MAX Power Mining Corp. (CSE: MAXX) (OTC: MAXXF) (FRANKFURT: 89N) has announced the appointment of Chad Levesque as president and a member of its board of directors. The appointment expands the company’s leadership team as it advances commercial evaluation of its Natural Hydrogen assets in Saskatchewan, according to a press release issued by Rocks & Stocks.
Levesque has supported MAX Power’s capital markets, corporate development, and investor relations initiatives since the company became publicly traded in 2022. In his new role, he will continue to lead those efforts while helping broaden awareness of the company’s Natural Hydrogen strategy. The company stated that the appointment comes as it advances the Lawson Discovery and the broader Genesis Trend, which management believes positions MAX Power at the forefront of the emerging Natural Hydrogen sector.
MAX Power also granted Levesque 300,000 restricted share units and 650,000 stock options under its omnibus equity incentive plan. The options are exercisable at $2.26 per share through June 22, 2031, subject to vesting and regulatory approvals.
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. 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, 100%-owned by MAX Power’s U.S. subsidiary.
This leadership expansion signals MAX Power’s commitment to advancing its Natural Hydrogen assets, which could have significant implications for the emerging clean energy sector. Natural Hydrogen is considered a potential low-carbon energy source, and MAX Power’s extensive land holdings and early-mover status in Canada position it to potentially play a key role in the development of this resource. The appointment of Levesque, with his capital markets expertise, may help the company secure the necessary funding and partnerships to move toward commercial production.
For the industry, MAX Power’s progress in Saskatchewan could validate the commercial viability of Natural Hydrogen and spur further exploration activities globally. Investors and stakeholders will be watching closely as the company moves from exploration to evaluation. More information is available in the company’s newsroom at https://ibn.fm/MAXXF and through Rocks & Stocks at https://RocksAndStocks.news.
