MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) 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 an exchange for 11 million Homeland shares valued at approximately $1.1 million, representing just under 50% of Homeland's currently outstanding shares. This divestiture aligns with MAX Power's strategy to concentrate resources on advancing its Natural Hydrogen initiatives while retaining significant exposure to the future development of the Willcox Project through an equity stake.
The company stated that the divestiture allows management to focus 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. For more details, see the full press release at https://ibn.fm/Y9XXS.
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. 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. The company also 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, which was 100%-owned by MAX Power's U.S. subsidiary before this transaction.
This move underscores MAX Power's commitment to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance. By divesting the lithium asset, MAX Power sharpens its focus on what it sees as a transformative opportunity in Natural Hydrogen, a clean energy resource that could play a significant role in the global energy transition. The company's dominant land position in Saskatchewan positions it as a key player in the emerging Natural Hydrogen sector, and this strategic divestiture ensures that resources are not diluted across multiple projects.
For investors, the latest news and updates relating to MAXXF are available in the company's newsroom at https://ibn.fm/MAXXF. The divestiture allows MAX Power to streamline operations and potentially accelerate development of its Natural Hydrogen assets, which could offer significant long-term value.
