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

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 involves 11 million Homeland shares valued at approximately $1.1 million, granting MAX Power a roughly 50% equity stake in Homeland. This strategic divestiture allows MAX Power to concentrate capital, technical expertise, and execution on its Natural Hydrogen initiatives, particularly the Lawson Natural Hydrogen Complex and the broader Genesis Trend in Saskatchewan, while retaining exposure to lithium and other critical mineral opportunities through Homeland.

The Willcox Playa Lithium Project, located in southeast Arizona, was 100% owned by MAX Power's U.S. subsidiary and highlighted by a 2024 diamond drilling discovery. Under the agreement, Homeland will take over the project, and MAX Power will hold a significant equity position, ensuring continued participation in future development. 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.

MAX Power's focus on Natural Hydrogen stems from its Lawson Discovery near Central Butte, Saskatchewan, which 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. The divestiture of the lithium asset underscores MAX Power's commitment to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.

This move is significant for investors as it streamlines MAX Power's portfolio, potentially accelerating progress in the emerging Natural Hydrogen sector. The company's retained equity in Homeland provides a strategic hedge, allowing it to benefit from any lithium upside without diverting resources. For full details, the press release can be viewed at https://ibn.fm/Y9XXS. More information about MAX Power is available on its website, and the latest news relating to MAXXF can be found in the company's newsroom at https://ibn.fm/MAXXF.