Primary Hydrogen Corp – Sustainable, Natural Hydrogen https://primaryh2.com A Crucial Storage Medium For The Clean Energy Future Thu, 16 Jan 2025 17:10:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://primaryh2.com/wp-content/uploads/2024/10/cropped-PrimaryH2_icon-32x32.png Primary Hydrogen Corp – Sustainable, Natural Hydrogen https://primaryh2.com 32 32 Primary Hydrogen Announces CFO Transition https://primaryh2.com/primary-hydrogen-announces-cfo-transition/ Tue, 31 Dec 2024 19:37:24 +0000 https://primaryh2.com/?p=10858 Vancouver, British Columbia – December 31, 2024 – Primary Hydrogen Corp. (TSXV: HDRO) (the “Company” or “Primary”) is pleased to announce the appointment of Ms. Jelena Veljovic as Chief Financial Officer of the Company effective immediately. Ms. Veljovic replaces Mr. Joel Leonard, who has served as CFO since September 2020. The Company wishes to thank Mr. Leonard for fulfilling that role and to express its appreciation for his service.

Ms. Veljovic provides accounting services to public companies through Treewalk Consulting Inc., a growing professional services advisory firm in Vancouver, British Columbia. Prior to her time at Treewalk Consulting Inc., Ms. Veljovic worked as an accounting technician with Focus LLP, a public accounting firm in the Calgary, AB market, supporting with taxation services for private companies and individuals.

The Company also announces the granting of 150,000 incentive stock options to Ms. Veljovic, which will vest in four equal tranches over 12 months, and the grant of 65,000 incentive stock options to a consultant of the Company, which will vest immediately. Each incentive stock option is exercisable to acquire one common share of the Company at an exercise price $0.48 for a period of five years from the date of grant.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

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Primary Hydrogen Completes Non-Brokered Flow Through Private Placement https://primaryh2.com/primary-hydrogen-completes-non-brokered-flow-through-private-placement/ Mon, 23 Dec 2024 17:08:35 +0000 https://primaryh2.com/?p=10864 Vancouver, British Columbia – December 23, 2024 – Primary Hydrogen Corp. (TSXV: HDRO) (the “Company” or “Primary”) is pleased to announce that it has completed its previously announced non-brokered private placement (the “Private Placement”) of 1,875,000 units of the Company (“FT Units”) at a price of $0.40 per FT Unit to raise proceeds of $750,000.

Each FT Unit consists of one common share of the Company (a “FT Share”) issued as a “flow-through share” within the meaning of within the meaning of the Income Tax Act (Canada) and one half of a common share purchase warrant (each whole warrant, a “Warrant”) each of which is exercisable to acquire one common share for 18 months following closing at an exercise price of $0.55.

Proceeds from the Private Placement will be used to incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act (Canada) on the Company’s properties. All securities issued pursuant to the Private Placement are subject to a statutory four month hold period expiring on April 21, 2025.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

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Primary Hydrogen Announces Non-brokered Flow Through Private Placement https://primaryh2.com/primary-hydrogen-announces-inclusion-into-natural-hydrogen-index/ Fri, 13 Dec 2024 14:00:00 +0000 https://primaryh2.com/?p=10760 Vancouver, British Columbia – December 13, 2024 – Primary Hydrogen Corp. (TSXV: HDRO) (the “Company” or “Primary”) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement”) of up to 1,875,000 units of the Company (“FT Units”) at a price of $0.40 per FT Unit to raise gross proceeds of up to $750,000.

Each FT Unit consists of one common share of the Company (a “FT Share”) to be issued as a “flow-through share” within the meaning of within the meaning of the Income Tax Act (Canada) and one half of a common share purchase warrant (each whole warrant, a “Warrant”) each of which is exercisable to acquire one common share for 18 months following closing at an exercise price of $0.55.

Proceeds from the Private Placement be used to incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act (Canada) on the Company’s properties.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this press release include, amongst others, the Company’s ability to complete the Private Placement on the terms proposed or at all and the use of proceeds of the Private Placement. Such statements and information reflect the current view of the Company. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including, but not limited to the assumption that the TSX Venture Exchange will approve the Private Placement and the assumption that Company will be able to locate purchasers for the Private Placement.

