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 in Homeland shares, aligns with MAX Power’s strategic shift to focus on its Natural Hydrogen exploration programs in Saskatchewan.
Under the agreement, MAX Power will receive 11 million shares of Homeland, representing a stake of just under 50% of Homeland’s currently outstanding shares. This equity position allows MAX Power to retain significant exposure to the future development of the Willcox Project while redirecting its capital and technical expertise toward its core Natural Hydrogen assets.
The divestiture enables management to concentrate resources on the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan. The Lawson Discovery, near Central Butte, 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 stated that the sale allows it to focus on responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance, 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. For the full press release, visit https://ibn.fm/Y9XXS.
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. In addition to its Natural Hydrogen holdings, 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. For the latest news and updates, visit the company’s newsroom at https://ibn.fm/MAXXF.
