MAX Power Mining Divests Arizona Lithium Asset to Sharpen Focus on Natural Hydrogen
MAX Power Mining sells its Arizona lithium project to Homeland Critical Minerals for $1.1 million in stock, concentrating resources on its Natural Hydrogen initiatives in Saskatchewan.
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, will see MAX Power receive 11 million shares of Homeland, representing just under 50% of Homeland’s currently outstanding shares.
This divestiture marks a strategic pivot for MAX Power as it sharpens its focus on Natural Hydrogen exploration. The company intends to concentrate its capital, technical expertise, and execution on the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan. By selling the Arizona lithium asset, MAX Power retains significant exposure to the future development of the Willcox Project through its equity stake in Homeland, while freeing up resources to advance its hydrogen initiatives.
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 aligns with MAX Power’s broader strategy to prioritize decarbonization efforts, with Natural Hydrogen emerging as a key focus area.
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. In addition to its hydrogen assets, MAX Power holds a portfolio of properties in the United States and Canada focused on critical minerals, though the divestiture of the Willcox Playa Lithium Project streamlines its portfolio.
The decision to divest the Arizona lithium project underscores the company’s commitment to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance. By focusing on Natural Hydrogen, MAX Power positions itself at the forefront of a potentially transformative energy source, which could play a critical role in the global shift to decarbonization.
For more details on the transaction, 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.