Sponsored – Est. Read 9 Min
One of the World’s Greatest Resource Investors Just Put $25 Million Into a New Hydrogen Discovery. This $7 Million Junior Owns the Ground Next Door
His name is Eric Sprott…and the company he backed has soared past $100 million.
Makenita Resources Inc. (CSE: KENY); (OTC: KENYF) owns the ground right beside it, with just under 40 million shares out and a market cap a fraction of the size.
Eric Sprott is one of the most successful resource investors alive.
He built a fortune in the billions by spotting opportunities in mining and energy long before the crowd showed up. He does not chase hype. He waits until a story looks real, then backs it with both hands.
“Eric Sprott stands as a true champion of the mining sector…his influence within the investment community is undeniable…Sprott is considered a lifeline for junior mining companies, transforming them into significant industry players.”
So when Eric Sprott put $25 million into a small Saskatchewan company behind a brand new hydrogen discovery this spring, every serious resource investor in the country took notice.
Most of them walked right past the tiny company that owns the ground next door.
That company is Makenita Resources (CSE: KENY); (OTC: KENYF).
Makenita Resources is an under-the-radar company with a market cap of around $7 million. But that could change quickly.
While Max Power, the company Sprott just backed, has jumped in value on the strength of its discovery, Makenita Resources holds a 51,000 acre land package in Saskatchewan that borders it directly, prospective for the same iron and magnetite formations that if the chemistry and formations are correct could be stimulated to produce natural hydrogen.
It’s the same trend, the same region and the same kind of rock…and it’s available for a fraction of the price.
This type of opportunity has already paid off investors in a big way over the past two to three years. Max Power and REV Exploration each built from a big land position into a story the market chased.
Max Power Mining Corp. (MAXX.CN)
Rev Exploration Corp. (REVX.V)
Makenita Resources is following the same blueprint from the very beginning, with one edge neither of them had at this stage: a share count this small.
Just under 40 million shares is almost unheard of for a company juggling this many projects across this many in-demand sectors.
When the float stays this tight, good news hits harder, because there is so little stock for buyers to fight over.
Natural hydrogen is the kind of opportunity that comes along maybe once in a generation. It is clean fuel that forms on its own inside the right kind of rock, with no rig pumping it out of an ancient reservoir the way oil works.
And the sector is so young that you have probably never heard the term. The people who tend to do well in a story like this are the ones who show up before everyone else does.
Companies this small rarely stand this close to a story this big. For now, the rest of the market hasn’t caught on. But stories like this rarely stay quiet for long.
7 Key Reasons
1
This Proven Blueprint Has Already Worked Twice
Max Power and REV Exploration already successfully executed this strategy in Saskatchewan…and the investors who got in early did well. Each of these companies started by locking up a big land position, then building a story the whole market wanted a piece of. Makenita Resources is running the same play from step one. Its ground sits right beside Max Power’s, on the geology that helped turn two unknown juniors into names the market now chases. The critical difference with this opportunity is timing. You have the clear advantage of looking at Makenita near the starting line, before the crowd, at a price that still reflects how early this is. That is exactly where the winners stood once too.
2
A Brand-New Energy Frontier
You rarely get the chance to be this early into an entirely new sector. Natural hydrogen offers just such an opportunity. It is clean fuel that forms on its own underground, with no rig pumping it out of an ancient reservoir the way oil does and no factory needed for production. And Saskatchewan has turned into the hot spot for natural hydrogen in North America. Makenita Resources owns 51,000 acres right in the thick of it, prospective for the iron and magnetite formations that could be stimulated to produce hydrogen. Early movers in a brand-new sector tend to be the ones who get paid. Right now, in natural hydrogen, you still have that potentially lucrative advantage of being early.