These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to: the risk that the TSX Venture Exchange will not approve the Private Placement, the risk that the Company will not be able to locate suitable purchasers for the Private Placement, management’s discretion to reallocate proceeds of the Private Placement and inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

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Primary Hydrogen Announces Inclusion into Natural Hydrogen Index https://primaryh2.com/primary-hydrogen-announces-inclusion-into-natural-hydrogen-index-2/ Wed, 04 Dec 2024 14:59:05 +0000 https://primaryh2.com/?p=10765 Vancouver, British Columbia (December 4, 2024) – Primary Hydrogen Corp. (TSXV: HDRO) (“PrimaryH2” or the “Company”), a natural hydrogen exploration company, is pleased to announce the inclusion into Natural Hydrogen Venture’s NatH2 Index (the “Index”). The NatH2 Index, which is an equally-weighted index of companies offering substantial exposure to natural hydrogen, is designed to encourage further investor interest in natural hydrogen. The Index is managed by Natural Hydrogen Ventures (nhventures.dk), one of the world’s first natural hydrogen investment funds.

“Being one of the first focused indices of its kind, the inclusion into the NatH2 Index increases our visibility and exposure to investors, namely in Europe and abroad,” commented Benjamin Asuncion, CEO of Primary Hydrogen.

“We welcome Primary Hydrogen to the NatH2 Index. Since shifting its focus to natural hydrogen, the Company has quickly hit the ground running, acquiring a portfolio of prospects and raising an impressive amount of capital – especially compared to industry peers – to further its natural hydrogen ambitions. All in all, the Company’s focus and determination easily secures its place among the 10 companies in the NatH2 Index,” stated Morten Stahl, Industry Expert and Editor of NatH2investing.com.

About The NatH2 Index

The NatH2 Index, provided by NatH2investing.com, is a platform dedicated to covering investment opportunities in the emerging natural hydrogen industry. The NatH2 Index is an equal-weighted index comprising ten publicly traded companies that currently offer the highest exposure to natural hydrogen, measured as an estimated percentage of their overall activities. It is denominated in USD and is updated every weekend using Friday’s closing prices.

NatH2investing.com is an affiliate of Natural Hydrogen Ventures (NHV), the world’s first investment fund specializing exclusively in natural hydrogen. NHV’s investment activities are limited to private companies, distinct from the publicly traded companies featured in the NatH2 Index.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release includes certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to any statements relating to the presence of naturally occurring hydrogen on the Company’s projects. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information contained herein, except in accordance with applicable securities laws.

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Primary Hydrogen Acquires Three Hydrogen Projects in British Columbia https://primaryh2.com/primary-hydrogen-acquires-three-hydrogen-projects-in-british-columbia/ Tue, 03 Dec 2024 20:31:55 +0000 https://primaryh2.com/?p=10754 Vancouver, British Columbia –December 3, 2024 – Primary Hydrogen Corp. (TSXV:HDRO) (“PrimaryH2” or the “Company”), a natural hydrogen exploration company, is pleased to announce the acquisition of three hydrogen projects in British Columbia. The projects were acquired by the Company through direct staking based complex tectonic activity, significant faulting, and the presence of ultramafic rocks which are critical to the process of serpentinization. Serpentinization is the primary mechanism for the potential generation of naturally-occurring hydrogen (“NOH”).

“The addition of three projects in British Columbia further bolsters our portfolio and positions the Company as one of the preeminent hydrogen-focused explorers in Canada” commented Benjamin Asuncion, CEO of Primary Hydrogen Corp. “The combination of deep-seated faults coupled with the presence of ultramafic rock formations enhances the likelihood of hydrogen production and accumulation within these projects.”

