A 28-square-kilometer hydrogen system lurking beneath Saskatchewan has just been mapped in far greater detail, and Max Power Mining is already planning its next move. The company’s newly completed 3D seismic survey has revealed that the Lawson project is substantially larger than previously understood, with a coherent structural closure dubbed “Lawson Central” spanning roughly 14.2 square kilometers around the original discovery well. Beyond that lies the broader “Lawson Complex,” covering approximately 28 square kilometers in total.
The implications are significant. The initial Lawson 15-19 borehole only grazed the edge of the system, according to geological analysis. A large relief area sits 80 to 100 meters structurally higher — precisely where hydrogen and helium are expected to accumulate in commercially viable concentrations. Multiple high-priority drilling targets within the 14.2-square-kilometer structure have already been identified.
A Pivotal Drill Campaign on the Horizon
The seismic interpretation remains ongoing, with further updates expected shortly. Meanwhile, the company is pushing ahead with plans for a confirmation well targeting the apex of the Lawson structure. That drilling is scheduled for mid-2026, and the funding is already locked in. A private placement worth 20.5 million Canadian dollars, which attracted prominent resource investor Eric Sprott, provides the financial backbone for the program.
Max Power’s chief geologist Steve Halabura has described the seismic data as a turning point. The company is also leveraging artificial intelligence through its proprietary MAXX LEMI platform, which integrates seismic information with historical models to identify targets across the 1.3 million acres of permitted land in Saskatchewan.
Helium Prices Double After Geopolitical Shock
The timing of the exploration push is fortuitous. Saskatchewan remains the only Canadian province with active helium production, and that distinction has become a strategic advantage. A drone attack on Qatar’s Ras Laffan facility in March 2026 sent global helium supplies into turmoil, with spot prices roughly doubling since then, according to Fitch Ratings.
Max Power’s Bracken well, where geologists have already encountered zones containing both hydrogen and helium, is now being viewed through a markedly different lens. Final test results from that borehole are expected in the second quarter.
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Lithium Spin-Off Targets Hidden Value
While hydrogen and helium dominate the narrative, the company is also executing a corporate restructuring designed to unlock shareholder value. Max Power plans to spin off its U.S. lithium assets in 2026 under the name “Homeland Critical Minerals,” which would list on a Canadian exchange. The portfolio includes the Willcox Playa project in Arizona, where the company reported a drilling success in early 2024. Existing shareholders are expected to receive direct participation in the new entity.
The separation allows Max Power to concentrate its resources on Saskatchewan, where the hydrogen and helium story is rapidly evolving.
New Director Brings Financial Firepower
At the annual general meeting on April 17, Tony Van Burgsteden was elected to the board of directors. The financial specialist spent three years as CFO at Orano Canada before serving more than eight years as CFO at Federated Co-operatives Ltd., a cooperative with annual revenues exceeding ten billion dollars. His appointment adds significant financial oversight as the company enters a capital-intensive exploration phase.
Market Momentum Builds
The stock is trading at a 52-week high of $1.08 USD, having gained approximately 178 percent since the start of the year. Over a twelve-month horizon, the advance exceeds 780 percent, climbing from a low of $0.12 in April 2025.
The next valuation catalyst will be the confirmation well targeting the crest of the Lawson structure. If it encounters the anticipated hydrogen and helium concentrations, it would provide the first reliable data for an internal resource estimate — and a fundamentally new basis for the project’s market valuation. The seismic results for Lawson are expected by the end of April, with the Bracken well test results to follow in the second quarter.
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