MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has announced an agreement to sell its wholly owned subsidiary, MAX Power Resources LLC, which holds the Willcox Playa Lithium Project in Arizona, to Homeland Critical Minerals Corp. The transaction, valued at approximately $1.1 million through the issuance of 11 million Homeland shares, aligns with MAX Power's strategy to concentrate resources on advancing its Natural Hydrogen initiatives. The divestiture allows MAX Power to focus capital, technical expertise and execution on the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan, while retaining significant exposure to the future development of the Willcox Project through an equity stake representing just under 50% of Homeland's currently outstanding shares.
The company stated that the move is intended to sharpen its focus on Natural Hydrogen, a promising clean energy frontier. MAX Power'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. The company 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. By divesting the lithium asset, MAX Power can allocate more resources to these hydrogen projects, which are seen as critical to the decarbonization effort.
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. The deal also provides MAX Power with a stake in Homeland, allowing it to participate in any future success of the Willcox Project without the operational burden. This structure enables MAX Power to maintain upside potential from lithium and other critical mineral opportunities pursued by Homeland, while focusing its own efforts on Natural Hydrogen.
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. Beyond its hydrogen properties, the company holds a portfolio of properties in the United States and Canada focused on critical minerals, highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona. The company is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance. For more information, visit the company's newsroom at https://ibn.fm/MAXXF.
The full press release is available at https://ibn.fm/Y9XXS.