Figure 1: Property Location Map

Crooked Amphibolite H2 Project

The Crooked Amphibolite project is comprised of 100 mineral claims covering an area of 2,004.52 hectares (20.0 km2) located in the Kamloops Mining Division of British Columbia. The Crooked Amphibolite project is part of a high-grade metamorphic complex, consisting of amphibolites derived from mafic volcanic rocks. These rocks have been heavily metamorphosed, and in association with ultramafic intrusions, there is potential for serpentinization processes to occur. The region is characterized by significant deformation, with deep-seated faults running through the area, which act as conduits for the migration of hydrogen from deeper-seated sources. The prospectivity for NOH is highlighted by the presence of amphibolites and ultramafic rocks, along with significant faulting, which provides a number of environments for serpentinization to occur.

Coquihalla H2 Project

The Coquihalla project is comprised of 34 mineral claims covering an area of 709.65 hectares (7.1 km2) located in the New Westminster Mining Division of British Columbia. The Coquihalla project is composed predominantly of serpentinized ultramafic rocks, which are a key indicator of NOH potential, as the serpentinization process (when ultramafic rocks react with water) is a well-established source of hydrogen. The underlying geology is structurally complex, with major thrust faults and strike-slip faults crisscrossing the region, which act as both migration pathways and potential accumulation mechanisms for hydrogen.

Cogburn H2 Project

The Cogburn project is comprised of 30 mineral claims covering an area of 631.80 hectares (6.3 km2) located in the New Westminster Mining Division of British Columbia. The Cogburn project, located in southwestern British Columbia, consists of a mixture of ultramafic and mafic rocks, including serpentinites. These rocks are part of the Cache Creek Terrane and are known to undergo serpentinization, a key process for hydrogen generation. The project is also intersected by several regional fault systems that could serve as potential migration paths for hydrogen from deep crustal sources. The prospectivity of the project is highlighted by the large volumes of ultramafic rocks coupled with significant faulting, providing an environment for the generation of natural hydrogen.

R. Tim Henneberry, P.Geo. (BC) and a consultant to Primary Hydrogen Corp. is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical content of this news release.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
This news release includes certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to any statements relating to the presence of naturally occurring hydrogen on the Company’s projects. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information contained herein, except in accordance with applicable securities laws.

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Global Race to Unlock Subterranean Hydrogen: The Future of Limitless Clean Energy https://primaryh2.com/global-race-to-unlock-subterranean-hydrogen-the-future-of-limitless-clean-energy/ Mon, 02 Dec 2024 21:35:29 +0000 https://primaryh2.com/?p=10757 The discovery of underground pure hydrogen is reshaping the understanding of this abundant element and its potential as a clean energy source.

The U.S. Department of Energy is funding research to harness this resource, with projects focused on optimizing the natural production process and making it economically viable.

The Promise of Geologic Hydrogen

Hydrogen, the most abundant element in the universe, is typically found bound with other elements—for instance, with oxygen in water or with carbon in methane. However, the discovery of naturally occurring underground pockets of pure hydrogen is challenging this assumption. These hidden reserves are attracting attention as a potentially limitless source of carbon-free energy.

The U.S. Department of Energy is among those taking notice. This year, it awarded $20 million in research grants to 18 teams from laboratories, universities, and private companies. The goal: to develop technologies that can produce cost-effective, clean fuel from underground hydrogen sources.

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Primary Hydrogen Acquires Two Projects in Newfoundland & Labrador https://primaryh2.com/primary-hydrogen-acquires-two-projects-in-newfoundland-labrador/ Wed, 27 Nov 2024 16:47:15 +0000 https://primaryh2.com/?p=10744 Vancouver, British Columbia –November 27, 2024 – Primary Hydrogen Corp. (TSXV:HDRO) (“PrimaryH2” or the “Company”), a natural hydrogen exploration company, is pleased to announce the acquisition of two hydrogen projects in Newfoundland and Labrador. The projects were acquired by the Company through direct staking based on prospective geology, namely crystalline basement rocks, which have the potential for naturally occurring hydrogen (NOH) through serpentinization.

“The acquisition of these two projects in Atlantic Canada represents the execution of our organic growth strategy of building a diversified portfolio of prospective hydrogen projects throughout Canada. These were identified based on prospective geology that was interpreted and evaluated by our industry-leading consultants who were also involved in the first commercial hydrogen discovery in Mali.” commented Benjamin Asuncion, CEO of Primary Hydrogen. “This region is compelling due to the regional geology associated with each project, in addition to Federal and Provincial Government support for the development of hydrogen and related infrastructure in the province.”

