MAX Power Mining accelerates CEO transition for hydrogen testing

MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) announced that Ranjith Narayanasamy has assumed the role of Chief Executive Officer effective December 1, 2025, one week earlier than previously scheduled.

The company advanced the CEO transition to respond to developments at its Lawson natural hydrogen project in Saskatchewan. Lawson represents Canada's first deep well specifically targeting natural hydrogen and was cased in November to a total depth of 2,278 meters.

The well will undergo targeted zone testing this week to determine potential flow rates, volume and concentrations of natural hydrogen and associated gases. MAX Power is simultaneously advancing a second well at Bracken, located 325 kilometers southwest of Lawson near the Montana border.

Narayanasamy joins from his position as President and CEO of the Petroleum Technology Research Centre in Regina. He previously held senior leadership roles at SaskPower and holds master's degrees in electronic systems engineering and business administration from the University of Regina.

Former CEO Mansoor Jan has been appointed CEO of the company's U.S. subsidiary, newly named Homeland Critical Minerals Corp., which focuses on a lithium clay deposit in southeast Arizona.

As part of his compensation package, Narayanasamy received one million stock options at an exercise price of 80 cents plus 750,000 restricted stock units, subject to Board-determined vesting terms.

The company continues to advance a previously announced $5 million strategic financing with a Vietnamese conglomerate at $0.30 per unit. MAX Power stated the transaction has received final Vietnam government approvals and expects completion imminently.

MAX Power holds approximately 1.3 million acres of permits in Saskatchewan for natural hydrogen exploration and maintains a portfolio of critical mineral properties in the United States and Canada.

You May Also Be Interested In

• Union Pacific announces death of former CEO Dick Davidson at 84
• XCF Global names Chris Cooper as board chair while remaining CEO
• UFP Technologies names Ryan Stafford as general counsel and HR head