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RETRANSMISSION: MAX Power Commences Natural Hydrogen Exploration at Rider Project in Saskatchewan, Expands into Ontario-Quebec
MediaAlphaMediaAlpha(US:MAX) GlobeNewswire News Room·2024-10-04 12:00

Core Insights - MAX Power Mining Corp. is advancing its operations in Saskatchewan, focusing on the exploration of Natural Hydrogen, positioning itself as Canada's largest landholder in this sector [1][2] Exploration and Operations - Extensive soil gas sampling has begun across a 3,356 sq. km area in southeast Saskatchewan, where historical wells have recorded hydrogen concentrations as high as 96.4% [2] - The Phase 1 Program incorporates various methodologies, including specialized gas probes, to identify and prioritize drilling "hot spots" [2] - MAX Power has also staked additional claims in Ontario and Quebec, with plans to announce details soon, aiming to establish partnerships that enhance shareholder value [2] Strategic Positioning - The company emphasizes its first-mover advantage in North America’s Natural Hydrogen sector, supported by strategic alliances with industry experts [2][6] - A recent report on Natural Hydrogen opportunities in Texas has been commissioned, which will inform the company's strategy and potential partnerships in the U.S. [3] Leadership and Expertise - The technical information in the release has been reviewed by Peter Lauder, a qualified geologist, ensuring adherence to National Instrument 43-101 standards [5] - The company is led by CEO Rav Mlait, who expressed optimism about monetizing assets in Ontario and Quebec amidst growing interest in the Natural Hydrogen sector [3][6]