MAX Power Mining
MAX Power Mining Corp. is a Canadian publicly-traded Natural Hydrogen exploration company developing Canada's first confirmed subsurface Natural Hydrogen system at the Lawson Complex in Saskatchewan, controlling 1.3 million permitted acres along the 475-km Genesis Trend and applying its proprietary MAXX LEMI AI targeting platform to position for industrial and AI data center offtake.
- Company typePublic
- Founded2022
- HeadquartersBurnaby, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What MAX Power Mining does
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) is a Canadian publicly-traded mineral and energy exploration company headquartered in Regina, Saskatchewan, focused on the exploration and potential commercialization of Natural Hydrogen (also referred to as gold or white hydrogen) and co-produced Helium. The company controls the largest permitted Natural Hydrogen land package in Canada — approximately 1.3 million acres (521,000 hectares) of permits plus 5.7 million acres under application, predominantly in southern Saskatchewan along the 475-km Genesis Trend corridor, with smaller critical minerals interests in Arizona, Quebec, and Ontario. In January 2026, MAX Power confirmed Canada's first-ever subsurface Natural Hydrogen system at the Lawson Complex near Central Butte, Saskatchewan, with measured hydrogen concentrations up to 286,000 ppm (28.6%), free gas flow to surface, and co-produced helium averaging ~4.4% with peak readings of 8.7%. The Lawson Complex covers 28 sq. km with a 14.2 sq. km 3D-seismic-delineated structural closure, and a multi-well follow-up drilling program is ongoing at the adjacent Bracken well.
The company's technology stack centers on the proprietary MAXX LEMI (Large Earth Model Integration) platform, an AI-empowered exploration targeting system that integrates seismic surveys (3D and 2D), drilling results, structural interpretation, and legacy subsurface datasets to identify and prioritize Natural Hydrogen prospects. Exploration work is supported by drilling contractor Savanna Drilling, 3D seismic contractor Tetra Tech, laboratory analyses from AGAT Laboratories and the University of Windsor, and independent resource evaluation by GLJ Ltd. Adjacent to the Regina-Moose Jaw Industrial Corridor, the company is positioning Lawson as a potential anchor for industrial decarbonization and AI data center power applications, including a June 2026 MOU with TerraVolt Energy, EcoTech Building Solutions, and Carbon Neutral Growth Fund, and an application under Canada's Sovereign AI Compute Infrastructure Program.
The business model is currently exploration-stage with no operating revenue; the company has been funded through a series of private placements totaling nearly $50 million CDN in 2026, including a $20.5 million brokered LIFE offering (March 2026) and a $25 million strategic placement (May 2026), both led by legendary mining financier Eric Sprott who holds 19.0% of shares non-diluted (29.6% partially diluted). Strategic shareholder Big Energy (Bitexco Group affiliate, Vietnam) holds approximately 14.5% following warrant exercises. In June 2026, the company announced the divestiture of its Arizona lithium assets to Homeland Critical Minerals Corp. in exchange for ~50% equity in that planned spinout, sharpening its focus to a pure-play Natural Hydrogen developer. Future revenue is anticipated from hydrogen and helium offtake agreements with industrial users and AI infrastructure operators, though no binding offtake agreements or defined resources/reserves exist as of the latest disclosures.
MAX Power Mining firmographics
Firmographics- Name
- MAX Power Mining
- Legal name
- MAX Power Mining Corp.
- Website
- https://maxpowermining.com
- Company type
- Public
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- MAX Power Mining Corp. is a Canadian publicly-traded Natural Hydrogen exploration company developing Canada's first confirmed subsurface Natural Hydrogen system at the Lawson Complex in Saskatchewan, controlling 1.3 million permitted acres along the 475-km Genesis Trend and applying its proprietary MAXX LEMI AI targeting platform to position for industrial and AI data center offtake.
