Mentioned:
A publicly traded company in Canada is coming after the opportunity in natural hydrogen. And one of the greatest natural resource investors in the world is behind it.
What’s happening:
- MAX Power Mining (CSE: MAXX) has officially confirmed a subsurface natural hydrogen system after the successful testing of a well drilled near Central Butte, Saskatchewan
Why it matters:
- This is widely considered to be Canada’s first ever natural hydrogen drilling discovery
Going deeper:
- MAX Power Mining has publicly stated their natural hydrogen contained up to 286,000 parts per million and free flowing gas to the surface
- MAX Power Mining’s Lawson well also showed elevated helium which may potentially dictate there is a large, stacked gas system present
The intrigue:
- Mining billionaire and legendary natural resource investor Eric Sprott is a major shareholder of MAX Power Mining and just recently purchased an additional 600,500 common shares on the open market
