Independent Review Confirms Basin-Scale Natural Hydrogen Potential at MAX Power's Bracken Well
MAXXF has more than doubled off its 52-week low of $0.133.
Summary
MAX Power Mining Corp. announced independent validation from GLJ Ltd. confirming multiple prospective natural hydrogen and helium zones at its Bracken exploration well. This critical step-out test, 325 km from the Lawson Discovery, supports a basin-scale geological model across Saskatchewan, significantly expanding the company's resource potential. The 750 sq. km Grasslands Project, where Bracken is located, was previously undrilled for these resources. This news follows recent positive developments including finalized drill targets at Lawson and significant private placements. The independent validation de-risks the project and enhances the perceived commercial viability of their natural hydrogen and helium assets. A comprehensive completions and testing program at Bracken is expected to commence in the second half of July, concurrent with commercial validation drilling at Lawson.
At the time of this announcement, MAXXF was trading at $1.54 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $213.9M. The 52-week trading range was $0.13 to $2.10. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.