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. In exchange, MAX Power will receive 11 million Homeland shares valued at approximately $1.1 million, representing just under 50% of Homeland's currently outstanding shares. The transaction, expected to close on or about June 17, 2026, 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.
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. 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'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 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. The company is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance. The transaction is subject to customary conditions and regulatory approvals, including any required approval from the Canadian Securities Exchange.
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