3
North America’s Smartest Money Is Next Door
When one of the most successful resource investors on the planet puts real money to work, the whole sector pays attention. Eric Sprott just closed a $25 million investment in Max Power, the natural hydrogen company whose land Makenita borders. A man with a five-decade record and a fortune built on spotting juniors early does not make an investment of that size on a hunch. He sees something worth backing in this corner of Saskatchewan. Makenita Resources owns the acreage right next to it, at a market cap a tiny fraction of Max Power’s. You do not have to wonder whether the smart money likes this ground. It already answered that question…to the tune of $25 million.
4
Tiny Float, Outsized Potential Upside
Makenita Resources has fewer than 40 million shares outstanding, which is almost nothing for a company carrying this many projects. A float that small can act like a lever when good news hits, because there is so little stock for buyers to fight over that even modest demand can move the price. Compare that to the company next door. Max Power has climbed past a hundred million dollars in value, while Makenita’s market cap is still around $7 million. That gap is the opportunity. A tiny float and a tiny market cap mean there is a long way up if the story keeps building, with very little stock standing in the way.
5
The World Is Running Short of this Metal…and Makenita Appears Perfectly Positioned
Makenita’s second project sits in New Brunswick, right against the Sisson tungsten mine that Canadian Prime Minister Mark Carney named one of five nation-building projects for the country. That neighbor pulled in roughly $29 million from the U.S. Department of Defense and the Canadian government to push its project forward. Tungsten is hugely important right now because the world is running short of it. China controls most of the supply and has been cutting output and clamping down on exports. At the same time, demand from defense and aerospace keeps rising, which has sent prices sharply higher. Makenita Resources has already flown its first survey over the ground and met with the premier of New Brunswick, who wants the province wide open for mining. Owning ground beside a national priority, in a metal the West is racing to secure, puts Makenita in rare company.
6
More Than One Path to Upside for Makenita Resources
Most junior mining companies live or die on a single project. Makenita Resources offers several shots at a potential hit. Beyond the hydrogen ground in Saskatchewan and the tungsten project in New Brunswick, the company holds the NTX rare earth project in Quebec, sitting in the same region as the well-known Strange Lake deposit. Rare earths, tungsten and natural hydrogen all share one thing. The West needs more of them and does not want to depend on China to get them. Governments are pouring money and political muscle into exactly these metals right now. Makenita is smartly digging into three of the most wanted corners of the market at once, which means more ways for one of them to break your way.
7
Makenita’s Story Is Just Beginning
Makenita is only now stepping on the gas. The company has finished its first airborne survey in New Brunswick and has its team interpreting the data, with groundwork and drill planning expected to follow. With multiple potential catalysts in the months ahead, any positive news could pull fresh eyes to a company this small and this cheap. On a float this tight, even a small piece of news has the potential to be impactful. Any potential drilling program is still ahead, along with the kinds of results that tend to move an exploration stock. You are looking at Makenita before any of that, which is the whole point of being early.
Makenita Resources Borders Canada’s Natural Hydrogen Breakthrough
Makenita Resources’ flagship Serpentinization Iron-Magnetite Project covers 51,304 contiguous acres in Saskatchewan, on ground the company locked up in May.
The project borders Max Power directly, the company Eric Sprott just backed with $25 million.
“MAX Power Mining has secured a $25 million investment from Eric Sprott to advance commercial evaluation of its Lawson hydrogen discovery in Saskatchewan, marking one of the largest financings yet in the emerging natural hydrogen sector.”
To understand why that neighbor matters so much, it’s important to start with what is coming out of the ground in this part of Canada.
Natural Hydrogen: A Clean Fuel the Earth Makes on Its Own
For more than a century, the world has manufactured hydrogen in factories, burning fossil fuels to do it.
Natural hydrogen turns that model upside down. It forms on its own, deep underground, through a slow reaction between iron-rich rock and water, the same reaction that gives Makenita’s Serpentinization Iron-Magnetite Project its name. There is no factory and no carbon. Where the geology is right, the gas can keep flowing for years.
The numbers behind natural hydrogen are staggering.
A 2024 U.S. Geological Survey study estimated the earth could hold anywhere from a billion to ten trillion tonnes of hydrogen underground[iv]. 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[v].
