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, MAX Power will receive 11 million shares of Homeland 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.
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. "This transaction sharpens our focus on Natural Hydrogen, which we believe represents a transformative opportunity for clean energy," said a company spokesperson. The Willcox Playa Lithium Project, a 2024 diamond drilling discovery, was 100%-owned by MAX Power's U.S. subsidiary.
MAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. Its 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.
MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals, highlighted by the Willcox Playa Lithium Project. The company is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.
For more information about MAX Power, visit the company's newsroom at https://ibn.fm/MAXXF. The full press release is available at https://ibn.fm/Y9XXS.
