MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF) (FRANKFURT: 89N) announced the appointment of Chad Levesque as president and a member of its board of directors, expanding the company's leadership team as it advances commercial evaluation of its Natural Hydrogen assets in Saskatchewan. Levesque, who has supported MAX Power's capital markets, corporate development and investor relations initiatives since the company became publicly traded in 2022, will continue to lead those efforts while helping broaden awareness of the company's Natural Hydrogen strategy.
MAX Power said the appointment comes as it advances the Lawson Discovery and the broader Genesis Trend, which management believes position the company at the forefront of the emerging Natural Hydrogen sector. The company also granted Levesque 300,000 restricted share units and 650,000 stock options under its omnibus equity incentive plan, with the options exercisable at $2.26 per share through June 22, 2031, subject to vesting and regulatory approvals. For more details, refer to the full press release at https://ibn.fm/rJPPz.
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The Company's 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. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power's U.S. subsidiary. MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
The appointment of Levesque is a strategic move to strengthen leadership as the company navigates the nascent Natural Hydrogen sector. Natural Hydrogen, also known as white hydrogen, is a potential low-carbon energy source that occurs naturally in the Earth's crust. MAX Power's Lawson Discovery is a pioneering project that could pave the way for commercial hydrogen production. By bringing Levesque into a more formal role, the company aims to enhance its capital markets presence and investor outreach, which are critical for funding exploration and development activities. The grant of restricted share units and stock options aligns Levesque's interests with shareholder value creation.
This announcement underscores MAX Power's commitment to advancing its Natural Hydrogen assets, which could have significant implications for the clean energy transition. If successful, the Genesis Trend and Lawson Discovery could provide a domestic source of low-carbon hydrogen, reducing reliance on fossil fuels and supporting decarbonization goals. For investors, the appointment signals confidence in the company's direction and potential. MAX Power's stock is traded under MAXXF on the OTC market, and updates are available in the company's newsroom at https://ibn.fm/MAXXF.
