MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) has entered into 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, reflects MAX Power's strategic pivot to concentrate on its Natural Hydrogen exploration and development programs.
Under the terms of the agreement, MAX Power will receive 11 million shares of Homeland, representing just under 50% of Homeland's currently outstanding shares. This equity stake allows MAX Power to retain significant exposure to the future development of the Willcox Project while redirecting its capital and technical expertise toward its Natural Hydrogen assets in Saskatchewan, including the Lawson Natural Hydrogen Complex and the broader Genesis Trend.
The divestiture underscores MAX Power's commitment to becoming a leader in natural hydrogen exploration. The company's Lawson Discovery near Central Butte, Saskatchewan, is Canada's first subsurface Natural Hydrogen system confirmed through deep drilling, with data validated by three independent labs. MAX Power has built a dominant land position 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.
By selling the lithium asset, MAX Power can focus on what it sees as a transformative opportunity in natural hydrogen, a zero-carbon energy source. 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 also holds a portfolio of properties in the United States and Canada focused on critical minerals. The Willcox Playa Lithium Project, which was 100% owned by MAX Power's U.S. subsidiary, had a 2024 diamond drilling discovery in southeast Arizona. The company said the divestiture allows management to focus on execution while preserving potential upside from lithium and other critical mineral opportunities pursued by Homeland.
For more details on the press release, visit https://ibn.fm/Y9XXS. More information about MAX Power is available at the company's newsroom at https://ibn.fm/MAXXF.
