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Max Power Mining Completes Third Well at Lawson Hydrogen Discovery in Saskatchewan

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Max Power Mining (MAXX.CN) completed the third well of Lawson's natural hydrogen discovery in Saskatchewan, which yielded the highest natural hydrogen readings to date, the company said Tuesday.

The company said drilling encountered a 20.5-meter zone that showed elevated hydrogen readings.

Drilling preparations for Lawson 5 are underway. The commercial validation program is nearing comprehensive completions testing aimed at confirming a large-scale commercial discovery of a new primary energy source, a statement said.

"The potential scale of the Lawson Discovery continues to reinforce the geological power of Saskatchewan, the world's leader in uranium and potash. We have hit on each of the first four wells at the Lawson Complex, all within about 2 km of each other, but this is just a fraction (0.001%) of the broader 1,224 sq. km Lawson permit area," aid Max Chief Executive Ran Narayanasamy.

Max Power shares were last seen up CA$0.13 to CA$3.60 on the Canadian Securities Exchange.

Price: $3.62, Change: $+0.15, Percent Change: +4.32%

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