MAX Power, Douglas Capital to Explore Hydrogen-Powered AI Data Centers

MAX Power Mining (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has signed a strategic memorandum of understanding (MOU) with Douglas Capital Inc. to evaluate using natural hydrogen from its Lawson discovery in Saskatchewan to power Canadian-built artificial intelligence (AI) data centers and industrial electricity generation. The collaboration aims to explore a network of data centers across Saskatchewan fueled by hydrogen-derived electricity, and potentially access broader electricity markets through Douglas Capital’s proposed CANVergence Energy Way, an Alberta-to-Ontario energy corridor that includes a 2,000-megawatt high-voltage transmission system. Douglas Capital is led by John Douglas, founder of Transmission Developers Inc., which developed the C$8 billion Champlain Hudson Power Express connecting Quebec hydroelectricity to New York City.

Under the proposed collaboration, Douglas Capital would lead project development, financing initiatives, and prospective customer engagement, while MAX Power would provide hydrogen supply and geological data to evaluate potential developments. The companies intend to establish a joint feasibility work plan, budget, and timetable within 30 days, addressing hydrogen supply requirements, generation infrastructure, data center capacity, and potential commercial arrangements. The MOU is largely nonbinding, and any projects remain subject to technical and commercial feasibility, financing, regulatory approvals, and definitive agreements. The initiative supports MAX Power’s broader strategy to advance its Lawson natural hydrogen discovery toward potential commercial production.

MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. Its Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first-ever subsurface natural hydrogen system confirmed through deep drilling with data validated by three independent labs. The company has built dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of natural hydrogen. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals, highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona. For more details, visit the full press release at https://ibn.fm/ycaJ6.