Figure 1: Property Location Map

Mary’s Harbour H2 Project

The Mary’s Harbour hydrogen project is comprised of 131 claims covering an area of 32.6 square kilometres. Mary’s Harbour is located along the southeastern Labrador coast, characterized by mafic to ultramafic rocks associated with the Grenville Province. The region contains gabbros, pyroxenites, and peridotites, which are conducive to serpentinization and hydrogen generation. The area is intersected by several fault systems, including deep-seated thrust faults, which provide potential conduits for hydrogen migration from deeper crustal levels. The structural complexity of the region suggests the possibility of both hydrogen generation and accumulation: as ultramafic rocks and serpentinization provides the basis for hydrogen generation with faulting facilitating the accumulation and migration of generated hydrogen.

Point Rosie H2 Project

The Point Rosie hydrogen project is comprised of 211 claims covering an area of 52.6 square kilometres. Point Rosie is located on the southern coast of Newfoundland, within a region characterized by mafic intrusions and volcanic sequences. This area is known for its extensive mafic dikes and sills, which are ideal candidates for serpentinization and hydrogen production. The region contains several prominent fault zones, particularly along the contact between mafic intrusions and older basement rocks, which serve as potential migration pathways for hydrogen originating from deep crustal or mantle sources. The presence of mafic intrusive rocks and faulting allows for serpentinization to occur along faulted contacts and for hydrogen to migrate through the fractured mafic rock units.

R. Tim Henneberry, P.Geo. (BC) and a consultant to Primary Hydrogen Corp. is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical content of this news release.

Engagement of Euro Digital Media Ltd.

The Company also announces that it has engaged Euro Digital Media Ltd. (“Euro Digital“) (address 71-75 Shelton Street, Covent Garden, London UK WC2H 9JQ) to perform marketing services for a term of up to 12 months commencing on December 1, 2024.

Euro Digital will create campaigns, ad groups, text ads, display ads, perform detailed keyword research, setup and manage remarketing campaigns, optimize keyword options, coordinate online advertisers and marketers corresponding to online marketing targets, create landing pages for ad campaigns and generally bring attention to the business of the Company.

The Company will pay a fee of USD $500,000 to Euro Digital for the services. The principal of Euro Digital is Harry Kudan. The Company will not issue any securities to Euro Digital as compensation for its marketing services. As of the date hereof, to the Company’s knowledge, Euro Digital (including its principal) does not own any securities of the Company and has an arm’s length relationship with the Company.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a mineral exploration company currently focused on its Blakelock hydrogen project in Ontario and Arthur Lake Copper project in British Columbia. The Blakelock Hydrogen Project is comprised of 109 mineral claims covering 2,207 hectares in the Larder Lake Mining Division of Northern Ontario. The Arthur Lake Copper Project is comprised of 1,050 hectares near Vanderhoof, British Columbia.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Tel: 604-377-1597
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
This news release includes certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to any statements relating to the presence of naturally occurring hydrogen on the Company’s projects. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information contained herein, except in accordance with applicable securities laws.

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Primary Hydrogen Acquires Hopkins Project in Ontario https://primaryh2.com/primary-hydrogen-acquires-hopkins-project-in-ontario/ Mon, 25 Nov 2024 18:08:24 +0000 https://primaryh2.com/?p=10741 Vancouver, British Columbia–(November 25, 2024) – Primary Hydrogen Corp. (TSXV: HDRO) (“Primary Hydrogen” or the “Company”), a natural hydrogen exploration company, is pleased to announce the proposed acquisition of the Hopkins Hydrogen Project (“Hopkins”, the “Project”, or “Hopkins H2 Project”). The Hopkins hydrogen project is comprised of 31 mineral claims covering an area of 6,920 hectares (69.2 km2) located 35 kilometres north of Kapuskasing, Ontario.

