MAX Power Mining Divests Arizona Lithium Asset to Sharpen Natural Hydrogen Focus

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. in exchange for 11 million Homeland shares valued at approximately $1.1 million. This strategic divestiture aligns with MAX Power’s plan to concentrate resources on advancing its Natural Hydrogen projects, particularly the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan.

The transaction allows MAX Power to focus capital, technical expertise, and execution on its Natural Hydrogen initiatives while retaining significant exposure to lithium and other critical mineral opportunities through an equity stake representing just under 50% of Homeland’s currently outstanding shares. The Willcox Project, a 2024 diamond drilling discovery, is a key asset that will now be developed by Homeland. The divestiture 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.

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. This divestiture underscores MAX Power’s commitment to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.

The move is significant because it positions MAX Power as a pure-play Natural Hydrogen explorer in a rapidly evolving energy landscape. Natural hydrogen, also known as white hydrogen, is gaining attention as a potential low-carbon energy source. By divesting its lithium asset, MAX Power can allocate more resources to advancing its Natural Hydrogen projects, which could be pivotal in the global shift toward decarbonization. The company also holds a portfolio of properties in the United States and Canada focused on critical minerals, but the primary focus is now on Natural Hydrogen.

Investors should note that the latest news and updates relating to MAXXF are available in the company’s newsroom at https://ibn.fm/MAXXF. This transaction highlights the company's strategic agility in navigating the critical minerals and energy transition sectors.