MAX Power Mining Divests Arizona Lithium Asset to Focus on Natural Hydrogen
MAX Power Mining Corp. sells its Willcox Playa Lithium Project to sharpen focus on Natural Hydrogen initiatives, retaining a near-50% equity stake in Homeland Critical Minerals.
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. The transaction, valued at approximately $1.1 million through the issuance of 11 million Homeland shares, marks a strategic shift as MAX Power concentrates its resources on advancing its Natural Hydrogen initiatives.
The divestiture allows MAX Power 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 through an equity stake representing just under 50% of Homeland’s currently 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 move underscores the growing importance of natural hydrogen as a potential clean energy source. 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.
MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals, highlighted by the 2024 diamond drilling discovery at the Willcox Playa Lithium Project, which was 100%-owned by MAX Power’s U.S. subsidiary. The sale allows MAX Power to streamline its portfolio while retaining exposure to lithium through its stake in Homeland.
The transaction highlights a trend among exploration companies to focus on specific commodities as demand for critical minerals and clean energy resources grows. Natural hydrogen, in particular, has garnered attention as a potential low-carbon energy source, and MAX Power is positioning itself as a key player in this emerging sector.
For more information, the full press release is available at https://ibn.fm/Y9XXS. The latest news and updates relating to MAXXF are available in the company’s newsroom at https://ibn.fm/MAXXF.