RETRANSMISSION: MAX Power Commences Natural Hydrogen Exploration at Rider Project in Saskatchewan, Expands into Ontario-Quebec
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) has commenced field exploration for Natural Hydrogen in Saskatchewan, Canada. The company has begun extensive soil gas sampling on its 3,356 sq. km permit application area, where historical wells have shown up to 96.4% hydrogen. MAX Power has developed the 'MAX Model For Natural Hydrogen' to rapidly identify drilling hotspots.
The company has also expanded into Ontario and Quebec, strategically staking multiple claim blocks for Natural Hydrogen. MAX Power aims to secure near-term partnerships in these Eastern Canadian properties while focusing direct exploration on its core Rider Project in Saskatchewan.
Additionally, MAX Power has received a major report on Natural Hydrogen opportunities in Texas and is reviewing options to partner with key players in the United States. The company is positioning itself as a leader in the search for a low-cost, low-emissions alternative to manufactured hydrogen in America.
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) ha iniziato l'esplorazione di campo per l'idrogeno naturale in Saskatchewan, Canada. L'azienda ha avviato ampie campagne di campionamento di gas nel suolo nella sua area di richiesta di permesso di 3.356 km², dove i pozzi storici hanno mostrato fino al 96,4% di idrogeno. MAX Power ha sviluppato il 'MAX Model For Natural Hydrogen' per identificare rapidamente i punti caldi per la perforazione.
L'azienda si è anche espansa in Ontario e Quebec, creando strategicamente più blocchi di concessione per l'idrogeno naturale. MAX Power mira a garantire partnership a breve termine in queste proprietà dell'Est canadese, concentrando l'esplorazione diretta sul suo progetto principale Rider in Saskatchewan.
Inoltre, MAX Power ha ricevuto un rapporto importante sulle opportunità di idrogeno naturale in Texas e sta esaminando le opzioni per collaborare con attori chiave negli Stati Uniti. L'azienda si sta posizionando come un leader nella ricerca di un'alternativa a basso costo e a basse emissioni all'idrogeno prodotto negli Stati Uniti.
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) ha comenzado la exploración de campo para el Hidrógeno Natural en Saskatchewan, Canadá. La empresa ha iniciado extensas muestras de gas en el suelo en su área de solicitud de permiso de 3,356 km², donde pozos históricos han mostrado hasta un 96.4% de hidrógeno. MAX Power ha desarrollado el 'MAX Model For Natural Hydrogen' para identificar rápidamente puntos calientes de perforación.
La compañía también se ha expandido a Ontario y Quebec, asegurando estratégicamente múltiples bloques de reclamo para el Hidrógeno Natural. MAX Power busca asegurar asociaciones a corto plazo en estas propiedades del Este canadiense mientras concentra la exploración directa en su proyecto principal Rider en Saskatchewan.
Adicionalmente, MAX Power ha recibido un informe importante sobre oportunidades de Hidrógeno Natural en Texas y está revisando las opciones para asociarse con actores clave en los Estados Unidos. La empresa se está posicionando como líder en la búsqueda de una alternativa de bajo costo y bajas emisiones al hidrógeno manufacturado en América.
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF)가 캐나다 사스카처원에서 자연 수소에 대한 현장 탐사를 시작했습니다. 이 회사는 3,356 평방 킬로미터의 허가 신청 지역에서 광범위한 토양 가스 샘플링을 실시하고 있습니다, 과거의 유정에서 96.4%의 수소가 검출된 적이 있습니다. MAX Power는 드릴링 핫스팟을 신속하게 파악하기 위해 '자연 수소를 위한 MAX 모델'을 개발했습니다.
회사는 또한 온타리오와 퀘벡으로 확장했습니다, 전략적으로 자연 수소를 위한 여러 청구 블록을 보유하고 있습니다. MAX Power는 이러한 동부 캐나다 자산에서 단기 파트너십을 확보하는 동시에 사스카처원에 있는 핵심 라이더 프로젝트에 직접 탐사를 집중할 계획입니다.
