MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has signed a strategic memorandum of understanding (MOU) with Douglas Capital Inc. to evaluate the use of natural hydrogen from its Lawson discovery in Saskatchewan to power Canadian-built artificial intelligence (AI) data centers and industrial electricity generation. The collaboration, announced by MAX Power Mining (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N), could position Saskatchewan as a hub for sustainable AI infrastructure and energy innovation.
The MOU outlines plans to explore a network of data centers across Saskatchewan powered by hydrogen-derived electricity, as well as potential access to broader electricity markets through Douglas Capital’s proposed CANVergence Energy Way, an Alberta-to-Ontario energy corridor designed to include 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. The 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. MAX Power 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. The company 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.
The partnership underscores the growing intersection of natural resource development and the energy-intensive demands of AI computing. By leveraging natural hydrogen, the companies aim to create a low-carbon power solution for data centers, which are increasingly critical to the digital economy. The potential integration with the CANVergence Energy Way could further enable wider distribution of hydrogen-derived electricity, enhancing grid resilience and supporting decarbonization goals. For MAX Power, the MOU represents a step toward commercializing its hydrogen assets, while Douglas Capital brings expertise in large-scale energy infrastructure development. The collaboration could also spur economic activity in Saskatchewan and contribute to Canada’s leadership in both AI and clean energy. However, the nonbinding nature of the MOU and the early stage of the projects mean that significant technical, regulatory and financial hurdles remain. Investors and stakeholders will be watching the joint feasibility work plan due within 30 days for further clarity on the path forward.
For more information on MAX Power, visit its investor brand network page, and for the latest news and updates relating to MAXXF, see the company’s newsroom at https://ibn.fm/MAXX. The full press release is available at https://ibn.fm/ycaJ6. This article was disseminated by AINewsWire, a specialized communications platform focused on AI advancements and part of the Dynamic Brand Portfolio at IBN.
