MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has entered into an agreement to sell its wholly owned subsidiary, MAX Power Resources LLC, which owns the Willcox Playa Lithium Project in Arizona, to Homeland Critical Minerals Corp. The transaction involves MAX Power receiving 11 million Homeland shares, valued at approximately $1.1 million, representing just under 50% of Homeland's currently outstanding shares. This strategic divestiture allows MAX Power to sharpen its focus on advancing its Natural Hydrogen initiatives, particularly the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan.
The company stated that the divestiture enables management to concentrate capital, technical expertise, and execution on its Natural Hydrogen projects while retaining significant exposure to the future development of the Willcox Project through its equity stake in Homeland. The Willcox Playa Lithium Project was discovered through diamond drilling in 2024 and is 100%-owned by MAX Power's U.S. subsidiary. The transaction is expected to close on or about June 17, 2026, subject to customary conditions and regulatory approvals, including any required approval from the Canadian Securities Exchange.
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The company's Lawson Discovery near Central Butte, Saskatchewan, represents Canada's first-ever subsurface Natural Hydrogen system confirmed through deep drilling with data validated by three independent labs. MAX Power has built dominant district-scale land positions across Saskatchewan with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen. The company also holds a portfolio of properties in the United States and Canada focused on critical minerals.
This strategic move underscores MAX Power's commitment to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance. By divesting the Arizona lithium asset, MAX Power is streamlining its operations to focus on the promising Natural Hydrogen sector, which is gaining attention as a potential clean energy source.
For more details, the full press release is available at https://ibn.fm/Y9XXS. The latest news and updates relating to MAXXF can be found in the company's newsroom at https://ibn.fm/MAXXF.