또한 MAX Power는 텍사스에서의 자연 수소 기회에 대한 중요한 보고서를 받았으며 미국의 주요 업체들과의 파트너십 가능성을 검토하고 있습니다. 이 회사는 미국 내 제조된 수소에 대한 저비용, 저배출 대안 탐색에서 선두주자로 자리매김하고 있습니다.
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) a commencé l'exploration sur le terrain pour l'hydrogène naturel en Saskatchewan, au Canada. L'entreprise a débuté un vaste échantillonnage de gaz de sol sur sa zone de demande de permis de 3 356 km², où des puits historiques ont montré jusqu'à 96,4 % d'hydrogène. MAX Power a développé le 'MAX Model For Natural Hydrogen' pour identifier rapidement les points chauds de forage.
L'entreprise s'est également étendue à l'Ontario et au Québec, en s'appropriant stratégiquement plusieurs blocs de revendications pour l'hydrogène naturel. MAX Power vise à établir des partenariats à court terme dans ces propriétés de l'Est canadien tout en concentrant l'exploration directe sur son projet phare Rider en Saskatchewan.
De plus, MAX Power a reçu un rapport majeur sur les opportunités liées à l'hydrogène naturel au Texas et examine les options pour s'associer à des acteurs clés aux États-Unis. L'entreprise se positionne en tant que leader dans la recherche d'une alternative à faible coût et à faibles émissions à l'hydrogène fabriqué en Amérique.
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) hat mit der Feldexploration von natürlichem Wasserstoff in Saskatchewan, Kanada, begonnen. Das Unternehmen hat umfassende Boden-Gasproben in seinem Genehmigungsgebiet von 3.356 km² durchgeführt, wo historische Brunnen bis zu 96,4% Wasserstoff gezeigt haben. MAX Power hat das 'MAX Model For Natural Hydrogen' entwickelt, um Bohr-Hotspots schnell zu identifizieren.
Das Unternehmen hat sich auch in Ontario und Quebec ausgeweitet und strategisch mehrere Anspruchsblöcke für natürlichen Wasserstoff in Besitz genommen. MAX Power strebt an, kurzfristige Partnerschaften in diesen östlichen kanadischen Immobilien zu sichern, während es sich auf die direkte Erkundung seines Kernprojekts Rider in Saskatchewan konzentriert.
Darüber hinaus hat MAX Power einen wesentlichen Bericht über Möglichkeiten für natürlichen Wasserstoff in Texas erhalten und prüft Optionen zur Partnerschaft mit wichtigen Akteuren in den Vereinigten Staaten. Das Unternehmen positioniert sich als führend bei der Suche nach einer kostengünstigen, emissionsarmen Alternative zu produziertem Wasserstoff in Amerika.
- Commenced extensive soil gas sampling in Saskatchewan with historical wells showing up to 96.4% hydrogen
- Developed 'MAX Model For Natural Hydrogen' to rapidly identify drilling hotspots
- Expanded operations into Ontario and Quebec with strategic claim blocks
- Received major report on Natural Hydrogen opportunities in Texas
- Positioning as a leader in low-cost, low-emissions alternative to manufactured hydrogen in America
- None.
VANCOUVER, British Columbia, Oct. 04, 2024 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“MAX Power” or the “Company”) is pleased to provide the following update on operations as the Company commences field exploration in Saskatchewan and builds on its position as Canada’s largest landholder of claims targeting the country’s first-ever commercial concentration of Natural Hydrogen or accumulations of Natural Hydrogen gas.
Highlights:
- Extensive soil gas sampling has commenced at key blocks along the company’s 3,356 sq. km package of permit applications in southeast Saskatchewan where historical wells have assayed up to
96.4% hydrogen; - In addition to soil gas sampling using Petro-Find’s specialized gas probes, multiple other approaches are involved in MAX Power’s Phase 1 Program designed in consultation with its team of industry-leading experts in North America and Europe;
- The “MAX Model For Natural Hydrogen” accentuates the company’s first-mover advantage in North America and was developed with the goal of rapidly identifying and prioritizing “hot spots” for drilling;
- In addition to a leading district-scale land package in Saskatchewan, MAX Power in recent months has strategically staked multiple prime claim blocks for Natural Hydrogen in both Ontario and Quebec with details to be announced soon;
- The goal of the Eastern Canadian properties is to secure near-term partnerships/joint ventures that will drive value for shareholders as the company focuses direct exploration efforts on its core Rider Project in Saskatchewan.
