition of structure, reservoir distribution, and fault architecture. This directly supports the planned confirmatory well targeting the apex of the structure, a critical milestone in evaluating flow characteristics and commercial potential.
Projects
["MAX Power Commences Natural Hydrogen Exploration at Rider Project in Saskatchewan, Expands into Ontario-Quebec\n\nVANCOUVER, B.C. (October 3, 2024) – MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“MAX Power” or the “Company”) is pleased to provide the following update on operations as the Company commences field exploration in Saskatchewan and builds on its position as Canada’s largest landholder of claims targeting the country’s first-ever commercial concentration of Natural Hydrogen or accumulations of Natural Hydrogen gas.\n\nHighlights:\n\n- Extensive soil gas sampling has commenced at key blocks along the company’s 3,356 sq. km package of permit applications in southeast Saskatchewan where historical wells have assayed up to 96.4% hydrogen;\n- In addition to soil gas sampling using Petro-Find’s specialized gas probes, multiple other approaches are involved in MAX Power’s Phase 1 Program designed in consultation with its team of industry-leading experts in North America and Europe;\n- The “MAX Model For Natural Hydrogen” accentuates the company’s first-mover advantage in North America and was developed with the goal of rapidly identifying and prioritizing “hot spots” for drilling;\n- In addition to a leading district-scale land package in Saskatchewan, MAX Power in recent months has strategically staked multiple prime claim blocks for Natural Hydrogen in both Ontario and Quebec with details to be announced soon;\n- The goal of the Eastern Canadian properties is to secure near-term partnerships/joint ventures that will drive value for shareholders as the company focuses direct exploration efforts on its core Rider Project in Saskatchewan.\n\nMr. Rav Mlait, CEO for MAX Power, commented: “We are off to a great start in Saskatchewan and we look forward to the possibility of monetizing our Ontario and Quebec assets acquired well before the recent entry of new companies into this rapidly emerging Natural Hydrogen sector, which we’re pleased to see.”","MAX Power Commences Drilling On Lithium Targets Measuring as Thick as 1,600 meters at Willcox, Arizona\n\nVANCOUVER, Canada (December 5, 2023) – MAX Power Mining Corp. (CSE: MAXX; OTC:MAXXF; FRANKFURT: 89N) (“MAX Power” or the “Company”) is pleased to announce that Phase 1 drilling has commenced at the Company’s Willcox Playa Lithium Project in Arizona. Compilation of historical data combined with results from MAX Power’s 2023 geophysics program has given geologists a model for a potential significant discovery at the Playa where first-ever systematic diamond drilling is now in progress.\n\nMAX Power has first-mover advantage at Willcox where the Playa comprises approximately 50 sq. miles (129sq.km) in an area with nearby infrastructure, surrounded by roads, rail, power and services provided by a nearby community.\n\nDiscovery Model Highlights:\n\n- MAX Power is targeting both a property-wide claystone sequence below the Willcox Playa, which has a thickness of up to 1,600 metres, and trapped non potable fluids with the potential to host lithium brines;\n- MAX Power has defined pervasive and significant resistivity low anomalies across most of its 3,754- acre property. Extreme resistivity lows, detected through a recent HSAMT Survey, most probably represent clay-rich sediments, which could comprise lithium targets extending from near-surface to depth;\n- The HSAMT Survey suggests these anomalies are persistent to depths of at least 600 metres below the surface with the thickness of the clay sequence estimated to be 1,200 to 1,600 metres; In addition to the anomalies, the geophysical cross section highlights what appears to be a series of sub- vertical parallel structural controls, possibly faults, that are known in similar settings to concentrate lithium in desert playa environments;\n- A comprehensive review of historical data suggests that illite and montmorillonite, associated with the weathering of silicic volcanic ash tuffs, are the most common clay minerals under the Willcox Playa. Illite at Willcox is described as the “dominant” clay mineral in a PhD thesis. Its formation in a geothermally active, alkaline environment is often significant and can aid in the concentration of lithium. This clay mineral is known to contribute to high-grade lithium values in other claystone lithium deposits.