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 owns the Willcox Playa Lithium Project in Arizona, to Homeland Critical Minerals Corp. The transaction, valued at approximately $1.1 million in Homeland shares, aligns with MAX Power’s strategy to focus resources on advancing its Natural Hydrogen initiatives.
Under the agreement, MAX Power will receive 11 million Homeland shares, representing just under 50% of Homeland’s currently outstanding shares. This equity stake provides MAX Power with significant exposure to the future development of the Willcox Project while allowing the company to concentrate its capital, technical expertise, and execution on the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan.
The divestiture marks a strategic pivot for MAX Power, which has been a pioneer in Canada’s natural hydrogen exploration. 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.
According to the company, the transaction allows management to focus on advancing the Lawson Natural Hydrogen Complex and the broader Genesis Trend while preserving potential upside from lithium and other critical mineral opportunities pursued by Homeland. 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’s portfolio also includes a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, which was 100% owned by MAX Power’s U.S. subsidiary. The sale of this asset reflects the company’s commitment to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
For more details, the full press release is available at https://ibn.fm/Y9XXS. The latest news and updates relating to MAX Power are available in the company’s newsroom at https://ibn.fm/MAXXF.
