MAX Power Mining Corp. (
CSE: MAXX; OTC: MAXXF;
FRANKFURT: 89N) (“
MAX Power” or
the “
Company”) and Larin Engineering HHC (“Larin
Engineering”) have commenced a comprehensive Natural Hydrogen study
of the entire state of Texas using proprietary methods. The study,
aimed at prioritizing prospective Natural Hydrogen targets for
near-term potential land acquisitions and exploration, will serve
as a model that can quickly be scaled up to encompass vast sections
of the United States.
MAX Power’s first mover leadership in the
rapidly growing Natural Hydrogen sector in North America is
anchored by its strategic alliances that include Larin Engineering
with offices in Europe and Dubai (refer to July 5, 2024 news
release).
Mr. Pavel Piankov, General Manager of Larin
Engineering, stated: “The state of Texas is a very promising
territory for Natural Hydrogen projects, both from a geological and
service contractor/engineering standpoint.”
Mr. Rav Mlait, MAX Power CEO, added: “Texas is
where big things happen, like the Oil boom early last century. The
growing importance of hydrogen is well understood in Texas where
the Lone Star State’s geology and infrastructure strongly support
the potential for the discovery of America’s first Natural Hydrogen
wells.”
Texas - America’s Hydrogen
Leader
Texas is already America’s top producer of
manufactured hydrogen and currently features a vast hydrogen
pipeline network stretching for 1,600 miles in addition to an
abundance of other hydrogen-related infrastructure as well as
existing and potential offtakers. In short, Houston is the energy
capital of the world but the broader state has been underexplored
for the potential of hosting accumulations of naturally occurring
hydrogen gas as recently discovered elsewhere in the world. In
Mali, West Africa, a replenishing dynamic flow of Natural Hydrogen
was found at a depth of just 110 metres and was quickly converted
into emissions-free electricity.
Natural Hydrogen Advantages
Natural Hydrogen is known to have multiple
advantages over manufactured hydrogen in terms of both costs and
emissions. As pointed out by RystadEnergy, a world-leading
research/analysis company for the energy sector, “In addition to
the cost advantage, white (Natural) hydrogen can also have a low
carbon intensity. At a hydrogen content of 85% and minimal methane
contamination, the carbon intensity is around 0.4 kg carbon dioxide
equivalent (CO2e) per kg hydrogen gas (H2) – including emobodied
emissions and hydrogen emissions.
“Through the US Inflation Reduction Act,
companies are eligible to receive production tax credits (PTC) when
the lifecycle carbon intensity is below 4 kg CO2e per kg H2. The
highest PTC tier grants $3 per kg if hydrogen production meets the
carbon intensity threshold of 0.45 kg C02e per kg H2. As such,
low-carbon white (Natural) hydrogen production in the US could be
eligible for the highest PTC, making it appealing for
producers.”
Video Clip - Larin’s Vitaly
Vidavsky
“The resource of Natural Hydrogen in the earth
eternals is massive, it’s huge.” - Vitaly Vidavsky, Larin
Engineering.
Click on the following link to learn more:
https://vimeo.com/976679979/d70670b7f1
Natural Hydrogen Video
Learn more about Natural Hydrogen by clicking on the following
link:
https://vimeo.com/953002092/d6f8574ba4
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
updated 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 Larin Engineering
Larin Engineering of Prague, Czech Republic, is
a pioneering international engineering firm that has been
conducting cutting-edge research into exploration and
commercialization of Natural Hydrogen for 20 years and is now
aggressively applying that expertise to the United States. Larin’s
involvement in the recent successful first-ever drill program for
Natural Hydrogen in the United States helped spark a post-pandemic
rush into this rapidly growing sector in America. The cornerstone
of Larin is the foundational work inspired by renowned geologist
Vladimir N. Larin, who published Hydridic Earth: The New Geology of
Our Primordially Hydrogen-Rich Planet (1993), theorizing that the
Earth's core contains much more hydrogen than originally believed
and is formed by hydrides - compounds of hydrogen bonded to metals.
These views have been substantiated through the fundamental lab
experiments by independent research groups around the world.
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 strategic alliances with Calgary-based Chapman
Hydrogen & Petroleum Engineering Ltd., and European- based
Larin Engineering HHC. MAX Power 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
CommunicationsTel: 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.
Neither the Canadian Securities Exchange
nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.