21:53:40 EDT Tue 29 Sep 2026
Enter Symbol
or Name
USA
CA



Max Power Mining Corp
Symbol MAXX
Shares Issued 195,350,898
Close 2026-09-29 C$ 3.25
Market Cap C$ 634,890,419
Recent Sedar+ Documents

Max Power completes casing at Lawson 5

2026-09-29 18:02 ET - News Release

Mr. Ran Narayanasamy reports

MAX POWER'S LAWSON 5 APPROACHES KEY SALT HORIZON IN 30-KM STEP-OUT TESTING BASIN SCALE NATURAL HYDROGEN POTENTIAL

Max Power Mining Corp.'s Lawson 5 is proceeding as expected with intermediate casing completed yesterday at approximately 1,100 metres (measured depth). The first major horizon of interest within the next several hundred metres will be the Prairie evaporite, interpreted to be a key trap and seal feature for the accumulation of natural hydrogen. At deeper levels, a faulted fracture system controls the basement complex dissolution process of the evaporite salt and will be of intense interest to the Max Power technical team as it attempts to significantly expand the scale of the Lawson discovery.

Lawson 5 is a 30-kilometre stepout northeast of Lawson 4 and is testing the potential west-to-east extension of Canada's first subsurface natural hydrogen system all the way from the first four wells near Central Butte to the salt wall at the edge of the Prairie evaporite. The salt wall corridor continues north-south for 475 km through the Max Power-dominated Genesis trend to the Saskatchewan-North Dakota border, further highlighting the potential scale implications of success at Lawson 5.

Steve Halabura, Max Power chief geoscientist, commented: "Upon initial review of drill core from key intervals, Lawson 4 is even more exciting to us, so we very much look forward to results from Lawson 5. We know that fluids and gases have migrated updip from the southwest toward the salt wall. We had no hesitation in stepping out 30 kilometres -- we continue to vigorously test a geological model we have had great success with from the start. Detailed planning for our completions round continues, and we look forward to sharing more details on that very soon."

Why this matters to investors

Lawson 5 represents a pivotal test of scale for Max Power. The first four Lawson wells have progressively defined Canada's first confirmed subsurface natural hydrogen system. Now, approximately 30 km northeast, Lawson 5 is beginning to test whether the geological architecture identified at Lawson extends toward the salt wall and into a much larger regional setting. The salt wall corridor continues for approximately 475 km through the Genesis trend toward North Dakota while Bracken, approximately 325 km southwest on a different trend, contains multiple prospective natural hydrogen and helium zones. Together, these targets are expanding the exploration thesis well beyond the boundaries of a single discovery area.

The bigger opportunity is basin scale. Lawson 5 is testing potential geological scale while coming completions at Lawson and Bracken are designed to address the critical commercial questions of composition, flow and deliverability. At the same time, every well expands the proprietary geological, geophysical and reservoir data set feeding Maxx LEMI. Max Power is therefore advancing two increasingly connected assets: the natural hydrogen opportunity beneath Saskatchewan and the intelligence being built to understand and potentially identify these systems at greater scale.

Amended marketing agreement

Max Power has amended its investor marketing and consulting agreement with RazorPitch Inc., previously announced in the company's news release dated Sept. 15, 2026, to expand the scope of services and increase the compensation payable thereunder.

Under the amendment, RazorPitch will provide additional investor awareness marketing services, including digital, social, influencer and broker marketing, together with news amplification services, in addition to the services previously disclosed under the agreement.

In consideration for the additional services, the company will pay RazorPitch an additional cash fee of $200,000 (U.S.), bringing total cash consideration payable to RazorPitch under the agreement, as amended, to $350,000 (U.S.). No securities of the company are issuable to RazorPitch as compensation under the agreement, as amended.

All other terms of the agreement remain unchanged. To the knowledge of Max Power, RazorPitch and its principals remain at arm's length to the company and do not hold any securities of the company. RazorPitch is responsible for ensuring that its promotional activities comply with applicable securities laws and Canadian Securities Exchange policies.

Engagement of PRmediaNow Inc.

The company has re-entered into a service agreement with PRmediaNow to provide media outreach and communications services aimed at increasing awareness of the company and its business activities. Such activities will take place to generate editorial earned media coverage with mainstream media outlets, trade publications, podcasts and other media verticals.

PRmediaNow will receive compensation of $5,000 per month for a six-month term, commencing Sept. 1, 2026, and ending March 1, 2027. In addition, the company has granted PRmediaNow 75,000 stock options exercisable at a price of $3.68 per common share for a period of 24 months from the date of grant, subject to the policies of the Canadian Securities Exchange.

PRmediaNow is headquartered in Ottawa, Ont., with a satellite division in Tampa, Fla. The firm specializes in securing earned media coverage and producing video content, including shareholder-focused interviews hosted by veteran broadcaster Cyndi Edwards. Ms. Edwards has hosted television news programs in both the United States and Canada, most recently anchoring a morning show syndicated across 180 U.S. markets.

About Max Power Mining Corp.

Max Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The company's Lawson discovery near Central Butte, Sask, represents Canada's first ever subsurface natural hydrogen system confirmed through deep drilling with data validated by three independent labs. Max Power has built dominant district-scale land positions across Saskatchewan with approximately 2.5 million acres (approximately one million hectares) of permits covering prime exploration ground prospective for large-volume accumulations of natural hydrogen, and has commenced a multiwell follow-up drill program to validate the commerciality of the broader Lawson complex interpreted to cover a 28-square-kilometre area along the 475-kilometre Genesis trend. Max Power also holds a significant equity position in Homeland Critical Minerals, which now owns the Willcox project in Arizona, a lithium discovery confirmed in early 2024 by Max Power. Max Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement and strong corporate governance.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.