Mentioned:
A municipal government in Saskatchewan believes in the future of natural hydrogen. Which is exactly why they’ve just formed a new partnership with a publicly traded company in Canada.
What’s happening:
- MAX Power Mining (CSE: MAXX) and the City of Moose Jaw have entered into a new partnership to advance strategic opportunities to commercialize natural hydrogen within the Regina-Moose Jaw Industrial Corridor
Why it matters:
- MAX Power Mining is one of the first publicly traded companies to confirm confirm a subsurface natural hydrogen system after the successful testing of a well drilled neared Central Butte, Saskatchewan which is widely considered to be Canada’s first ever natural hydrogen drilling discovery
Going deeper:
- Moose Jaw is strategically located less than 100 kilometres away from MAX Power Mining’s flagship Lawson well in Central Butte and has a large presence of energy infrastructure, industrial companies and pipeline logistics to support the use of natural hydrogen
- MAX Power Mining’s Lawson well notably returned hydrogen concentrations of 286,000 parts per million as well as free flowing gas to the surface
The intrigue:
- Billionaire mining entrepreneur and financier Eric Sprott just recently purchased an additional 1M shares of MAX Power Mining in the open market at an average price of $2.02 CAD per share and previously was the lead investor in MAX Power Mining’s $20.5M CAD equity financing round
