MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) 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, will see MAX Power receive 11 million Homeland shares, giving it a stake of just under 50% of Homeland's currently outstanding shares.
The divestiture aligns with MAX Power's strategy to concentrate resources on advancing its Natural Hydrogen initiatives, particularly the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan. By selling the lithium asset, MAX Power can focus capital, technical expertise, and execution on its hydrogen projects while retaining exposure to potential lithium and critical mineral development through its equity in Homeland.
The Willcox Playa Lithium Project in southeast Arizona was discovered through diamond drilling in 2024 and was 100%-owned by MAX Power's U.S. subsidiary. The project represents a significant lithium resource, but MAX Power management determined that divesting the asset would allow the company to prioritize its natural hydrogen exploration, which has shown promising results in Canada.
The Lawson Discovery near Central Butte, Saskatchewan, is 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 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 sale allows MAX Power to streamline its portfolio and focus on what it considers its most promising assets in the natural hydrogen space.
For more information on MAX Power, visit the company's newsroom at https://ibn.fm/MAXXF. To view the full press release, see https://ibn.fm/Y9XXS.
This move underscores the growing interest in natural hydrogen as a clean energy source and MAX Power's commitment to responsible exploration and development practices that prioritize environmental stewardship, community engagement, and corporate governance.
