Key Highlights
- NUE Power expects to appoint former MAX Power CEO Ran Narayanasamy to its board.
- The appointment is expected after NUE’s November 19, 2026 annual general meeting, subject to approvals.
- NUE said it has established a Regina office after being accepted as a tenant at Innovation Saskatchewan’s Collider.
NUE Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (FSE: NUE1) says former MAX Power Mining Corp. CEO Ranjith (“Ran”) Narayanasamy is expected to be appointed to NUE’s Board of Directors following the company’s annual general meeting on November 19, 2026, subject to applicable approval and regulatory requirements.
The company said Narayanasamy has already helped establish NUE’s presence in Regina, Saskatchewan, including assisting with its acceptance at Innovation Saskatchewan’s Collider workspace, and is expected to support NUE’s development strategy through strategic relationships, industry experience and board oversight.
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Regina office and Saskatchewan base
NUE said it has been accepted as a tenant at Collider in Regina’s Research and Technology Park after a review of the company’s planned research and development activities in the city. NUE described the office as its Saskatchewan base to support research and development, build industry relationships and evaluate opportunities alongside its southern Alberta development activities.
The release also said the office will support work related to energy projects in the region and research and development in natural gas, nuclear (micro / small modular reactors) and hybrid energy programs (renewable/ gas). NUE added that it does not currently hold an interest in any nuclear or small modular reactor project.
Narayanasamy’s background and MAX Power figures cited
NUE highlighted Narayanasamy’s prior roles, including serving as Chief Executive Officer of MAX Power Mining Corp. from December 1, 2025 to October 13, 2026. The release cited MAX Power’s receipt of more than C$70 million in gross proceeds through completed private placements and disclosed warrant exercises during that period, and said MAX Power’s market capitalization increased from about C$76 million to more than C$550 million based on closing share prices and shares outstanding on the stated dates.
Before MAX Power, NUE said Narayanasamy was President and Chief Executive Officer of the Petroleum Technology Research Centre in Regina, and previously spent 17 years at SaskPower in senior roles. NUE also noted he holds a Master of Engineering and an MBA from the University of Regina and is a registered Professional Engineer in Saskatchewan.
NUE said it expects to provide further updates as material developments occur.
The original press release is available on stockhouse.com
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