MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) announced an agreement to sell its wholly owned subsidiary, MAX Power Resources LLC, which owns the Willcox Playa Lithium Project in Arizona, to Homeland Critical Minerals Corp. The transaction aligns with MAX Power's strategy to focus resources on advancing its Natural Hydrogen initiatives while retaining exposure to lithium development through an equity stake representing just under 50% of Homeland's currently outstanding shares.
Under the terms, MAX Power will receive 11 million Homeland shares valued at approximately $1.1 million. The divestiture allows management to concentrate capital, technical expertise and execution on the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan, 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.
This move underscores MAX Power's commitment to becoming a leader in Natural Hydrogen exploration. The company's 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 prospective for large-volume accumulations of Natural Hydrogen.
Natural Hydrogen, also known as white hydrogen, is generated through natural geological processes and is considered a potentially low-carbon energy source. By divesting the lithium asset, MAX Power can allocate more resources to exploring and developing this emerging resource. 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 in southeast Arizona.
The transaction also provides MAX Power with a strategic stake in Homeland, which will pursue the development of the Willcox Project and other critical mineral opportunities. This structure allows MAX Power to benefit from future success at Willcox without diverting focus from its core Natural Hydrogen business. For more details, the full press release is available at this link.
MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance. The company's innovative approach to mineral and energy exploration focuses on the shift to decarbonization. Latest news and updates relating to MAXXF are available in the company's newsroom at this link.
