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. in exchange for 11 million Homeland shares valued at approximately $1.1 million. The transaction aligns with MAX Power’s strategy to focus its resources on advancing its Natural Hydrogen initiatives 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 stated that 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.
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. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona, 100%-owned by MAX Power’s U.S. subsidiary. By divesting the lithium asset, MAX Power is sharpening its strategic focus on natural hydrogen, which is emerging as a potentially transformative clean energy source. The move allows the company to allocate resources more efficiently toward advancing its hydrogen projects, which could position it as a key player in the natural hydrogen sector.
The implications of this announcement are significant for MAX Power and the broader clean energy landscape. By divesting its lithium asset, MAX Power is doubling down on natural hydrogen, a resource that has the potential to provide low-cost, low-carbon energy. This strategic pivot could accelerate the development of Canada’s first natural hydrogen system and attract further investment into the sector. For investors, the transaction provides a clear signal of MAX Power’s strategic direction and its commitment to focusing on high-potential opportunities. The retention of a near-50% equity stake in Homeland also ensures that MAX Power maintains exposure to the lithium market, balancing risk and reward.
