- MAX Power Mining (MAXXF, Financial) secures 1.3 million acres on permit, with 5.7 million acres under application for Natural Hydrogen exploration in Saskatchewan.
- First known deep subsurface Natural Hydrogen occurrence identified in Western Canada.
- Strategic alliance formed with REV Exploration, costing $350,000 in cash, shares, and warrants.
MAX Power Mining Corp. (CSE: MAXX) (OTC Pink: MAXXF) (FSE: 89N) has made a groundbreaking discovery in Southern Saskatchewan, identifying rare basement source rocks as a potential Natural Hydrogen source. This marks Western Canada's first known deep subsurface occurrence of such hydrogen, significantly bolstering exploration potential in the region.
The company's geological team has developed a five-element model to support this discovery, which includes the Genesis Trend and the Grasslands Project. These areas, characterized by promising structural formations, represent key focus points for future exploration. The Genesis Trend, a 200-km-long belt, is strategically located near the proposed Hydrogen Hub in the Regina-Moose Jaw Industrial Corridor.
To capitalize on this discovery, MAX Power has secured exploration permits covering 1.3 million acres and has applications for an additional 5.7 million acres. This vast land acquisition was fortified through a strategic partnership with REV Exploration (TSXV: REVX), involving a $350,000 cash payment, alongside shares and warrants.
Further strengthening its team, MAX Power has appointed Shayne Neigum as VP-Exploration. With a background in moving exploration projects toward production, Neigum's addition aims to accelerate the company's plans for a multi-well drill program targeting commercial Natural Hydrogen discovery.
The company's CEO, Mansoor Jan, emphasized that the potential scale for Natural Hydrogen discovery in Saskatchewan exceeds initial expectations, highlighting the pro-resource jurisdiction and the strategic size and scalability of the land package.
Stay updated with MAX Power Mining's advancements as they trailblaze the Natural Hydrogen exploration arena, potentially setting a new precedent in the energy sector.
