Blab Business
MAX Power Mining Completes Sale of Arizona Lithium Asset to Homeland Critical Minerals, Gains 11 Million Shares
On July 31, 2026, MAX Power Mining Corp. (CSE: MAXX) announced that it had closed a share‑purchase agreement with Homeland Critical Minerals Corp. (OTC: MAXXF). Under the terms, MAX Power sold all equity interests of its wholly‑owned subsidiary, MAX Power Resources LLC, to Homeland. In return, MAX Power received 11 million common shares of Homeland, a transaction that the Canadian Securities Exchange cleared and that the company valued at approximately $1.1 million Canadian dollars.
MAX Power Resources LLC owned the Willcox Playa Lithium Project in Arizona. The project covers a 6‑mile‑long, northeast‑trending corridor of 3,754 acres along the eastern side of a 50‑square‑mile playa. Discovered by MAX Power in early 2024, the lithium asset has attracted interest from U.S. critical‑minerals developers. By transferring the asset to Homeland, MAX Power has granted the U.S. company a foothold in a near‑surface lithium deposit that Homeland intends to unlock.
The transaction gives MAX Power a significant stake in Homeland. The 11 million shares represent just under 50 % of Homeland’s issued and outstanding shares, providing MAX Power with exposure to Homeland’s future performance. The company said it may evaluate alternatives for its Homeland share position, including the potential distribution of some or all shares to MAX Power shareholders, subject to applicable corporate, securities and regulatory requirements.
MAX Power’s strategic focus has shifted toward natural hydrogen since 2023. The company’s Lawson Complex in Saskatchewan and the broader Genesis Trend are described as the “global birthplace of large‑scale natural hydrogen commercialization.” By divesting the lithium asset, MAX Power aims to concentrate resources and capital on advancing the Lawson Complex and validating the commercial potential of the Genesis Trend.
According to the company’s press release, CEO Ran Narayanasamy said the transaction “unlocks the value of an asset overlooked by investors given our intense focus on Natural Hydrogen and our success in Saskatchewan.” He added that, as a major shareholder of Homeland, MAX Power looks forward to the company’s development and growth as an important player in the U.S. critical‑minerals sector.
The consideration shares were negotiated on an arm’s‑length basis. No finder's fees were payable. The shares are subject to statutory resale restrictions, including a four‑month hold period. The transaction was completed after CSE clearance and is subject to securities and corporate regulations in both Canada and the United States.
Homeland intends to pursue a near‑term listing on the TSX Venture Exchange, which could provide liquidity for the shares held by MAX Power. The transaction, announced earlier on June 5, 2026, and completed on July 31, 2026, reflects a broader trend of Canadian mining companies divesting non‑core assets to focus on high‑growth sectors such as natural hydrogen.
At present, MAX Power holds 11 million Homeland shares and remains focused on advancing the Lawson Complex and the Genesis Trend. The company has not yet announced a distribution of shares to its shareholders, but it may consider such a move in the future. Upcoming events for MAX Power include its next earnings report and any shareholder votes related to its share position in Homeland.
The transaction is complete; MAX Power’s strategic emphasis remains on natural hydrogen, while its exposure to Homeland provides a potential upside from the U.S. lithium project and other critical‑minerals opportunities.
MAX Power Resources LLC owned the Willcox Playa Lithium Project in Arizona. The project covers a 6‑mile‑long, northeast‑trending corridor of 3,754 acres along the eastern side of a 50‑square‑mile playa. Discovered by MAX Power in early 2024, the lithium asset has attracted interest from U.S. critical‑minerals developers. By transferring the asset to Homeland, MAX Power has granted the U.S. company a foothold in a near‑surface lithium deposit that Homeland intends to unlock.
The transaction gives MAX Power a significant stake in Homeland. The 11 million shares represent just under 50 % of Homeland’s issued and outstanding shares, providing MAX Power with exposure to Homeland’s future performance. The company said it may evaluate alternatives for its Homeland share position, including the potential distribution of some or all shares to MAX Power shareholders, subject to applicable corporate, securities and regulatory requirements.
MAX Power’s strategic focus has shifted toward natural hydrogen since 2023. The company’s Lawson Complex in Saskatchewan and the broader Genesis Trend are described as the “global birthplace of large‑scale natural hydrogen commercialization.” By divesting the lithium asset, MAX Power aims to concentrate resources and capital on advancing the Lawson Complex and validating the commercial potential of the Genesis Trend.
According to the company’s press release, CEO Ran Narayanasamy said the transaction “unlocks the value of an asset overlooked by investors given our intense focus on Natural Hydrogen and our success in Saskatchewan.” He added that, as a major shareholder of Homeland, MAX Power looks forward to the company’s development and growth as an important player in the U.S. critical‑minerals sector.
The consideration shares were negotiated on an arm’s‑length basis. No finder's fees were payable. The shares are subject to statutory resale restrictions, including a four‑month hold period. The transaction was completed after CSE clearance and is subject to securities and corporate regulations in both Canada and the United States.
Homeland intends to pursue a near‑term listing on the TSX Venture Exchange, which could provide liquidity for the shares held by MAX Power. The transaction, announced earlier on June 5, 2026, and completed on July 31, 2026, reflects a broader trend of Canadian mining companies divesting non‑core assets to focus on high‑growth sectors such as natural hydrogen.
At present, MAX Power holds 11 million Homeland shares and remains focused on advancing the Lawson Complex and the Genesis Trend. The company has not yet announced a distribution of shares to its shareholders, but it may consider such a move in the future. Upcoming events for MAX Power include its next earnings report and any shareholder votes related to its share position in Homeland.
The transaction is complete; MAX Power’s strategic emphasis remains on natural hydrogen, while its exposure to Homeland provides a potential upside from the U.S. lithium project and other critical‑minerals opportunities.
