MAX Power Announces Neil McMillan as Chairman of the Board

Executive Summary

• Former Cameo Chair and ex‑CEO of Claude Resources, Neil McMillan, assumes Chairman of MAX Power’s Board of Directors.
• MAX Power reports successful deep‑well drilling at the Lawson target – first dedicated Natural Hydrogen well in Canada, cased to 2,278 m with confirmed Natural Hydrogen and helium across multiple horizons.
• The company is launching a fully funded multi‑well program (including Bracken) and expanding its 1.3 million‑acre Saskatchewan land package, positioning it for commercial development of Natural Hydrogen and critical minerals.

Key Details

• Board Change: Neil McMillan appointed Chairman effective immediately; previously director since Feb 2025; former Chair of Cameco (2013‑2018) and CEO of Claude Resources (1995‑2014).
• Drilling Milestone: Lawson target deep well cased to 2,278 m – Canada’s first dedicated Natural Hydrogen well; natural hydrogen and helium confirmed in multiple horizons.
• Testing Phase: Ongoing analytic and completion testing; perforation, gas/fluid sampling, pressure measurements underway to assess flow rates and composition.
• Multi‑Well Program: Fully funded program announced, including Bracken target located ~325 km SW of Lawson; aims to drill additional wells across the 1.3 M acre permitted area.
• Technology Platform: Expansion of proprietary Large Earth Model Integration (MAXX LEMI) to accelerate target generation and ranking province‑wide, with potential global application.
• Corporate Development: Chairman will support rapid scale‑up, corporate development initiatives, and strategic partnerships as the company moves toward commercial pathways.
• Investor Rationale: Appointment adds seasoned resource leadership at a critical development stage; enhances credibility for moving from discovery to repeatable development and long‑term value creation in Natural Hydrogen and U.S. critical minerals (Willcox Playa Lithium).
• Operational Update – Lawson: Service rig arrived today; will perforate selected intervals, collect samples, and conduct pressure measurements to evaluate flow characteristics.

Notable Quotes

“MAX Power is now at the forefront of what I believe could become one of the most consequential new sectors in the resource space… a generational opportunity for this province.” – Neil McMillan, Chairman, MAX Power

“Having Neil as Chairman strengthens every dimension of our governance and strategic oversight… we are accelerating toward commercial pathways in this emerging energy sector.” – Ran Narayanasamy, CEO, MAX Power