MAX Power (CSE:MAXX) acquires lithium exploration permits in Arizona

• MAX Power (MAXX) has acquired a district scale opportunity targeting lithium-rich brines and claystones in Arizona
• This is in the 130 sq. km. Willcox Playa in Cochise County, Arizona, 322 km southeast of Phoenix
• The U.S. Geological Survey referenced this area as one of the most prospective locations for lithium in the Western United States
• MAX Power Mining Corp. (MAXX) opened trading at $0.53 per share

MAX Power (MAXX) has acquired a district scale opportunity targeting lithium-rich brines and claystones in Arizona.

This is in the 130 sq. km. Willcox Playa in Cochise County, Arizona, 322 km southeast of Phoenix.

After completing limited drilling at the Willcox Playa in the 1970’s, the U.S. Geological Survey referenced this area as one of the most prospective locations for lithium in the Western United States, similar in its potential to Clayton Valley, Nevada.

Decades of U.S. Air Force activity in the Willcox Playa has ended, with MAX securing three blocks totalling 15 sq. km. mostly leased from the state of Arizona.

MAX Power’s CEO, Rav Mlait stated that with an American division and a Canadian division, his team’s view is that they will be able to grow their shareholder base exponentially in 2023 while delivering brisk year-round news flow.

“Each division will have its own niches in the lithium space, allowing MAX to appeal to very specific audiences in North America, and in each case, this includes quality exploration opportunities that provide potential high impact discovery leverage for investors. In addition, this structure provides for the potential of various strategic corporate options to further build shareholder value including a spinout of certain assets if the opportunity arises.”

The company signed a purchase and sale agreement for 100 per cent of three mineral exploration permits (state land) from Ares Strategic Mining Inc. for consideration of 500,000 common shares of the company and $40,000 cash.

MAX Power is an exploration-stage resource company targeting domestic lithium resources to advance North America’s renewable energy prospects.

MAX Power Mining Corp. (MAXX) opened trading at $0.53 per share.

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