Mr. Rav Mlait, CEO for MAX Power, commented: “We are off to a great start in Saskatchewan and we look forward to the possibility of monetizing our Ontario and Quebec assets acquired well before the recent entry of new companies into this rapidly emerging Natural Hydrogen sector, which we’re pleased to see.”
Texas Update
MAX Power has just received a major report on Natural Hydrogen opportunities in Texas, a two-month project specifically commissioned by the Company. Armed with this proprietary information that supports MAX Power’s original strategy with respect to Texas and other possible areas in the United States, the Company is reviewing all options and opportunities to partner with key players to become a leading force in the search for a low-cost, low-emissions alternative to manufactured hydrogen in America.
Video Interview – Neil McMillan
Click on the following link to learn more about MAX Power’s first mover leadership in Natural Hydrogen from Mr. Neil McMillan, former Chairman of Cameco and MAX Power’s Senior Strategic Advisor:
https://vimeo.com/1005965627/da9252b396
Figure 1: Map showing the location of MAX Power’s Natural Hydrogen Permit Applications
Natural Hydrogen Video
Learn more about Natural Hydrogen by clicking on the following link:
https://vimeo.com/953002092/d6f8574ba4
MAX Power Natural Hydrogen Deck
Learn more about MAX Power’s first mover advantage in North America’s Natural Hydrogen sector by clicking on the following link:
https://www.maxpowermining.com/Presentations/MAXPower-NaturalHydrogen.pdf
MAX Power Corporate Presentation
Click on the following link to view MAX Power’s Corporate Deck:
https://maxpowermining.com/Presentations/MAXPower-Corporate.pdf
Qualified Person
The technical information in this news release has been reviewed and approved by Peter Lauder, P.Geo., Member of the Order of Geologists of Quebec and Senior Geologist and Exploration Manager for MAX Power Mining Corp. Mr. Lauder is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
About MAX Power Mining
MAX Power is an innovative mineral exploration company focused on North America’s shift to decarbonization. MAX Power is a first mover in the rapidly growing Natural Hydrogen sector, through strategic alliances with Calgary-based Chapman Hydrogen & Petroleum Engineering Ltd., and European- based Larin Engineering HHC. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a recent diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona.
On behalf of the Board of Directors,
“Rav Mlait” - CEO
MAX Power Mining Corp.
MarketSmart Communications
Tel: 877-261-4466
info@maxpowermining.com
Tel: 778-655-9266
Forward-Looking Statement Cautions
This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, and any legislation specifically relating to natural hydrogen, exploration and acquisition of natural hydrogen properties; ability to locate, discover and/or extract natural hydrogen from the subsurface; commentary as it relates to the opportune timing to carry out natural hydrogen exploration; and any anticipated increasing demand for natural hydrogen; any results and updates thereto as it relates to any future drill program, and the funding of that program; and upcoming press releases by the Company. The Company has filed permit applications to the Saskatchewan government and there are no assurances that all or any of the permit applications will be accepted or granted to the Company. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts. They are generally, but not always, identified by the words "expects”, "plans”, "anticipates”, "believes”, “interpreted”, "intends”, "estimates”, "projects”, "aims”, “suggests”, “often”, “target”, “future”, “likely”, “pending”, "potential”, "goal”, "objective”, "prospective”, “possibly”, “preliminary”, and similar expressions, or that events or conditions "will”, "would”, "may”, "can”, "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the CSE, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with possible accidents and other risks associated with exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of drill program results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out its exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's Management’s Discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3aa9acd7-3dc3-4560-96bb-2f8daeb720e1
FAQ
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