Alliance Targets Natural Hydrogen Discoveries Across America
VANCOUVER, British Columbia, July 05, 2024 (GLOBE NEWSWIRE) -- 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 Larin Engineering HHC (“Larin”) of Prague, Czech Republic, a pioneering international engineering firm specializing in Natural Hydrogen, to target the first accumulations of Natural Hydrogen gas in the United States.
Highlights:
The Larin team, with offices in Europe and Dubai, 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;
Larin’s targeting techniques will enable the MAX Power-Larin alliance to efficiently vector in on land packages considered highly prospective for Natural Hydrogen accumulations across multiple U.S. states, with work starting immediately.
Pavel Piankov, General Manager of Larin Engineering, stated: “Our technical team, led by Dr. Nikolay Larin and Vitaly Vidavsky,has developed innovative methods to detect and monitor the emission of Natural Hydrogen from the earth’s surface. This, along with other scientific approaches and modeling, will help immensely in the search for significant subsurface sources of Natural Hydrogen at high flow rates through geological structures. We’re elated to work with MAX Power which shares our big vision for this sector in the United States and also has a successful operating history in the U.S. through its Arizona subsidiary.”
Mr. Piankov added, “The cornerstone of our company 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.”
Video Clip - Larin’s Vitaly Vidavsky
“The resource of Natural Hydrogen in the earth eternals is massive, it’s huge.” - Vitaly Vidavsky, Larin Engineering
Mr. Rav Mlait, CEO of MAX Power, stated: “The MAX Power-Larin Strategic Alliance gives us a comprehensive United States strategy for Natural Hydrogen, from exploration to potential commercialization, further cementing our first-mover leadership in this sector in North America among publicly traded companies. With Larin plus Chapman Hydrogen and Petroleum Engineering Ltd. in Canada, and the addition of Quebec Natural Hydrogen expert Stephan Sejourne, we have truly assembled a world class team with the ability to deliver shareholders high-impact discoveries across the United States and Canada.”
MAX Power Corporate Video
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The technical information in this news release 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 - CEO MAX Power Mining Corp. [email protected] Tel: 778-655-9266
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.
