MAX Power Mining has completed a non-brokered private placement raising $5 million in gross proceeds through a strategic partnership with Vietnam-based Bitexco affiliate Big Energy. This transaction represents the first significant investment by a Vietnamese company in Saskatchewan's resource sector and positions MAX Power to accelerate exploration activities targeting natural hydrogen discoveries.
The capital infusion will support expanded exploration and potential commercial development of natural hydrogen across MAX Power's extensive 1.3 million-acre permitted land package in Saskatchewan. The company has identified high-priority initial drill target areas with drilling scheduled to commence in the fourth quarter of 2025. This investment comes as natural hydrogen emerges as a new primary clean energy sector, with MAX Power establishing itself as a first mover through its dominant district-scale land position covering approximately 521,000 hectares of prime exploration ground.
MAX Power's focus on natural hydrogen aligns with North America's broader shift toward decarbonization. The company's Saskatchewan land package represents one of the largest permitted positions for natural hydrogen exploration globally. Natural hydrogen, also known as white or gold hydrogen, occurs naturally in geological formations and offers potential as a zero-carbon energy source when extracted. The strategic partnership with Bitexco provides MAX Power with both capital and international expertise as the company advances its discovery efforts in this emerging energy sector.
Beyond its natural hydrogen initiatives, MAX Power maintains a portfolio of critical mineral properties in the United States and Canada. The company recently announced a 2024 diamond drilling discovery at its Willcox Playa Lithium Project in southeast Arizona, demonstrating its diversified approach to resource exploration. The latest news and updates relating to MAX Power are available in the company's newsroom at https://ibn.fm/MAXXF.
The investment from Vietnam's Bitexco signals growing international interest in Canada's clean energy resources and represents a significant vote of confidence in Saskatchewan's natural hydrogen potential. As global demand for clean energy solutions accelerates, strategic partnerships like this one between MAX Power and Bitexco could accelerate the development of natural hydrogen as a commercially viable energy source. The full press release detailing this transaction can be viewed at https://ibn.fm/gbTXo.
