MAX Power Mining (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) announced the appointment of Ranjith (Ran) Narayanasamy, current President and CEO of the Petroleum Technology Research Centre (PTRC), as its new Chief Executive Officer, effective December 8, 2025. The company is also preparing to drill Canada's first-ever deep well specifically targeting Natural Hydrogen within Saskatchewan's Genesis Trend.
Narayanasamy brings extensive experience in energy research and technology development. Under his leadership at PTRC, the organization advanced carbon capture, utilization, and storage (CCUS) and other clean energy technologies. His appointment signals MAX Power's commitment to pioneering natural hydrogen exploration in North America.
Current CEO Mansoor Jan will transition to lead MAX Power's U.S. subsidiary, focusing on advancing the Willcox Playa critical minerals project in southeast Arizona. The Willcox Playa lithium project, where a 2024 diamond drilling discovery was made, is located adjacent to U.S. Department of Defense lands. The company is evaluating a potential spinout or other strategic transaction for this asset.
MAX Power has built a dominant district-scale land position in the Natural Hydrogen sector, with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large volume accumulations of Natural Hydrogen. High-priority initial drill target areas have been identified for commencement of drilling in Q4 2025. The upcoming deep well in Saskatchewan will be the first of its kind in Canada, targeting natural hydrogen accumulations that could provide a new, low-carbon energy source.
Natural hydrogen, also known as white hydrogen, is generated through geological processes and could offer a clean alternative to hydrogen produced from fossil fuels. The successful development of natural hydrogen resources could significantly impact the energy transition by providing a cost-effective and environmentally friendly energy carrier.
The appointment of a seasoned leader like Narayanasamy, combined with the imminent drilling program, positions MAX Power as a key player in the emerging natural hydrogen industry. The company's strategic focus on both natural hydrogen and critical minerals aligns with North America's shift toward decarbonization and energy security.
For more information on MAX Power Mining's news and updates, visit the company's newsroom at https://ibn.fm/MAXXF. The full press release is available at https://ibn.fm/kcvih.
