MAX Power Mining Corp. announced the closing of the sale of its Arizona lithium asset to Homeland Critical Minerals Corp. on July 31, 2026 [1].
The deal marks the completion of a strategic transaction that allows the Regina-based company to exit direct ownership of the U.S. asset while maintaining a financial stake in its development. By transitioning from an operator to a shareholder, MAX Power seeks to balance its portfolio while retaining exposure to the potential growth of the Arizona site.
As part of the agreement, MAX Power received clearance from the Canadian Securities Exchange (CSE) [1]. The company now holds 11 million consideration shares in Homeland Critical Minerals Corp. [2]. These shares represent just under 50% of the total issued and outstanding shares of Homeland [2].
The transaction was designed to streamline the company's focus and ensure a structured transition of the lithium property. The asset is located in Arizona, where critical mineral extraction is increasingly prioritized for domestic supply chains [1].
MAX Power said the move allows the company to retain significant exposure to the future success of Homeland Critical Minerals Corp. through its substantial shareholding [1]. The closing concludes the process previously announced by the company as a strategic move to optimize its asset base [1].
“MAX Power now holds 11 million consideration shares in Homeland Critical Minerals Corp.”
This transaction reflects a broader trend in the mining sector where companies spin off specific assets into new entities to unlock value or reduce operational risk. By retaining nearly half of Homeland's equity, MAX Power is effectively betting on the asset's success without the immediate overhead of direct management, while the move secures a critical mineral foothold for Homeland in the U.S.
