MAX Power Announces Closing of Sale of Arizona Lithium Asset

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Postmedia has not reviewed the content. by GlobeNewswire MAX Power Announces Closing of Sale of Arizona Lithium AssetAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.REGINA, Saskatchewan, July 31, 2026 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) (“MAX Power” or the “Company”) is pleased to announce that it has completed the previously announced strategic transaction with Homeland Critical Minerals Corp. (“Homeland”), and has received CSE clearance for this transaction, pursuant to a Share Purchase Agreement dated June 5, 2026 (the “Agreement”). MAX Power has sold all the issued and outstanding equity interests of its wholly owned subsidiary, MAX Power Resources LLC, to Homeland, in exchange for 11 million common shares of Homeland (the “Consideration Shares”). MAX Power Resources LLC owns the Willcox Playa Lithium Project (the “Willcox Project”) and is a limited liability company existing under the laws of the State of Arizona.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountMAX Power may evaluate various alternatives with respect to its Homeland share position in the future, including the potential distribution of some or all such shares to MAX Power shareholders, subject to applicable corporate, securities and regulatory requirements. Homeland intends to pursue a near-term listing on the TSX Venture Exchange.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againOther benefits of this transaction for MAX Power shareholders are as follows:MAX Power remains intensely focused on its immediate goal of making the Lawson Complex and the broader Genesis Trend the global birthplace of large-scale Natural Hydrogen commercialization;With an improved lithium market and an administration focused on critical minerals development, Homeland is well positioned to unlock value from the Willcox Project and pursue other potential critical mineral opportunities in the United States;Through its ownership of 11 million Consideration Shares, representing just under 50% of Homeland’s issued and outstanding shares, MAX Power maintains significant exposure to the future success of the Willcox Project and Homeland’s broader business strategy.In early 2024, MAX Power confirmed a drilling discovery of near-surface lithium-rich clays over an extensive area of the Willcox Project along the eastern side of the broader 50-square-mile playa (refer to April 26, 2024, news release). Much of the rest of the playa is leased by the U.S. Department of Defense from the Bureau of Land Management (BLM).Pursuant to the Agreement, Homeland acquired all the issued and outstanding equity interests of MAX Power Resources LLC in exchange for the Consideration Shares. The Consideration Shares have an aggregate fair market value of approximately $1.1 million (CDN) and were negotiated on an arm’s-length basis. No finder’s fees were payable in connection with the transaction. The Consideration Shares are subject to applicable statutory resale restrictions, including a four-month hold period.Mr. Ran Narayanasamy, MAX Power CEO, commented:“We are pleased to have completed this transaction, which unlocks the value of an asset overlooked by investors given our intense focus on Natural Hydrogen and our success in Saskatchewan. As a major shareholder of Homeland, MAX Power looks forward to this company’s development and growth as an important player in the critical minerals sector in the United States.”This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Figure 1 – Drilling Photo From Lawson, Genesis Trend (Nov. 2025)Genesis Explained: Its “Salt Barrier” Advantage and Proximity to Demandhttps://www.youtube.com/watch?v=3ytpHdve6S8The Genesis Trend’s Industrial Corridorhttps://youtube.com/shorts/IAgALH_s3mILawson – Canada’s First Big Step into Natural Hydrogenhttps://www.youtube.com/watch?v=lTTOwMxz_zoMAX Power Saskatchewan Natural Hydrogen Documentary Videohttps://www.youtube.com/watch?v=TXGDtTUbJ2cHistory in The Making at Lawson – Video Immediately Ahead of Drill Rig Setuphttps://www.youtube.com/watch?v=BNHazk9Sy4EStay Connected by Following Us OnMAX Power is an innovative mineral and energy exploration company focused on the shift to decarbonization. The Company’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. MAX Power has built dominant district-scale land positions across Saskatchewan with approximately 2 million acres (~809,000 hectares) of permits covering prime exploration ground prospective for large-volume accumulations of Natural Hydrogen, and has commenced a multi-well follow-up drill program to validate the commerciality of the broader Lawson Complex interpreted to cover a 28 sq. km area along the 475-km Genesis Trend. MAX Power also holds a significant equity position in Homeland Critical Minerals which now owns the Willcox Project in Arizona, a lithium discovery confirmed in early 2024 by MAX Power. MAX Power is committed to responsible exploration and development practices that prioritize environmental stewardship, meaningful community engagement, and strong corporate governance.On behalf of the Board of Directors,Ran Narayanasamy, CEOMAX Power Mining Corp.info@maxpowermining.comFor further information, please contact:Chad Levesque, PresidentPh: 1-306-981-4753chad@maxpowermining.comSarah Mawji, Venture Strategiessarah@venturestrategies.comCautionary Statement Regarding Forward-Looking InformationThis news release contains certain forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws, collectively referred to as “forward-looking information”. Forward-looking information in this news release includes, but is not limited to, statements regarding the anticipated benefits of the transaction; MAX Power’s continued focus on the Lawson Complex, the Genesis Trend and its Natural Hydrogen exploration and commercialization objectives; the potential for large-scale Natural Hydrogen commercialization; the ability of Homeland to advance, develop and unlock value from the Willcox Project; Homeland’s ability to pursue additional critical mineral opportunities in the United States; the future value and performance of Homeland and the Consideration Shares; MAX Power’s continued exposure to the future success of Homeland and the Willcox Project; and MAX Power’s future plans and potential alternatives with respect to its ownership of the Consideration Shares, including the potential distribution of some or all of the Consideration Shares to MAX Power shareholders.Forward-looking information is based on a number of assumptions that management believes are reasonable as of the date of this news release, including assumptions regarding the continued development and advancement of the Company’s Natural Hydrogen assets; the results of future exploration, testing and development activities; the availability of financing and other resources required to advance exploration and development activities; commodity and critical mineral market conditions; Homeland’s ability to advance the Willcox Project and execute its business strategy; the future value and liquidity of the Consideration Shares; and the receipt of any corporate, securities, regulatory or other approvals that may be required in connection with any future disposition or distribution of the Consideration Shares.Although MAX Power believes that the expectations and assumptions reflected in such forward-looking information are reasonable, there can be no assurance that they will prove to be correct. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, among others, risks associated with mineral and Natural Hydrogen exploration and development; the speculative nature of exploration activities; uncertainty regarding exploration results and the commercial viability of any discovery; delays in obtaining permits, approvals or surface access; availability of capital and financing on acceptable terms; changes in commodity prices and market conditions; technological, operational and infrastructure risks; changes in laws, regulations and government policies; risks associated with Homeland’s business, management and ability to advance the Willcox Project; the absence of an established public market or liquidity for the Consideration Shares; fluctuations in the value of the Consideration Shares; and the possibility that MAX Power may determine not to dispose of or distribute the Consideration Shares, or may be unable to do so on the timing or terms currently contemplated.Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this news release is made as of the date hereof, and MAX Power undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Additional information regarding risks and uncertainties affecting MAX Power and its business is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.