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 owns 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 concentrate resources on advancing its Natural Hydrogen initiatives.
Under the deal, MAX Power will receive 11 million Homeland shares, representing just under 50% of Homeland's currently outstanding shares. This allows MAX Power to retain significant exposure to the future development of the Willcox Project while redirecting capital and technical expertise toward its core focus: the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan.
The company stated that the divestiture enables management to focus on Canada's first-ever subsurface Natural Hydrogen system, confirmed through deep drilling at the Lawson Discovery near Central Butte, Saskatchewan. Data from the discovery has been validated by three independent labs. MAX Power has built a dominant district-scale 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.
In addition to its hydrogen assets, MAX Power holds a portfolio of properties in the United States and Canada focused on critical minerals. The Willcox Playa Lithium Project in southeast Arizona, where a 2024 diamond drilling discovery was made, will now be advanced 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 strategic move underscores MAX Power's commitment to the shift to decarbonization, prioritizing Natural Hydrogen as a clean energy source. The company is dedicated to responsible exploration and development practices that emphasize environmental stewardship, meaningful community engagement, and strong corporate governance.
For more details on the full press release, visit https://ibn.fm/Y9XXS. The latest news and updates on MAX Power are available in the company's newsroom at https://ibn.fm/MAXXF.
