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.
The appointment comes as MAX Power advances the Lawson Discovery and the broader Genesis Trend, which management believes positions the company at the forefront of the emerging Natural Hydrogen sector. 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. The company holds 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 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. This incentive aligns Levesque's interests with shareholder value as the company moves toward commercial evaluation of its Natural Hydrogen assets.
The importance of this announcement lies in the growing global interest in Natural Hydrogen as a clean energy source. Unlike hydrogen produced from fossil fuels, Natural Hydrogen is generated naturally through geological processes and could provide a low-carbon energy option. MAX Power's confirmation of a subsurface Natural Hydrogen system in Saskatchewan marks a significant milestone for the Canadian energy sector, potentially opening a new frontier for clean energy exploration. The company's dominant land position across Saskatchewan, with approximately 1.3 million acres of permits, gives it a strategic advantage in exploring for large-volume accumulations of Natural Hydrogen.
Levesque's expanded role is expected to enhance MAX Power's capital markets presence and corporate development activities. His experience since the company's public listing in 2022 will be critical as MAX Power seeks to attract investment and partnerships to advance its Natural Hydrogen projects. The company also holds a portfolio of properties in the United States and Canada focused on critical minerals, including 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 as president signals the company's readiness to scale its operations and pursue commercial opportunities in the Natural Hydrogen sector.
For more information, visit the company's newsroom at https://ibn.fm/MAXXF.
