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 involves 11 million Homeland shares valued at approximately $1.1 million, representing just under 50% of Homeland's currently outstanding shares. This strategic divestiture aligns with MAX Power's plan to concentrate its capital, technical expertise, and execution on advancing its Natural Hydrogen initiatives, particularly the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan.
The Willcox Playa Lithium Project, which was 100%-owned by MAX Power's U.S. subsidiary, was highlighted by a 2024 diamond drilling discovery. By selling this asset, MAX Power retains significant exposure to the future development of the Willcox Project through its equity stake in Homeland, while freeing up resources to focus on Natural Hydrogen exploration. The company views Natural Hydrogen as a promising frontier in the shift to decarbonization, and the 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 for large-volume accumulations of Natural Hydrogen. The company remains committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance. 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 full press release is available at https://ibn.fm/Y9XXS. For more information about MAX Power, visit their newsroom at https://ibn.fm/MAXXF.
