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. Under the terms, MAX Power will receive 11 million Homeland shares valued at approximately $1.1 million, representing just under 50% of Homeland's outstanding shares. 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 divestiture aligns with MAX Power's strategic shift to concentrate its resources on advancing its natural hydrogen initiatives, particularly the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan. By exchanging the lithium project for an equity stake in Homeland, MAX Power retains significant exposure to the future development of the Willcox Project while reducing its direct financial burden. The company stated that this move allows management to focus capital, technical expertise, and execution on its core hydrogen focus, which is positioned as a key driver for decarbonization.
MAX Power'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. The company 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. This divestiture underscores the company's commitment to prioritizing natural hydrogen as a key driver for decarbonization.
The Willcox Playa Lithium Project, located in southeast Arizona, was 100% owned by MAX Power's U.S. subsidiary and featured a 2024 diamond drilling discovery. By divesting this asset, MAX Power reduces its direct financial burden while maintaining a substantial equity interest in Homeland, which will pursue further lithium development. This structure allows MAX Power to benefit from any future success at Willcox without diverting resources from its core hydrogen focus.
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The company also holds a portfolio of properties in the United States and Canada focused on critical minerals. MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
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