- Ownership category
- akta.pro rank
MAX Power Mining industry classification
Industry- Product category
- Natural Hydrogen Exploration
- NAICS
- Oil and Gas Extraction (2111), Support Activities for Mining (213), Support Activities for Metal Mining (213114)
- SIC
- Oil & Gas Field Exploration Services (1382), Metal Mining (1000)
- akta.pro primary industry
- Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)
- akta.pro secondary industries
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Mine Surveying & Geospatial Services (Survey, Drone/LiDAR, GIS, Grade Control) (IMAKAKAK)
Keywords
Where MAX Power Mining is headquartered
LocationHeadquarters
- HQ city
- Burnaby
- HQ country
- Canada
- HQ region
- North America
Offices4 records
Markets served
MAX Power Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Marketing or Sales, Technology or R&D, Personnel, Others
Revenue model
- Pre-revenue Natural Hydrogen Exploration: MAX Power is a pre-revenue mineral and energy exploration company. The Company's properties remain in the exploration stage with no resources or reserves defined to date. Future revenue is anticipated from commercialization of Natural Hydrogen and Helium production, with no current operating revenue. The Company has raised nearly $50 million (CDN) in 2026 through private placements and warrant exercises.
- Capital Markets Financing: Company has been funded through multiple private placements: $1.9M (May 2024), $2.45M-$4.45M (Aug 2025), $5M from Big Energy/Bitexco (Dec 2025), $20.5M brokered offering led by Eric Sprott (March 2026), $25M strategic investment from Eric Sprott (May 2026), plus warrant exercises generating over $5M+. Hampton Securities Limited served as lead agent on brokered offerings.
- Equity Stake in Homeland Critical Minerals: Strategic transaction in which MAX Power sold MAX Power Resources LLC (Willcox Lithium Project) to Homeland Critical Minerals Corp. in exchange for 11 million Consideration Shares representing just under 50% of Homeland's issued and outstanding shares (~$1.1 million aggregate fair market value), preserving exposure to lithium upside while pursuing Homeland's intended listing on a Canadian stock exchange.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | — | Not publicly disclosed - pre-revenue exploration company |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels10 records
MAX Power Mining product offering
Product offeringCore offering
MAX Power Mining is a publicly-traded natural hydrogen and critical minerals exploration company focused on discovering and developing subsurface Natural Hydrogen deposits, principally in Saskatchewan, Canada. Its flagship is the Lawson Natural Hydrogen Complex — Canada's first confirmed subsurface Natural Hydrogen system — supported by the 475-km Genesis Trend corridor and additional Saskatchewan projects (Bracken/Grasslands, Rider, Choiceland). The company is pre-revenue, with no defined resources or reserves, and uses its proprietary AI-assisted MAXX LEMI platform to prioritize drilling targets.
Product overview
MAX Power Mining's offering is a portfolio of distinct exploration projects unified by a proprietary AI-assisted exploration platform (MAXX LEMI) rather than a single SaaS product. The core offering is the Lawson Natural Hydrogen Complex, Canada's first confirmed subsurface Natural Hydrogen system, situated along the 475-km Genesis Trend corridor in Saskatchewan. Supporting this flagship are the Grasslands/Bracken and Rider Projects in Saskatchewan, and the Choiceland Project for additional Natural Hydrogen prospects. On the critical minerals side, the company holds the Willcox Playa Lithium Project in Arizona (planned for spinout into Homeland Critical Minerals), the James Bay and Nunavik Lithium Projects in Quebec, and the Nicobat Ni-Co-Zn-PGE's Project in Ontario. All Natural Hydrogen exploration efforts are integrated and prioritized through MAXX LEMI, the proprietary AI-empowered Large Earth Model Integration platform that combines seismic, drilling, structural, and legacy data into a unified targeting system, with GLJ Ltd. retained to independently evaluate and help develop the platform.
Differentiator
Problem solved
Functional benefit
Brands
- MAXX LEMI: Proprietary AI-assisted Large Earth Model Integration (MAXX LEMI) platform developed by MAX Power Mining to identify and prioritize natural hydrogen exploration targets by integrating seismic data, drilling results, structural interpretation, and legacy subsurface datasets.
