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, valued at approximately $1.1 million through the issuance of 11 million Homeland shares, aligns with MAX Power's strategic shift to concentrate resources on advancing its Natural Hydrogen initiatives.
The divestiture allows MAX Power to focus capital, technical expertise, and execution on the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan, while retaining significant exposure to the future development of the Willcox Project through an equity stake representing just under 50% of Homeland's currently outstanding shares. The company emphasized that this move preserves 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. MAX Power's decision underscores its commitment to becoming a leader in the emerging Natural Hydrogen sector, with the Lawson Discovery near Central Butte, Saskatchewan, representing Canada's first-ever subsurface Natural Hydrogen system confirmed through deep drilling and 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 is also committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
For more details on the press release, visit https://ibn.fm/Y9XXS. The latest news and updates relating to MAXXF are available in the company's newsroom at https://ibn.fm/MAXXF.
