# Max Power Mining natural hydrogen progress > Live situation record from CLSTR: https://clstr.news/situations/titan-mining-reports-strong-q1-revenue-growth-and-expands-us-graphite-production > Updated: 2026-08-25T15:11:00.000Z. Sources: 23. Developments: 10. Since mid‑May 2026, Max Power Mining has accelerated its natural hydrogen programme, securing billionaire investor Eric Sprott’s stake, signing a letter of intent with Moose Jaw, presenting the Lawson discovery, and beginning a multi‑well validation program at the Lawson Complex on 8 July. An independent petrophysical review in early July confirmed multiple hydrogen‑rich zones at Bracken, supporting a basin‑scale system. On 15 July the company announced that drilling a well more than two kilometres deep had verified Canada’s first underground natural hydrogen deposit, with hydrogen concentrations up to 28.6% and helium up to 8.7% across a 475‑km‑long zone within a 14.2 km² area. On 27 July the Lawson 2 well reached a measured depth of 2,370 m, intersecting a hydrogen‑rich fracture zone that yielded stronger, more continuous hydrogen readings and associated helium spikes compared with the original discovery. Drilling paused before a second coring phase while the company prepares flow‑rate, pressure and reservoir‑characterisation tests. Completion testing and an independent engineering review by GLJ Ltd. are planned. Further drilling on 30 July extended the bore to 2,397 m, achieving a 100% core‑recovery rate and uncovering additional fractures with the highest natural hydrogen and helium measurements recorded at the site. Core samples have been sent to AGAT Laboratories for detailed analysis, and the company expects to issue an operational update in the week of 3 August. On 17 August, the company closed a $10 million strategic private placement with Eric Sprott to advance the commercial validation drill program at the Lawson Complex. Following this, a special shareholder meeting was scheduled for 20 August to consider approving Mr. Sprott as a control person. By 25 August, Mr. Sprott increased his stake to 24.35% after exercising more than 12 million warrants, generating approximately $6 million in additional proceeds. ## Timeline ### 2026-08-25: Eric Sprott increases MAX Power Mining stake to 24.35% Investor Eric Sprott increased his stake in MAX Power Mining to 24.35% through a $6 million warrant exercise to fund natural hydrogen drilling in Saskatchewan. 2 sources. https://clstr.news/cluster/eric-sprott-increases-max-power-mining-stake-to-2435 ### 2026-08-17: MAX Power Mining closes $10 million investment from Eric Sprott MAX Power Mining Corp. closed a $10 million private placement with Eric Sprott to fund natural hydrogen validation drilling at the Lawson Complex in Saskatchewan. 5 sources. https://clstr.news/cluster/max-power-mining-closes-10-million-investment-from-eric-sprott ### 2026-07-30: MAX Power discovers hydrogen‑rich rock layers at Lawson drilling site in Saskatchewan MAX Power reports hydrogen‑rich fractures at its Lawson drilling site in Saskatchewan, achieving 100 % core recovery and extending depth to 2,397 m; cores sent to Calgary for analysis, with an update expected 3 2 sources. https://clstr.news/cluster/max-power-discovers-hydrogenrich-rock-layers-at-lawson-drilling-site-in-saskatchewan ### 2026-07-27: MAX Power Mining reports progress at Saskatchewan natural hydrogen well MAX Power Mining says drilling at Saskatchewan's Lawson 2 well reached 2,370 m, showing stronger hydrogen readings and moving toward commercial validation. 4 sources. https://clstr.news/cluster/max-power-mining-reports-progress-at-saskatchewan-natural-hydrogen-well ### 2026-07-15: Canada confirms first underground natural hydrogen deposit in Saskatchewan Max Power's deep drill in Saskatchewan confirmed Canada’s first underground natural hydrogen deposit, with up to 28.6% hydrogen, sparking plans for further testing toward commercial production. 2 sources. https://clstr.news/cluster/canada-confirms-first-underground-natural-hydrogen-deposit-in-saskatchewan ### 2026-07-01: Max Power Mining confirms basin‑scale natural hydrogen potential in Saskatchewan Max Power Mining’s Bracken well in Saskatchewan shows multiple natural hydrogen zones, confirming basin‑scale potential and prompting July testing alongside Lawson validation, with possible cross‑border energy. 2 sources. https://clstr.news/cluster/max-power-mining-confirms-basinscale-natural-hydrogen-potential-in-saskatchewan ### 2026-06-02: MAX Power unveils natural hydrogen strategy at Washington Energy Summit MAX Power's CEO Ran Narayanasamy will present the company's natural hydrogen plans at the Washington Energy Summit, while investor Big Energy moves to exercise options, raising its stake to about 15%. 2 sources. https://clstr.news/cluster/max-power-unveils-natural-hydrogen-strategy-at-washington-energy-summit ### 2026-05-28: MAX Power Mining presents Lawson natural hydrogen breakthrough at Japan workshop MAX Power Mining’s CEO showcased the Lawson natural hydrogen discovery and its AI platform MAXX LEMI at a JOGMEC workshop in Japan, drawing global interest and reporting $1.3 M from warrant exercises. 2 sources. https://clstr.news/cluster/max-power-mining-presents-lawson-natural-hydrogen-breakthrough-at-japan-workshop ### 2026-05-15: Max Power Mining signs Moose Jaw MOU as stock soars over 1,100% despite insolvency warnings Max Power Mining inks Moose Jaw hydrogen deal as its stock surges 1,100% but insolvency risk looms. 4 sources. https://clstr.news/cluster/max-power-mining-signs-moose-jaw-mou-as-stock-soars-over-1100-despite-insolvency-warnings ### 2026-05-13: Max Power Mining launches mid-year drilling program as Sprott adds 1 million shares Max Power Mining plans mid-year drilling; Sprott buys 1 million shares. 2 sources. https://clstr.news/cluster/max-power-mining-launches-mid-year-drilling-program-as-sprott-adds-1-million-shares --- Cite as: Max Power Mining natural hydrogen progress. CLSTR, https://clstr.news/situations/titan-mining-reports-strong-q1-revenue-growth-and-expands-us-graphite-production