MAX Power Mining Corp. (CSE: MAXX | OTC: MAXXF | FSE: 89N) is narrowing its focus. On June 8, 2026 the company agreed to sell the subsidiary that owns its Willcox lithium project in Arizona to a company called Homeland Critical Minerals Corp. In plain terms, MAX Power is handing off its lithium asset so it can put its full attention on natural hydrogen, while still owning a large piece of the company taking the lithium project on.
What is the deal
MAX Power is not getting cash. It is getting 11 million shares of Homeland, which works out to just under half of Homeland. The company values those shares at about $1.1 million. The two sides negotiated at arm’s length, no finder’s fees are involved, and the shares come with a four-month hold before they can be sold. The deal is expected to close on or about June 17, 2026, once approvals, including from the CSE, are in place. Homeland says it plans to list on a Canadian stock exchange as soon as it can.
What is natural hydrogen, and why the focus
Most hydrogen today is manufactured, which is expensive and energy-intensive. Natural hydrogen is different: it occurs underground and can be drilled for, like natural gas. MAX Power’s main project, Lawson in Saskatchewan, is what the company calls Canada’s first underground natural hydrogen system confirmed by drilling, with the results checked by three independent labs. The company holds about 1.3 million acres of permits across Saskatchewan, highlighted by the 475-km Genesis Trend.
Where it stands
• MAX Power keeps a stake in the lithium project’s future through its near-half ownership of Homeland.
• It is concentrating its money and people on natural hydrogen at Lawson and the surrounding ground.
• The company says it is close to starting a multi-well drill program to test whether the Lawson find can work commercially.
What to watch from here
This simplifies the story to one main focus, natural hydrogen, plus a kept stake in the lithium side through Homeland. The company has also said it might later consider passing some or all of its Homeland shares to MAX Power shareholders, though that is only a possibility it has raised, subject to approvals. The things to watch next are the deal closing around June 17 and the planned drilling at Lawson. This is still early-stage exploration, and commercial production has not been proven.
This article references the proposed transaction, its expected timing, the receipt of regulatory and other approvals, Homeland’s intended listing, and planned exploration activities, all of which are forward-looking and subject to risk. There is no assurance the transaction will close on the terms described or at all, that required approvals will be obtained, or that any drill program will be completed as planned or prove commercial. Readers should not place undue reliance on forward-looking information. See MAX Power’s full forward-looking statements and risk disclosures on SEDAR+ at www.sedarplus.ca.
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