MAX Power Mining Corp. (
CSE: MAXX; OTC: MAXXF;
FRANKFURT: 89N) (“
MAX Power” or
the “
Company”) is pleased to announce that it has
entered into a Strategic Alliance with
Chapman Hydrogen and
Petroleum Engineering Ltd. (“Chapman”) of Calgary,
Alberta, a privately-owned leading international energy consultant,
specifically targeting the first Natural Hydrogen discoveries in
Canada.
Highlights:
- The Strategic
Alliance with Chapman positions MAX Power as first-mover leader
among publicly traded companies in the emerging North American
Natural Hydrogen sector;
- Mr. Denis
Brière, Chapman’s VP-Engineering, is recognized as one of the
world’s leading petrophysicists and played a key role in the
world’s first Natural Hydrogen discovery;
- The MAX
Power-Chapman alliance is identifying, prioritizing, acquiring and
preparing to explore the best Natural Hydrogen targets across
Canada, while MAX Power also fast tracks its U.S. strategy.
Chapman helped confirm the world’s first
discovery of an accumulation of Natural Hydrogen gas in Mali, West
Africa, last decade. That discovery, which quickly provided
low-cost, emissions-free electricity for an entire village, was
supported by the world’s first-ever Hydrogen NI 51-101 report
written by Chapman’s Denis Brière.
Mr. Brière commented: “The fact that
accumulations of Natural Hydrogen gas are now known to exist in the
earth’s subsurface has the potential to dramatically impact the
hydrogen sector and the broader push for alternate energy sources.
Additional discoveries have been made since Mali, generating
momentum for this important new subset of the hydrogen sector.”
Natural Hydrogen Video
Click on the link below to learn more about
Natural Hydrogen:
https://vimeo.com/953002092/d6f8574ba4
Mr. Charlie Chapman, President of Chapman
Hydrogen and Petroleum Engineering Ltd. since 1985, commented:
“We’re very excited to have this strategic alliance with MAX Power
Mining. Canada, from coast to coast, is ripe with Natural Hydrogen
targets based on our proprietary knowledge, rich databases, and
robust modeling. We have a head start and we are moving fast with
MAX Power.”
MAX Power, through its American subsidiary, has
been developing an aggressive Natural Hydrogen strategy for the
United States and looks forward to potential announcements around
this shortly.
Mr. Rav Mlait, MAX Power CEO, commented: “This
Strategic Alliance between MAX Power and Chapman Hydrogen and
Petroleum Ltd. builds on our focus as a mineral exploration company
to innovate and lead among our peers with respect to the
decarbonization shift in North America. The MAX Power-Chapman
alliance will further accelerate the awareness of the immense
opportunity in Natural Hydrogen.”
Benefits of Natural
Hydrogen:
- Accumulates
naturally under the ground, generated by geological processes
- Low carbon
intensity – significantly lower emissions compared to manufactured
hydrogen, 99% of which involves a mix of fossil fuels (source:
IEA’s Global Hydrogen Review 2023)
- “End product”
under the ground removes costly technological processes involved in
manufactured hydrogen
- Accumulations of
Natural Hydrogen gas with dynamic flow rates have the potential to
replenish perpetually
- Very
environmentally friendly - the purest, greenest hydrogen
possible
- Natural Hydrogen
can be produced with no external energy or water inputs
- Does not require
fracking or hydraulic stimulation to be produced
- Minimal surface
disruption
MAX Power Corporate Video
Learn more about MAX Power by clicking on the
following link:
https://vimeo.com/960577397/1511a6d016
MAX Power Corporate Presentation
Click on the following link to view MAX Power’s
new Corporate Deck:
https://maxpowermining.com/Presentations/MAXPower-Corporate.pdf
Qualified Person
The technical information in this presentation
has been reviewed and approved by Peter Lauder, P.Geo., Member of
the Order of Geologists of Quebec and Senior Geologist and
Exploration Manager for MAX Power Mining Corp. Mr. Lauder is the
Qualified Person responsible for the scientific and technical
information contained herein under National Instrument 43-101
standards.
About MAX Power
MAX Power is an innovative mineral exploration
company focused on North America’s shift to decarbonization. MAX
Power is a first-mover in the rapidly growing Natural Hydrogen
sector, through a Strategic Alliance with Calgary-based Chapman
Hydrogen & Petroleum Engineering Ltd., and also holds a
portfolio of properties in the United States and Canada focused on
critical minerals. These properties are highlighted by a recent
diamond drilling discovery at the Willcox Playa Lithium Project in
southeast Arizona. MAX Power has also entered into a cooperative
research and development agreement with the University of
California Lawrence Berkeley National Laboratory (LBNL) to develop
state-of-the-art direct lithium extraction (DLE) technologies for
brine resources.
On behalf of the Board of Directors,
Rav Mlait - CEOMAX Power
Mining Corp.info@maxpowermining.comTel: 778-655-9266
Investor Relations: MarketSmart
Communications Tel: 877-261-4466
Forward-Looking Statement Cautions
This press release contains certain
“forward-looking statements” within the meaning of Canadian
securities legislation, relating to natural hydrogen, exploration
and acquisition of natural hydrogen properties, and entering into a
strategic alliance with third parties; ability to locate, discover
and/or extract natural hydrogen from the subsurface, commentary as
it relates to the opportune timing to carry out natural hydrogen
exploration, and any anticipated increasing demand for natural
hydrogen; any results and updates thereto as it relates to any
future drill program, and the funding of that program; and upcoming
press releases by the Company. Although the Company believes that
such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements
are statements that are not historical facts. They are generally,
but not always, identified by the words "expects”, "plans”,
"anticipates”, "believes”, “interpreted”, "intends”, "estimates”,
"projects”, "aims”, “suggests”, “often”, “target”, “future”,
“likely”, “pending”, "potential”, "goal”, "objective”,
"prospective”, “possibly”, “preliminary”, and similar expressions,
or that events or conditions "will”, "would”, "may”, "can”, "could"
or "should" occur, or are those statements, which, by their nature,
refer to future events. The Company cautions that forward-looking
statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made, and they
involve number of risks and uncertainties. Consequently, there can
be no assurances that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Except to the extent required by
applicable securities laws and the policies of the CSE, the Company
undertakes no obligation to update these forward-looking statements
if management's beliefs, estimates or opinions, or other factors,
should change. Factors that could cause future results to differ
materially from those anticipated in these forward-looking
statements include risks associated with possible accidents and
other risks associated with mineral exploration operations, the
risk that the Company will encounter unanticipated geological
factors, risks associated with the interpretation of assay results
and the drilling program, the possibility that the Company may not
be able to secure permitting and other governmental clearances
necessary to carry out its exploration plans, the risk that the
Company will not be able to raise sufficient funds to carry out its
business plans, and the risk of political uncertainties and
regulatory or legal changes that might interfere with the Company's
business and prospects. The reader is urged to refer to the
Company's Management’s Discussion and Analysis, publicly available
through the Canadian Securities Administrators' System for
Electronic Document Analysis and Retrieval (SEDAR+) at
www.sedarplus.ca for a more complete discussion of such risk
factors and their potential effects.