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by Will Purcell
The critical and specialty minerals stocks box score for Thursday was a horrid 45-145-120 as the TSX Venture Exchange slid 23 points to 854. Manganese X Energy Corp. (MN) was a busy trader, dropping one-half cent to 9.5 cents on 1.35 million shares. It moved in silence, its last news coming a week ago.
Ran Narayanasamy's Max Power Mining Corp. (MAXX) lost 12 cents to $1.87 on 588,000 shares Wednesday despite -- or perhaps because of -- word that the company has begun the commercial validation phase at its 2,800-hectare Lawson complex in south-central Saskatchewan. Max Power trumpets Lawson as "Canada's first subsurface natural hydrogen system," which it discovered late last year.
The first well, the company enthuses, which "was spudded last night" -- 9:15 p.m. on Tuesday, for those keen on minuscule details -- was targeting the apex of a large structural closure identified through seismic surveying in spring. That surveying followed the drilling of the Lawson discovery well, about 2,400 metres to the northeast late last year. A new hole is under way and is expected to reach the main targeted discovery area in approximately two weeks.
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permits are helium, after June 2026 Saskatchewan started issuing by auction, hydrogren permits....?....