Eric Sprott Keeps Stacking Shares Of MAX Power Mining

Mentioned:

Eric Sprott is one of the most prolific natural resource investors in Canadian history. And now, he’s counting to add millions of dollars to his bet on a publicly traded natural hydrogen company.

What’s happening:

Billionaire mining entrepreneur and financier Eric Sprott has purchased an additional 1M common shares of MAX Power Mining (CSE: MAXX) on the open market at an average price of $2.02 CAD per share

By the numbers:‍

Eric Sprott now owns approximately 18.8M common shares of MAX Power Mining and 12.1M warrants

Why it matters:‍

MAX Power Mining is one of the first publicly traded companies in North America to confirm 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’s flagship Lawson well in Saskatchewan returned hydrogen concentrations of 286,000 parts per million as well as free flowing gas to the surface
Eric Sprott also notably was the lead investor in MAX Power Mining’s $20.5M CAD equity financing round with an investment of $4.3M CAD

The intrigue:‍

MAX Power Mining holds 1.3M acres of permitted land across Saskatchewan for natural hydrogen exploration and drilling

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