- Homeland Critical Minerals
Products and services
- Lawson Natural Hydrogen Complex MAX Power's flagship Natural Hydrogen project near Central Butte, Saskatchewan — a 28 sq. km exploration complex hosting the first confirmed subsurface Natural Hydrogen system in Canada, with 14.2 sq. km structural closure delineated by 3D seismic and multiple drill-ready targets for industrial buyers and AI infrastructure partners.
- Genesis Trend Corridor A 475-km-long Natural Hydrogen prospective corridor in southern Saskatchewan defined by a flanking Prairie Evaporite 'Salt Barrier' hosting the world's largest potash reserves. Contains 80+ early-stage prospects and is contiguous to the Regina-Moose Jaw Industrial Corridor demand center.
- Bracken / Grasslands Project MAX Power's second Natural Hydrogen well located approximately 325 km southwest of Lawson in the Grasslands Project near the Montana border. Tests a stratigraphic trapping mechanism distinct from Lawson's structural play.
- Rider Natural Hydrogen Project Original Natural Hydrogen project in Saskatchewan with eastward extension to the Manitoba border, covering favorable geophysical anomalies and basement architecture. Historical hydrogen grades reported up to 87.1–96.4%.
- Choiceland Natural Hydrogen Project
Quantifiable outcome
- Hydrogen concentrations up to 286,000 ppm (28.6%) with free gas flow to surface from Canada's first subsurface Natural Hydrogen well at Lawson
- +9 more outcomes
Companies that use MAX Power Mining
Customer profileNamed customers3 records
Ideal customer profiles3 records
MAX Power Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability2 records
Feature5 records
MAX Power Mining partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered minor, core and flagship.
- Stockchain Capital LLCminorEngaged to provide investor relations and marketing services directed at German-speaking investor audience, including creation of articles and content for financial platforms and newsletters. Engagement June 15, 2026 for initial term of 12 weeks ending September 6, 2026. Compensation: up-front cash fee of $232,000 (USD) or 200,000 euros. Principal is Hai Nam Tran, Director.
- X Media Inc. SEZCminorEngaged to provide investor awareness and marketing services including YouTube science-media campaign, email marketing campaign, media campaign, and public relations campaign across digital and media platforms. Initial term of six months, auto-renewing for successive three-month terms. Compensation: cash fee of $500,000 (USD). Principal is Melissa Destarac, CEO.
- Homeland Critical Minerals Corp.coreShare Purchase Agreement to sell MAX Power Resources LLC (owning the Willcox Playa Lithium Project) to Homeland in exchange for 11 million Consideration Shares representing just under 50% of Homeland's issued and outstanding shares (~$1.1 million aggregate fair market value). Homeland intends to pursue a listing as soon as possible on a Canadian stock exchange. MAX Power may distribute some or all shares to MAX Power shareholders.
- TerraVolt Energy, LLCflagshipNon-binding MOU with TerraVolt Energy (advanced AI infrastructure and distributed energy systems company) to evaluate integrating Natural Hydrogen, modular power systems, sustainable building infrastructure, and produced brine waters from Lawson into next-generation AI and HPC infrastructure. TerraVolt manages a power portfolio exceeding 12 GW (enough to power ~10 million homes). CTO Steven Lund brings experience from Apple, Cisco, Hewlett Packard. Also collaborating on application under Canada's Sovereign AI Compute Infrastructure Program.
- EcoTech Building SolutionscorePart of the MOU collaboration to deliver resilient, non-combustible, energy-efficient building systems supporting faster construction, stronger thermal performance, and long-term operational reliability for AI data center infrastructure powered by Natural Hydrogen. President Chad Dorsett leads the engagement.
- Carbon Neutral Growth FundcorePart of the MOU collaboration focused on shaping a cleaner, more responsible data center development model combining renewable power, water recycling and reuse, and meaningful community participation alongside Natural Hydrogen production. Keith M. Lewis leads engagement.
