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Max Power Selects Drilling Contractor for Canada's First Dedicated Natural Hydrogen Well
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Max Power Selects Drilling Contractor for Canada's First Dedicated Natural Hydrogen Well
Oct 17, 2025 8:31 AM

11:00 AM EDT, 10/17/2025 (MT Newswires) -- Max Power Mining ( MAXXF ) said Friday that it has selected a Saskatchewan-based drilling contractor to execute Canada's first dedicated deep well, targeting natural hydrogen at the company's Lawson target within the 200-km-long Genesis trend.

The company expects drilling to commence on or about Nov. 7 pending receipt of the Lawson well license, which is expected shortly.

The well will be drilled over a three-week period using a tele-double rig with a total crew of 24 on two 12-hour shifts.

"We are thrilled to team up with a top-notch drilling company with an exceptional safety and performance record and highly experienced crew to help us make history in Saskatchewan," chief executive officer Mansoor Jan said.

"This is a big moment for our shareholders and we're ready to attack the Genesis trend with a best-in-class team as we pursue the world's first commercial Natural Hydrogen discovery," Jan added.

Max Power traded 1.4% higher at last look to $0.37 per share on the Canadian Securities Exchange.

Price: 0.37, Change: +0.01, Percent Change: +1.37

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