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. In exchange, MAX Power will receive 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 concentrate its capital, technical expertise, and operational efforts on advancing its Natural Hydrogen initiatives, particularly the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan.
The transaction underscores MAX Power's commitment to becoming a leader in Natural Hydrogen exploration, a sector gaining attention as a potential clean energy source. By selling the lithium asset, the company retains significant exposure to the Willcox Project's future development through its equity stake in Homeland, which will pursue lithium and other critical mineral opportunities. The deal is expected to close on or about June 17, 2026, pending customary conditions and regulatory approvals, including any required approval from the Canadian Securities Exchange.
MAX Power's focus on Natural Hydrogen is rooted in its Lawson Discovery near Central Butte, Saskatchewan, which represents Canada's first-ever subsurface Natural Hydrogen system confirmed through deep drilling and validated by three independent labs. The company has built a dominant district-scale land position across Saskatchewan, with approximately 1.3 million acres of permits covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen. This divestiture allows management to direct resources toward advancing these hydrogen projects while still benefiting from potential lithium upside.
The Willcox Playa Lithium Project, located in southeast Arizona, was 100% owned by MAX Power's U.S. subsidiary and was highlighted by a 2024 diamond drilling discovery. By transferring this asset to Homeland, MAX Power reduces its operational footprint in lithium while maintaining a strategic stake in its progress. The company remains committed to responsible exploration practices, prioritizing environmental stewardship, community engagement, and corporate governance.
This move aligns with broader industry trends where companies are streamlining portfolios to focus on high-potential sectors. For MAX Power, the decision to divest the lithium asset reflects a calculated shift toward Natural Hydrogen, a resource that could play a key role in decarbonization. The company's president noted that the transaction preserves upside from critical minerals while sharpening the focus on the hydrogen complex. Investors can find more details in the full press release at https://ibn.fm/Y9XXS.
MAX Power is an innovative mineral and energy exploration company focused on decarbonization. In addition to its hydrogen projects, the company holds a portfolio of properties in the United States and Canada targeting critical minerals. For the latest updates, visit the company's newsroom at https://ibn.fm/MAXXF.