“The acquisition of the Hopkins H2 Project demonstrates the continued commitment to our growth strategy of assembling a diversified portfolio of highly-prospective hydrogen projects throughout Canada,” commented Benjamin Asuncion, CEO of Primary Hydrogen. “Grounded on solid geologic fundamentals and leveraging off of extensive exploration in the region, this project has the potential to host numerous sources of naturally-occurring hydrogen. Additionally, the presence of forest rings on the margins of identified intrusive complexes and along major NE trending faults highlights the potential of gas or fluid percolation to the surface.”

Hopkins H2 Project

The Hopkins H2 Project is comprised of 31 mineral claims covering an area of 6,920 hectares (69.2 km2) located 35 kilometres north of Kapuskasing, Ontario. The project is accessible via the Trans Canada Highway and has an extensive network of secondary gravel and logging roads throughout. Based on local and regional geology, the potential for naturally-occurring hydrogen (NOH) is present through both serpentinization and radiolysis, which is further encouraged by the presence of a number of ‘forest ring’ features which may be indicative of gas and fluid percolation to the surface.

The exploration target on the project are structures near alkali intrusives which are associated with the mid-continent rift. The Project is adjacent to the Clay-Howells Alkali carbonatite intrusive, which is host to a rare earth element, thorium and iron resource1. Given the radiogenic nature of the intrusive, this has the potential to produce naturally occurring hydrogen (NOH) through radiolysis. The intrusives are associated with northeast trending regional faults that are likely linked to their emplacement, which may serve as a conduit for deeper seeded fluids and gasses. Additionally, the presence of magnetite or iron-rich rocks such as olivine have the potential to generate hydrogen through the interaction with water during oxidation and radiolysis.

Figure 1: HOPKINS PROJECT MAP

R. Tim Henneberry, P.Geo. (BC) and a consultant to Primary Hydrogen Corp. is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical content of this news release.

Transaction Terms

Under the terms of the Mining Claims Purchase Agreement (the “Acquisition Agreement”), the Company is acquiring a 100% interest in the Hopkins HProject for consideration of C$96,000 and 450,000 common shares. The Vendors have been granted a 1.5% net smelter returns royalty (NSR) on the Hopkins HProject of which half (0.75%) can be repurchased by the Company for C$750,000. The proposed acquisition remains subject to customary conditions of closing, including the approval of the TSX Venture Exchange. The common shares issued under the Acquisition Agreement will be subject to a four-month statutory hold period in accordance with applicable securities laws.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a mineral exploration company currently focused on its Blakelock hydrogen project in Ontario and Arthur Lake Copper project in British Columbia. The Blakelock Hydrogen Project is comprised of 109 mineral claims covering 2,207 hectares in the Larder Lake Mining Division of Northern Ontario. The Arthur Lake Copper Project is comprised of 1,050 hectares near Vanderhoof, British Columbia.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Tel: 604-377-1597
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
This news release includes certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to, the completion of the Proposed Transaction and the presence of naturally occurring hydrogen on the Hopkins H2 Project. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including, but not limited to the assumption that all conditions to completion of the acquisition of the Hopkins H2 Project will be satisfied, including TSX Venture Exchange approval. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to: the risk that the TSX Venture Exchange will not approve the proposed acquisition, risks associated with exploration of Hopkins H2 Project including, without limitation, risks associated with the evolving legal landscape on the exploration and extraction of hydrogen in the Province of Ontario, including the risk that the Province of Ontario may determine that the exploration and exploitation of hydrogen is not properly characterized as the exploration of and exploitation of a mineral, as well the inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis.

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1 NI 43-101 Technical Report on the Clay-Howells Fe-REE Project, Ontario, Canada by Tetra Tech Wardrop dated September 26, 2011

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Biden-Harris Administration Announces Awards for Up to $2.2 Billion for Two Regional Clean Hydrogen Hubs https://primaryh2.com/biden-harris-administration-announces-awards-for-up-to-2-2-billion-for-two-regional-clean-hydrogen-hubs/ Wed, 20 Nov 2024 20:26:50 +0000 https://primaryh2.com/?p=10737 Biden-Harris Administration Announces Awards for Up to $2.2 Billion for Two Regional Clean Hydrogen Hubs to Bolster America’s Global Clean Energy Competitiveness and Strengthen Our National Energy Security

