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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.
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MAX 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.
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Other benefits of this transaction for MAX Power shareholders are as follows:
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- 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.
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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).
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The Deal
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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.
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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.”
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