\n\nLithium Concentration Model at the Willcox Playa\n\nThe current model for the deposition and concentration of lithium on and under the Playa involves four key steps:\n\n1) The erosion of the Apache Leap Tuffs (~18.5 Ma), the proposed source rocks which surround much of the playa (Chiricahua Mountains to the south, the Dos Cabezas mountains to the east and the Dragoon and Little Dragoon Mountains to the west, and the Galiuro-Winchester mountains to the north);\n2) The material eroded from the source rocks was then transported to the centre of the valley into a very large brackish lake named Lake Cochise. The Playa is a mere remnant of Pleistocene aged Lake Cochise;\n3) The basin is hydrologically closed, and the fluids for the most part do not exit, other than by evaporation. This created a concentration and compaction of the deposited materials over time. The result was a dry lake with a clay package up to one mile (1,600 metres) thick beneath the current land surface. Refer to Figure 1, a general outline of the source rocks, deposition and concentration;\n4) The nearby Turkey Creek Caldera is proposed as an important heat source to drive geothermal springs in the area and add to the concentration of lithium within the Playa basin.\n\nGeophysical Anomalies\n\nWhen looking at Figure 2, large anomalies are noted as seen by the colours blue and yellow. Values for the anomalies can be less than 1.0 Ω m (Ohm metre). Figure 2 is a plan view slice of the anomalies 100 metres below the surface. The Company has drill targets ranging over 10 km from the far north to the far south of the property to target these anomalies. The gravity low identified by the survey near the centre of the Playa often overlays the anomalies. The HSAMT and gravity surveys strengthen the possibility of lithium accumulation and concentration under the property.\n\nHistorical Context\n\nThe Willcox Playa, situated approximately 200 miles southeast of Phoenix in Cochise County, was historically referenced by the U.S. Geological Survey (USGS), following limited drilling in the 1970’s, as one of the most prospective locations for lithium in the western United States, similar in its potential to Clayton Valley, Nevada, and the lithium brine and claystone deposits that have been identified there. Decades of U.S. Air Force activity in the Willcox Playa has ended, with MAX Power benefiting from first-mover advantage in the area.","MAX Power Launches Lithium Exploration Program in Nunavik, Quebec\n\nVANCOUVER, Canada (July 5, 2023) – MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF) (FRANKFURT: 89N) (“MAX Power” or the “Company”) has commenced field exploration targeting lithium-rich pegmatites in Nunavik, Quebec, where the Company to date has assembled a 306 sq. km land package covering the Raglan West and New Leaf districts. MAX has partnered with GroundTruth Exploration whose logistical expertise, state-of-the-art technology and highly trained crews for Nunavik will heighten discovery possibilities in a vast area that comprises the top third of Quebec.\n\nFor the first time, under-explored Nunavik is the focus of an intense multi-company campaign to discover spodumene-bearing lithium deposits in a prospective geological environment outside the large Cape Smith Belt hosting one of the world’s premier nickel mines at Raglan. Historically mapped pegmatites outside this famous nickel belt have never been previously tested for lithium. In addition, the Quebec government database shows that in these massive district-scale areas, Nunavik hosts the highest values and concentrations of lithium and cesium in lake bottom sediments in the entire province.\n\nExploration Strategy Highlights:\n\nCrews will conduct a first-pass sweep this month of MAX Power’s 184 sq. km Spark Property in the New Leaf Camp in southern Nunavik (refer to Figure 1), followed by a first-pass sweep of MAX’s strategic Raglan West holdings. Both areas feature abundant outcrop;\n- Phase 1 will include mapping, prospecting and sampling, and will prioritize prospective pegmatite zones for Phase 2 follow-up including drilling this summer;\n- An historically mapped pegmatite structure at the Spark Property, exposed intermittently for a distance of approximately 3 km and 300 meters in width, is an early focus of attention.\n- Mr. Peter Lauder, MAX Power Senior Geologist and Exploration Manager, and member of the Order of Quebec Geologists, commented, “We’re incredibly excited about Nunavik’s lithium potential. We have a well-planned program that will cover a lot of ground in just the next few weeks. This is how discoveries are made.”"]
Leadership
Mansoor Jan (CEO), Neil McMillan (Chairman of the Board, Former Chairman of Cameco with extensive experience in the investment industry, mining, and government.), Brent Dunlop (Director, Extensive geological, engineering, and wealth management background, previously Senior Geologist at INCO and P.Eng with Potash Corporation.), Chad Levesque (President and Director, Over two decades of experience in corporate development, capital markets, and investor relations.)

Verified data last updated: 2026-07-03

Recent filings

Investor FAQ