Mentioned:
MAX Power Mining is coming after the opportunity in Canadian natural hydrogen. And one of the world’s most legendary mining investors keeps pouring millions of dollars into the company.
What’s happening:
- Billionaire mining entrepreneur and financier Eric Sprott has purchased an additional 2M commons shares of MAX Power Mining (CSE: MAXX) in the open market at an average price of $1.38 CAD
By the numbers:
- Eric Sprott now owns approximately 16.5M common shares of MAX Power Mining
Why it matters:
- MAX Power Mining recently made major waves when they confirmed a subsurface natural hydrogen system after the successful testing of a well drilled near Central Butte, Saskatchewan which is widely considered to be Canada’s first ever natural hydrogen drilling discovery
Going deeper:
- MAX Power Mining has publicly stated their natural hydrogen discovery contained up to 286,000 parts per million as well as free flowing gas to the surface
- Eric Sprott also previously led MAX Power Mining’s $20.5M CAD equity financing round with an investment of $4.3M CAD
