Distributed on behalf of Makenita Resources
Eric Sprott is one of the most successful resource investors alive. He built a fortune finding opportunities in mining and energy long before the crowd showed up. So, when he invested $25 million into a small Saskatchewan company behind a brand-new hydrogen discovery this spring, every serious resource investor in the country took notice. Even better, sitting right next to that project is Makenita Resources (CSE: KENY) (OTC: KENYF)’s 116,149 acres, prospective for the iron and magnetite formations that could be stimulated to produce hydrogen.
Creating even more opportunity, hydrogen supply-demand is off the charts. In fact, a 2024 U.S. Geological Survey study estimated the earth could hold anywhere from a billion to ten trillion tonnes of hydrogen underground. Demand for low-carbon hydrogen, meanwhile, is projected to jump from about one million tonnes a year today to nearly two hundred million by 2050. Plus, almost nobody has natural hydrogen in commercial production yet, which is exactly why the explorers staking the best ground right now are the ones positioned for the largest upside.
Not only is that beneficial for Makenita Resources, but also for Plug Power (NASDAQ: PLUG), Bloom Energy (NYSE: BE), Air Liquide (OTC: AIQUY), and Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP).
Makenita Resources More Than Doubles Its Saskatchewan Iron-Magnetite Project
Makenita Resources just announced it has more than doubled its Serpentinization Iron-Magnetite Project in Saskatchewan, growing the contiguous land package from 51,304 acres to a district-sized 116,149 acres.
The project directly borders Max Power Corp (MAXX.CSE) and is prospective for iron and magnetite. Management is currently formulating plans to commence work as soon as possible.
Jason Gigliotti, President of Makenita Resources, commented: "Makenita is in a significant period of corporate growth. We have just added substantial acreage, making our land package in Saskatchewan — directly bordering Max Power Corp (MAXX.CSE) — district size at 116,149 contiguous acres. MAXX recently completed a financing with Eric Sprott, who now owns approximately 19 percent of MAXX1, showing the strong institutional investment appetite for this region. The project offers strong prospectivity for iron and magnetite, and in certain situations where large iron formations are rich in magnetite, that formation can be stimulated to produce naturally occurring hydrogen.”
“Makenita is entering the most active period of growth in the Company's history, and we have just added additional marketing to assist in getting the story out to a larger audience. Makenita has just over 35 million shares outstanding, so any success in the ground could have an outsized impact on the Company. Management is very optimistic about the short- and long-term objectives and goals of Makenita, and we plan to work as hard as possible for our shareholders."
Other related developments from around the markets include:
Plug Power, a global leader in hydrogen solutions, today reported results for the first quarter of 2026, delivering strong revenue growth, meaningful margin improvement, and continued progress toward profitability. The Company exceeded its expectations on revenue and delivered its margin and EPS targets for the quarter. This performance reflects disciplined execution across Plug’s integrated hydrogen platform, improving unit economics, and continued demand across core markets. “Our first quarter results reflect strong commercial execution and continued progress improving the underlying economics of the business and positions us to achieve our EBITDAS positive target in Q4 2026,” said Jose Luis Crespo, Chief Executive Officer of Plug. “We exceeded internal expectations on revenue, delivered on our margin and EPS targets, and continue to strengthen our financial position. Our focus remains on execution and growth, driving efficiency, expanding margins, and converting our scale into consistent financial performance.”
Bloom Energy reported its financial results for the first quarter ended March 31, 2026. Revenue of $751.1 million in the first quarter of 2026, an increase of 130.4% compared to $326.0 million in the first quarter of 2025. Product revenue of $653.3 million in the first quarter of 2026, an increase of 208.4% compared to $211.9 million in the first quarter of 2025. Gross margin of 30.0% in the first quarter of 2026, an increase of 2.8 percentage points year-over-year. Non-GAAP gross margin of 31.5% in the first quarter of 2026, an increase of 2.8 percentage points year-over-year. Service gross margin of 13.3% in the first quarter of 2026, an increase of 12.0 percentage points compared to 1.3% in the first quarter of 2025. Service non-GAAP gross margin of 18.0% in the first quarter of 2026, an increase of 13.2 percentage points compared to 4.8% in the first quarter of 2025. Operating income of $72.2 million in the first quarter of 2026, an increase of $91.3 million year-over-year. Non-GAAP operating income of $129.7 million in the first quarter of 2026, an increase of $116.5 million year-over-year. Generated $73.6 million cash flow from operating activities in the first quarter of 2026, an increase of $184.3 million year-over-year.
Air Liquide announced an investment in the French start-up Quobly, through the Group’s corporate venture capital arm, ALIAD. Quobly develops quantum processors using proven semiconductor manufacturing processes. This strategic partnership supports the shift from fundamental research to industrial-scale manufacturing. This investment underlines Air Liquide's role as a key partner in the quantum computing value chain. Announced today, ALIAD participates in Quobly’s 115 million euros Series A financing round alongside leading investors. This capital injection will support the start-up’s continued R&D, advance its industrialization efforts and drive its international commercial expansion. Leveraging its extensive industrial expertise, Air Liquide will support Quobly in transitioning its technology to an industrial scale, aiming to launch the first commercial product by the end of 2026.
Ballard Power Systems, a leading UK‑based bus manufacturer and long‑standing Ballard partner, has formally nominated Ballard as the fuel cell supplier for its next‑generation StreetDeck Hydroliner Gen 3.0 hydrogen bus platform. This nomination covers the integration of Ballard’s FCmove‑SC hydrogen fuel cell engine—Ballard’s newest, high‑efficiency platform launched in late 2025—into Wrightbus’ Gen 3.0 double‑decker FCEV bus, with series production scheduled to begin in 2027. The FCmove‑SC engine delivers higher efficiency, extended durability, and a simplified system architecture designed to reduce total cost of ownership (TCO) for transit operators. These improvements are particularly impactful for long‑range, high‑utilization duty cycles where hydrogen fuel cell buses offer operational advantages over battery‑electric alternatives.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Makenita Resources by Makenita Resources. We own ZERO shares of Makenita Resources. Please click here for full disclaimer.
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