MAX Power Mining has completed a non-brokered private placement raising $5 million in gross proceeds through a strategic partnership with Big Energy, an affiliate of Vietnam's Bitexco Group. This transaction represents the first significant investment by a Vietnam-based company in Saskatchewan's resource sector and will fund accelerated exploration and potential commercial development of natural hydrogen across MAX Power's extensive permitted land holdings in the province.
The company controls approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large volume accumulations of natural hydrogen, positioning it as a first mover in this emerging clean energy sector. High priority initial drill target areas have been identified, with drilling scheduled to commence in the fourth quarter of 2025. The investment supports discovery efforts within what industry observers are calling a new primary clean energy sector with significant decarbonization potential.
The strategic partnership with Big Energy comes at a time when natural hydrogen is gaining attention as a potential clean energy source. Unlike conventional hydrogen production methods that require significant energy input and often generate carbon emissions, natural hydrogen occurs geologically and can be extracted directly from the earth. This investment signals growing international interest in Saskatchewan's resource potential beyond traditional minerals and hydrocarbons, potentially positioning the province as a future hub for clean hydrogen production.
MAX Power describes itself as an innovative mineral exploration company focused on North America's shift to decarbonization. Beyond its natural hydrogen initiatives, the company maintains a portfolio of properties in the United States and Canada focused on critical minerals, including the Willcox Playa Lithium Project in southeast Arizona where it made a diamond drilling discovery in 2024. The latest news and updates relating to the company are available in its newsroom at https://ibn.fm/MAXXF.
The private placement was announced through InvestorWire, a specialized communications platform that is part of the Dynamic Brand Portfolio at IBN. For more information about InvestorWire's services, visit https://www.InvestorWire.com. The full press release detailing the investment can be viewed at https://ibn.fm/gbTXo.