The world is already building an economy around it, from industrial giants like Linde plc (Nasdaq: LIN) – with a market cap of more than $200 billion – to fuel-cell makers like Plug Power Inc. (Nasdaq: PLUG).
But the catch is that the industry is brand new.
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.
Makenita Staked the Right Kind of Ground
Makenita’s project is called the Serpentinization Iron-Magnetite Project, and the name is the whole thesis. Serpentinization is the reaction that produces natural hydrogen. It happens where rock rich in iron and magnetite meets water. Makenita’s 51,304 acres are prospective for exactly that kind of formation, along with the iron and magnetite themselves.
Then there is the neighbor. The land borders Max Power, the company that drilled Canada’s first confirmed underground natural hydrogen system and secured Eric Sprott’s investment.
Nearby drilling has even turned up helium alongside the hydrogen, a second valuable gas the world is short on. Makenita has not turned a drill bit on this ground yet. What it has is a big, contiguous position in the one corner of Canada where this story is already proving real, at a price that says the market has not connected the dots.
Makenita’s Sisson West Tungsten Project
Borders a Nation-Building Tungsten Mine
Makenita’s second project sits in New Brunswick, on 9,845 contiguous acres that border the Sisson tungsten mine directly.
That neighbor is no ordinary mine. In November 2025, Prime Minister Mark Carney named it one of five nation-building projects for the entire country. Its owner had already pulled in roughly $29 million in combined funding from the U.S. Department of Defense and the Canadian government.
To understand why a tungsten mine is worthy of that kind of attention, look at what has happened to the metal itself.
Why the World Is Scrambling for Tungsten
Tungsten is one of the hardest, densest metals on earth, which makes it close to irreplaceable in things that cannot fail, such as armor-piercing munitions, missiles, jet engines, cutting tools and semiconductors.
The problem is where it comes from.
China mines roughly 80% of the world’s supply. In early 2025, it began choking off exports through licenses and quotas…and the squeeze was immediate.
Prices have climbed more than 500% since then, while Chinese exports have dropped about 40%.
This is no passing spike. China keeps cutting its mining quotas while Western buyers scramble for any supply they can lock down.
New supply is slow to arrive, since a mine takes years to permit, build and bring online, which is why most forecasters expect the squeeze to last for years. Yet demand from defense and aerospace only keeps climbing into that shortage.
When a metal the military depends on suddenly turns scarce, governments stop treating it like a commodity and start treating it like a strategic asset. That is the backdrop behind Makenita’s New Brunswick ground.
Makenita’s Ground Sits Right Beside Northcliff’s Sisson Tungsten Mine
Makenita’s 9,845 acres border Northcliff Resources’ Sisson deposit, the very mine Carney singled out and Washington helped fund.
The company has already flown a helicopter-based aeromagnetic/radiometric/VLF (very-low-frequency) survey over the property and has its geologists working through the data now.
President Jason Gigliotti also met with the Honorable Susan Holt, the premier of New Brunswick, who has been vocal about turning the province into a mining powerhouse.
None of this means for certain that Makenita has tungsten in hand. It has not drilled the ground yet.
What it has is a large position pressed right up against one of the most important tungsten projects in North America, in a metal the West is desperate to source closer to home, at a time when that desperation is only growing.
For a company this small, that is a rare piece of real estate to be holding.
Investor’s Summary:
Why Makenita Resources…and Why Now
At a market cap of around $7 million, Makenita Resources (CSE: KENY); (OTC: KENYF) owns ground in two of the most sought-after corners of the metals market, natural hydrogen and tungsten, right next to a nation-building mine in one and the company Eric Sprott just backed in the other.
Most juniors would kill for one story like that. Makenita has two, plus a rare earth project in Quebec for good measure.
Now factor in the share structure. Fewer than 40 million shares is a remarkably tight float for a company carrying this much.
There is very little stock to go around, so it does not take much buying to move the price. And almost nobody is looking yet. The drilling, the results, the moments that wake the market up to an exploration story, all of that is still ahead.