- JOGMEC (Japan Organization for Metals and Energy Security)coreJapanese government agency for securing stable supplies of energy and critical mineral resources. Hosted the Natural Hydrogen Expert Workshop at its Technology & Research Center in Chiba, Japan on May 28, 2026, where CEO Ran Narayanasamy delivered a featured presentation and participated in expert panel discussion. Workshop included representatives from 50+ companies and organizations.
- City of Moose JawcoreMOU signed to jointly advance strategic opportunities related to Natural Hydrogen commercialization within the Regina-Moose Jaw Industrial Corridor. Aligns regional infrastructure, industry, policy, and economic development initiatives as Lawson Natural Hydrogen system advances near Central Butte (~80-85 km NW of Moose Jaw). Mayor James Murdoch signed for the city.
- GLJ Ltd.flagshipCalgary-based premier energy consulting group providing third-party independent services to advance commercial evaluation of the Lawson Complex and broader Saskatchewan land package (1.3 million permitted hectares as of June 1, 2026). GLJ's expertise focuses on modelling and estimation of resource potential and near-term commercial development prospects of the 28 sq. km Lawson Complex, optimizing the expanded drill program, and assisting in development of MAXX LEMI. Greg Owen serves as Senior Vice-President of new ventures.
- Savanna Drilling (Rig #416)minorDrilling contractor engaged to execute drilling operations at the Bracken well in Saskatchewan - second Natural Hydrogen well, located ~325 km southwest of the Lawson Discovery, testing basin-scale continuity under stratigraphic trapping mechanism.
- Tetra TechminorAwarded contract for comprehensive 3D seismic program at Lawson Natural Hydrogen Discovery site, with survey work beginning February 23, 2026 over a 47-square-kilometer area.
- AGAT LaboratoriesminorConducting laboratory analyses to support resource modeling alongside the University of Windsor as part of MAX Power's scientific validation of the Lawson Natural Hydrogen Discovery.
- University of WindsorminorConducting laboratory analyses to support resource modeling alongside AGAT Laboratories as part of MAX Power's scientific validation of the Lawson Natural Hydrogen Discovery.
- Andy Bowering (Special Advisor / Advisory Board)minorVenture capitalist with 30+ years of global mineral exploration and development experience. Co-founded Millennial Lithium, acquired by Lithium Americas in 2022 for $491 million (USD). Instrumental in founding Prime Mining Corp. (acquired by Torex Gold Resources in 2025). Joined MAX Power as Special Advisor and member of Advisory Board.
- Petroleum Technology Research Centre (PTRC)coreStrategic long-term collaboration with the Petroleum Technology Research Centre (PTRC) to explore and develop Natural Hydrogen resources in Saskatchewan. Aims to advance sustainable energy innovation and position Saskatchewan as a global leader in Natural Hydrogen exploration, with focus on near-term development and technological co-advancement. CEO Ran Narayanasamy previously led PTRC for nearly four years.
- University of California Lawrence Berkeley National LaboratorycoreCooperative R&D project on direct lithium extraction (DLE) technologies, supported by U.S. Department of Energy clearance for development of DLE technology (May 2023). Focus on advancing direct lithium extraction technologies.
Scale indicators11 records
Recent moves6 records
Expansion highlights7 records
MAX Power Mining competitors and assessment
Company assessmentDirect peers
- HyTerra Ltd: ASX-listed natural hydrogen exploration company focused on the Mid-Continent Rift in Kansas and targets in South Australia. Closest direct peer to MAX Power given its pure-play white/natural hydrogen exploration mandate, drilling-led playbook, and junior-cap profile.
- Gold Hydrogen Ltd: ASX-listed natural hydrogen explorer advancing the Ramsay Project in South Australia, with demonstrated natural hydrogen occurrences in historic wells. Comparable to MAX Power as a dedicated natural hydrogen pure-play at a similar exploration stage.
