MAX Power updates Lawson natural hydrogen model ahead of completions

Key highlights

• MAX Power updated its geological model for the Lawson Natural Hydrogen Complex in Saskatchewan.
• GLJ identified a deep conduit near Lawson 4 and interpreted a four-way structural closure.
• The company plans well completions at Lawson, with a start targeted for the week of Nov. 9.

MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) reported an updated geological interpretation for its Lawson Natural Hydrogen Complex near Central Butte, Saskatchewan, after GLJ Ltd. and the companys geological team integrated data from Lawson 1 through Lawson 4 and reprocessed proprietary 3D seismic data acquired earlier in 2026. The company said the work confirmed the signature of a deep conduit near Lawson 4 and included a newly interpreted four-way structural closure near Lawson 4, which it believes reduces risk ahead of an upcoming well completions program at Lawson. This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice. In the release, MAX Power described the Lawson 1 to Lawson 4 wells as connected by a faulted fracture system along the flanks of what it calls the Lawson Conduit. It also said the conduit exceeds current limits of depth detection, which it said suggests it may root at a deep crustal level. MAX Power said it has combined multiple datasetsincluding igneous and metamorphic geology, borehole-derived petrophysics from Lawson 1 to Lawson 4, and regional 2D seismicwith the Lawson Complex 3D survey to help target perforation intervals intended to maximize potential flow, concentrations and volume.

Lawson 4 and upcoming completions

MAX Power described Lawson 4 as the third well in its commercial validation drill program. The company said Lawson 1 previously showed free gas flow to surface following perforation and reported natural hydrogen concentrations up to 286,000 parts per million (28.6%) in gas samples recovered from sealed core tubes. The release said upcoming completions will re-enter Lawson 1. For Lawson 4, MAX Power said drill rig gas detection instrumentation recorded the highest natural hydrogen readings to date at the Lawson Complex. The company said Lawson 4 partially intersected the Lawson Conduit at a measured depth of 2,310.5 meters and includes a thick basal Cambrian reservoir with high permeability and porosity. It said at least six intervals have been selected for perforation at Lawson 4, ranging from the basement complex to shallower formations, with reservoir drive to be tested in upcoming completions. Chief Geoscientist Steve Halabura said, Lawson 4 was indeed a discovery within a discovery, and it has contributed to a much better understanding of the basement plumbing system and the overlying sedimentary beds. Chief Executive Officer Rob Norris said the company was eagerly anticipating the start of completions at Lawson, likely during the week of November 9. MAX Power also said GLJs imaging work is expected to be augmented by a planned aeromagnetic survey covering Lawson and other MAX Power land packages, which the company said is intended to help build a seismic template for the broader Genesis Trend and other areas across its permitted land position. In the release, MAX Power described itself as a mineral and energy exploration company and said it holds approximately 2.5 million acres (~1 million hectares) of permits in Saskatchewan prospective for natural hydrogen exploration.

The original press release is available on stockhouse.com