Of course, none of this is guaranteed. Makenita Resources is an early-stage explorer…and the reason the upside is still on the table is that almost nobody has noticed yet.
The market caught up to Max Power. It’s not likely to stay this quiet on Makenita’s ground next door forever.
[i] https://mininghalloffame.ca/eric-sprott/
[ii] https://www.northernminer.com/news/gold-bug-sprott-invests-25m-in-hydrogen/1003891625/
[iii] https://www.northernminer.com/news/gold-bug-sprott-invests-25m-in-hydrogen/1003891625/
[iv] https://www.sciencedirect.com/science/article/pii/S2666519025000421
[v] https://www.woodmac.com/blogs/the-edge/unlocking-the-potential-white-hydrogen/
FULL DISCLAIMER
This website and newsletter are owned, operated, and edited by Jade Cabbage Media LLC (“Jade Cabbage,” “we,” “us,” or “our”). Any reference to “I,” “we,” “our,” or “Jade Cabbage” refers exclusively to Jade Cabbage Media LLC. This communication is a paid advertisement. It is not a recommendation to buy or sell any security, nor is it investment advice. Jade Cabbage Media LLC is not registered as an investment adviser, broker-dealer, or in any other capacity with the U.S. Securities and Exchange Commission or any state securities regulator. We are not qualified to provide investment recommendations. By accessing or reading our website or newsletter, you agree to the terms of this Disclaimer, which we may update at any time without notice. Your continued use constitutes acceptance of the current version. We are compensated to create awareness for publicly traded companies. Our business model is based on receiving financial compensation for marketing and investor relations services. You should therefore assume we have an inherent conflict of interest and may not be unbiased. Compensation and Conflict of Interest We are compensated to create awareness for publicly traded companies. Pursuant to an agreement with Winning Media LLC, Jade Cabbage Media LLC has been engaged to assist with marketing activities for Makenita Resources Inc. (KENY) from June 10th, 2026, through December 10, 2026. Winning Media LLC received $50,000 for these services, and we expect to receive additional compensation as the campaign continues. This compensation creates a significant conflict of interest; therefore, this communication must be viewed solely as a commercial advertisement. As of this date, Winning Media LLC and Jade Cabbage Media LLC and its principals own zero shares of Makenita Resources Inc. (KENY) Important Warnings We do not provide investment advice. Never make investment decisions based on our content. Always conduct your own thorough due diligence and consult with a licensed financial advisor or investment professional before investing. Micro-cap and low-priced securities are highly speculative and carry a high risk of loss. Only invest capital you can afford to lose entirely. Past performance or mentioned price gains are not indicative of future results. Gains referenced may be based on intraday or end-of-day prices. Companies we profile may experience increased volume and price during marketing campaigns, which often decline once the campaign ends. The hiring party or its affiliates may sell shares of the profiled company at or near the time you receive this communication, which could negatively impact the stock price. We have not independently investigated the background or operations of any profiled company. No Guarantees All information is obtained from publicly available sources (company websites, press releases, etc.) and has not been independently verified by us. We do not guarantee the accuracy, completeness, or timeliness of any information. Independent contractor writers are sometimes used; although their work is reviewed, errors or omissions may still occur. Forward-looking statements are subject to risks and uncertainties and are not guarantees of future performance. Limitation of Liability To the fullest extent permitted by law, you agree that Jade Cabbage Media LLC, its owners, officers, employees, contractors, affiliates, and successors shall not be liable for any direct, indirect, incidental, consequential, or punitive damages (including loss of profits or investment losses) arising from your use of our website, newsletter, or any information contained therein. You assume all risks associated with any investment decisions you make. Entertainment & Educational Purposes Only Our content is provided for entertainment and general information purposes only and should never be the sole basis for any investment decision. You are strongly encouraged to review all publicly available information on the profiled companies at the U.S. Securities and Exchange Commission’s website: www.sec.gov.