MAXXF) appointed Tony van Bergstaden as CFO

The stock is trading slightly higher on the news, currently trading at $1.55.

Max Power Mining Corp. (CSE: MAX; OTC: MAXXF; FRANK: 89N) announced the appointment of Mr. Tony Van Bergstaden as Chief Financial Officer, effective immediately, strengthening the Company’s leadership team as it moves towards the commercial evaluation of its Saskatchewan Natural Hydrogen Platform. Mr. van Bergstaden, who recently joined the Max Power Board of Directors, is the former CFO of Saskatchewan-based Orano Canada, a leading uranium mining and exploration company headquartered in Saskatoon. He is also the former Vice-President of Finance at Federated Co-operatives Limited, a large Western Canadian wholesaling, manufacturing, marketing and administrative co-operative owned by over 160 independent local retail co-operatives.

Mr van Bergstaden succeeds Mr Ryan Cheung, who has served as Chief Financial Officer of Max Power since June 2025.

Mr. Ran Narayanasamy, CEO of Max Power, commented: “On behalf of the Board, I would like to express our gratitude to Ryan for his significant contribution over the past year as Max Power has become a well-funded global leader in the natural hydrogen sector. We wish him all the best in his future endeavours.”

Mr. Narayanasamy added: “Tony’s experience in Saskatchewan’s resource and industrial sectors comes at an important time for Max Power as we move toward commercial evaluation of the Lawson system. His background in capital discipline, large-scale operations and strategic financial leadership aligns directly with our objective as we seek to responsibly develop what can become a significant new domestic energy platform. Importantly, his tenure with Federated Co-operatives will complement the province’s growing hydrogen ecosystem. “But brings additional perspective, moving Max Power forward within the broader framework of provincial energy development.”

Mr. Van Bergstaden, a CPA and CFA, serves on the boards of Saskatchewan Blue Cross and the Canadian Light Source, Canada’s only synchrotron. He is also a past president of the Greater Saskatoon Chamber of Commerce.

Mr. Van Bergstaden commented: “I am excited to join the Max Power team at such an exciting time with the opportunity to do something very important for shareholders, the province and the country. I am impressed by the depth of talent and RAN’s leadership in expanding the energy ecosystem in Saskatchewan. This is a province that consistently punches above its weight, and this is being demonstrated again in how we are leading the way in natural hydrogen.”

Why does this matter to investors?

The appointment of Tony Van Bergstaden comes at an important stage in Max Power’s development as the company moves from system validation towards commercial evaluation of Canada’s first subsurface natural hydrogen system. With recent 3D seismic results defining the large potential scale at Lawson and third party assessment through globally recognized GLJ Ltd, the focus is rapidly moving towards commercial development planning as Max Power prepares to commence a major follow-on drill program at Lawson.

Mr. Van Bergstaden’s background with Orano Canada and Federated Co-operatives brings deep experience in managing the financial parameters of large-scale resource operations and complex capital structures within Saskatchewan.

At a broader level, this association strengthens Max Power’s ability to execute on a disciplined commercial path within the emerging global energy sector. As the market embraces the opportunity presented by natural hydrogen and demand for clean, affordable and reliable energy continues to grow, the combination of Lawson’s success and experienced financial leadership positions the company to advance potential growth with a strong foundation in governance, capital discipline and regional expertise.

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