MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) 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 deal, valued at approximately $1.1 million through the issuance of 11 million Homeland shares, underscores MAX Power’s strategic pivot toward Natural Hydrogen exploration.
The transaction allows MAX Power to sharpen its focus on the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan, while retaining a nearly 50% equity stake in Homeland. This provides continued exposure to the Willcox Project's potential development. The company stated that the divestiture enables management to allocate capital, technical expertise, and execution efforts to Natural Hydrogen, a burgeoning sector in the clean energy transition.
MAX Power’s Lawson Discovery near Central Butte, Saskatchewan, represents Canada’s first confirmed subsurface Natural Hydrogen system, validated by three independent labs through deep drilling. The company 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. This resource is seen as a potential low-carbon energy source that could complement renewables and reduce reliance on fossil fuels.
The decision to divest the lithium asset comes as MAX Power prioritizes its hydrogen initiatives, which have garnered significant attention for their potential to provide clean, baseload energy. Natural hydrogen, produced through geological processes, offers an alternative to electrolytic hydrogen, and Canada’s geology may hold vast untapped reserves. MAX Power’s land package positions it to be a key player in this emerging industry.
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. Homeland Critical Minerals Corp. will assume ownership of the Willcox Playa Lithium Project, which saw a diamond drilling discovery in 2024. MAX Power retains a portfolio of other properties in the U.S. and Canada focused on critical minerals, but its primary emphasis is now on Natural Hydrogen.
This strategic shift reflects broader industry trends as companies seek to capitalize on the growing demand for clean energy sources. Natural hydrogen has the potential to decarbonize hard-to-abate sectors like heavy industry and transportation. For investors, MAX Power’s move signals a concentrated bet on hydrogen’s future, while still holding a stake in lithium through Homeland shares. The success of this strategy will depend on the pace of development at the Lawson Complex and the viability of natural hydrogen as a commercial energy source.
For more details, see the full press release at https://ibn.fm/Y9XXS. Updates on MAX Power are available in the company’s newsroom at https://ibn.fm/MAXXF.