Gulf Coast and Midwest Hydrogen Hubs will Create Tens of Thousands of High-Quality Jobs, Deliver New Economic Opportunities, and Reinforce America’s Clean Manufacturing Boom

As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced up to $2.2 billion in award commitments for two Regional Clean Hydrogen Hubs (H2Hubs) that will help accelerate the commercial-scale deployment of low-cost, clean hydrogen—a valuable energy product that can be produced with zero or near-zero carbon emissions. The two awardees—Gulf Coast H2Hub and Midwest H2Hub—are critical pillars of DOE’s H2Hubs program, which was created by the Bipartisan Infrastructure Law to kickstart a national network of clean hydrogen producers, consumers, and connective infrastructure while supporting the production, storage, delivery, and end-use of clean hydrogen. Building a strong and equitable domestic clean hydrogen economy is a key component of President Biden and Vice President Harris’ plan to strengthen America’s economic competitiveness, create new good-paying, high-quality jobs, and slash harmful emissions that jeopardize public health and pollute local ecosystems.   

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Primary Hydrogen Corp. Announces Launch of New Website https://primaryh2.com/primary-hydrogen-corp-announces-launch-of-new-website/ Thu, 14 Nov 2024 20:11:32 +0000 https://primaryh2.com/?p=10730 Vancouver, British Columbia –November 14, 2024 – Primary Hydrogen Corp. (TSXV:HDRO) (“PrimaryH2” or the “Company”), a premier natural hydrogen exploration company, is pleased to announce the launch of its newly designed website (www.primaryh2.com) and investor presentation, showcasing the potential of naturally-occurring hydrogen and the Company’s Blakelock project.

“The launch of our new website and investor presentation marks the completion of our rebranding efforts towards natural hydrogen exploration” commented Benjamin Asuncion, CEO of Primary Hydrogen. “With the completion of our $3 million capital raise, the Company is well financed to advance exploration on its wholly owned Blakelock project in addition to continuously evaluating opportunities and seeking to build an organic project portfolio.”

The Potential of Natural Hydrogen

Hydrogen has the potential to significantly reduce greenhouse gas emissions, allowing companies and countries alike to attain stated emission reduction mandates. The majority of hydrogen production currently comes from steam-methane reforming, which relies on the use of fossil fuels, and electrolysis, which is energy intensive and high cost. The potential to discover, develop, and operate sources of naturally-occurring hydrogen presents a compelling opportunity as it represents a potentially low-cost[1], renewable source of this clean-burning fuel. The applications for expanded hydrogen use are numerous including transportation (either used in fuel cells or as a direct fuel source such as ammonia), heat and power (such as blending into the natural gas grid) as well as direct feedstock for other industries (such as oil sands upgrading and decarbonizing steel manufacturing).

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a mineral exploration company currently focused on its Blakelock hydrogen project in Ontario and Arthur Lake Copper project in British Columbia. The Blakelock Hydrogen Project is comprised of 109 mineral claims covering 2,207 hectares in the Larder Lake Mining Division of Northern Ontario. The Arthur Lake Copper Project is comprised of 1,050 hectares near Vanderhoof, British Columbia.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Tel: 604-377-1597
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
This press release contains forward-looking information (within the meaning of applicable Canadian securities legislation) that involves various risks and uncertainties regarding future events. Such forward-looking information includes statements based on current expectations involving a number of risks and uncertainties and such forward-looking statements are not guarantees of future performance of the Company. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information in this news release, including without limitation, the following risks and uncertainties; (i) risks inherent in the mining industry; (ii) regulatory and environmental risks. Actual results and future events could differ materially from those anticipated in such information. This forward-looking information is based on estimates and opinions of management on the date hereof and is expressly qualified by this notice. Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure materials filed with the with securities regulatory authorities in Canada at www.sedarplus.ca. The Company assumes no obligation to update any forward-looking information except as required by law.


[1] The white gold rush and the pursuit of natural hydrogen (https://www.rystadenergy.com/news/white-gold-rush-pursuit-natural-hydrogen)

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