- Helium One Global Ltd: AIM-listed helium and hydrogen explorer advancing the Rukwa Project in Tanzania with proven subsurface helium and hydrogen flows. Directly comparable to MAX Power given the dual helium/hydrogen play and focus on primary (non-manufactured) gas extraction.
- Quebec Innovative Materials Corp. CSE-listed natural hydrogen exploration company developing the St-Bruno-de-Guigues and broader Quebec natural hydrogen projects. Closest Canadian-listed peer in terms of mandate and stage, though operating in a different sedimentary basin.
Regional players
- Global Helium Corp. CSE-listed helium exploration company focused on the Lawson/Manitoba and Alberta helium plays. Adjacent in mandate (subsurface inert gas extraction in Western Canada) and shares the Saskatchewan/Western Canadian regulatory and geological context.
- Imperial Helium Corp. TSXV-listed helium exploration and development company with assets in Alberta, Canada. Comparable as a Canadian junior pursuing subsurface noble-gas resources, though focused on helium rather than natural hydrogen.
Emerging players
- Standard Lithium Ltd. TSX/NYSE-listed lithium developer pursuing Direct Lithium Extraction (DLE) technology in Arkansas and other U.S. projects. Comparable to MAX Power's prior lithium + DLE focus via the Lawrence Berkeley National Laboratory partnership and Homeland Critical Minerals exposure.
Broad incumbents
- Piedmont Lithium Inc. NASDAQ-listed lithium developer with hard-rock spodumene assets in the U.S. and Canada, including the Quebec portfolio. Larger, more diversified incumbent with overlapping critical minerals exposure to MAX Power's Quebec lithium projects.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
MAX Power Mining social profiles
Digital presenceMAX Power Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
MAX Power Mining leadership team
Management profileNumber of profiles
Profiles10 records
MAX Power Mining subsidiaries and ownership
Company hierarchySubsidiaries2 records
MAX Power Mining funding detail
Funding detailFunding overview
Funding rounds9 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MAX Power Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MAX Power Mining
What does MAX Power Mining do?
MAX Power Mining is a publicly-traded natural hydrogen and critical minerals exploration company focused on discovering and developing subsurface Natural Hydrogen deposits, principally in Saskatchewan, Canada. Its flagship is the Lawson Natural Hydrogen Complex — Canada's first confirmed subsurface Natural Hydrogen system — supported by the 475-km Genesis Trend corridor and additional Saskatchewan projects (Bracken/Grasslands, Rider, Choiceland). The company is pre-revenue, with no defined resources or reserves, and uses its proprietary AI-assisted MAXX LEMI platform to prioritize drilling targets.
Is MAX Power Mining a public or private company?
MAX Power Mining is a public company. It is classified as public and is currently operating.
When was MAX Power Mining founded?
MAX Power Mining was founded in 2022. It employs 1 to 10 people.
Where is MAX Power Mining based?
MAX Power Mining is headquartered in Burnaby, Canada, in the North America region.
How does MAX Power Mining make money?
Three revenue lines are on record. Pre-revenue Natural Hydrogen Exploration is the primary driver. The others are capital Markets Financing and equity Stake in Homeland Critical Minerals.
Who are MAX Power Mining's main competitors?
Direct peers on record are HyTerra Ltd, Gold Hydrogen Ltd, Helium One Global Ltd and Quebec Innovative Materials Corp.. Regional players are Global Helium Corp. and Imperial Helium Corp.. Standard Lithium Ltd. is listed as an emerging player. Piedmont Lithium Inc. is listed as a broad incumbent.
Does MAX Power Mining have an API?
No public API is recorded for MAX Power Mining.
What industry is MAX Power Mining in?
MAX Power Mining's product category is Natural Hydrogen Exploration. Its primary akta.pro industry code is IMAKAKAB, Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger), with a secondary code of IMAKAFAL, Exploration & Resource Development (Critical Minerals). Its NAICS code is 2111 and its SIC code is 1382.