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. The transaction, valued at approximately $1.1 million through the issuance of 11 million Homeland shares, aligns with MAX Power's strategy to sharpen its focus on Natural Hydrogen exploration while retaining significant exposure to the lithium project's future development.
Under the terms of the deal, MAX Power will receive shares representing just under 50% of Homeland's currently outstanding shares. This equity stake ensures the company can benefit from future advancements at the Willcox Project, which was the site of a 2024 diamond drilling discovery, while redirecting its capital and technical expertise toward its Natural Hydrogen portfolio.
The divestiture allows MAX Power to concentrate on its flagship Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan. The company's Lawson Discovery near Central Butte, Saskatchewan, represents Canada's first confirmed subsurface Natural Hydrogen system, validated through deep drilling and data from three independent labs. MAX Power has built a dominant district-scale land position of approximately 1.3 million acres (521,000 hectares) across Saskatchewan, targeting large-volume accumulations of Natural Hydrogen.
Natural hydrogen, also known as white or gold hydrogen, is naturally occurring hydrogen generated through geological processes. It is gaining attention as a potential low-carbon energy source, as it does not require energy-intensive production methods like electrolysis or steam methane reforming. By focusing on Natural Hydrogen, MAX Power positions itself at the forefront of this emerging sector.
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. The full press release is available at https://ibn.fm/Y9XXS.
MAX Power's strategic shift reflects a broader industry trend where companies are streamlining operations to focus on high-growth opportunities. The company remains committed to responsible exploration and development practices, emphasizing environmental stewardship, community engagement, and strong corporate governance. For more information on MAX Power, visit their newsroom at https://ibn.fm/MAXXF.
