Primary Hydrogen Announces US Expansion with Project Acquisition
Primary Hydrogen Corp (OTCQB:HNATF) has announced its strategic expansion into the United States through the acquisition of the Dove Creek project in Colorado. The project, spanning 744 acres of mineral claims within Bureau of Land Management territory, marks the company's first step in building its US project portfolio.
Located near the Colorado-Utah border within the Paradox Basin, the Dove Creek project shows promising potential for natural hydrogen generation through radiolysis of uranium-rich basement rocks. The site features deep-seated fault systems that could serve as hydrogen migration pathways, with geophysical data revealing strong gravity anomalies corresponding to fault structures and magnetic anomalies linked to deep crustal features. The presence of helium wells in the area indicates active subsurface gas migration, suggesting favorable conditions for hydrogen prospectivity.
Primary Hydrogen Corp (OTCQB:HNATF) ha annunciato la sua espansione strategica negli Stati Uniti attraverso l'acquisizione del progetto Dove Creek in Colorado. Il progetto, che si estende su 744 acri di concessioni minerarie all'interno del territorio del Bureau of Land Management, rappresenta il primo passo dell'azienda nella costruzione del suo portafoglio di progetti negli Stati Uniti.
Situato vicino al confine tra Colorado e Utah, all'interno del Bacino di Paradox, il progetto Dove Creek mostra un promettente potenziale per la generazione di idrogeno naturale attraverso la radiolisi delle rocce di base ricche di uranio. Il sito presenta sistemi di faglie profonde che potrebbero fungere da percorsi di migrazione dell'idrogeno, con dati geofisici che rivelano forti anomalie gravitazionali corrispondenti a strutture di faglia e anomalie magnetiche collegate a caratteristiche della crosta profonda. La presenza di pozzi di elio nella zona indica una migrazione attiva di gas sotterraneo, suggerendo condizioni favorevoli per la prospettiva dell'idrogeno.
Primary Hydrogen Corp (OTCQB:HNATF) ha anunciado su expansión estratégica en los Estados Unidos mediante la adquisición del proyecto Dove Creek en Colorado. El proyecto, que abarca 744 acres de concesiones minerales dentro del territorio de la Oficina de Administración de Tierras, marca el primer paso de la empresa en la construcción de su cartera de proyectos en EE. UU.
Ubicado cerca de la frontera entre Colorado y Utah, dentro de la Cuenca de Paradox, el proyecto Dove Creek muestra un prometedor potencial para la generación de hidrógeno natural a través de la radiólisis de rocas de fondo ricas en uranio. El sitio presenta sistemas de fallas profundas que podrían servir como caminos de migración de hidrógeno, con datos geofísicos que revelan fuertes anomalías de gravedad correspondientes a estructuras de fallas y anomalías magnéticas vinculadas a características de la corteza profunda. La presencia de pozos de helio en la zona indica una migración activa de gas subsuperficial, sugiriendo condiciones favorables para la prospectiva de hidrógeno.
Primary Hydrogen Corp (OTCQB:HNATF)는 콜로라도의 Dove Creek 프로젝트 인수를 통해 미국으로의 전략적 확장을 발표했습니다. 이 프로젝트는 관리국(Bureau of Land Management) 영토 내 744에이커의 광물 권리를 포함하며, 회사의 미국 프로젝트 포트폴리오 구축을 위한 첫걸음을 의미합니다.
콜로라도와 유타 경계 근처, 파라독스 분지 내에 위치한 Dove Creek 프로젝트는 우라늄이 풍부한 기반 암석의 방사선 분해를 통해 자연 수소 생성의 유망한 잠재력을 보여줍니다. 이 지역은 수소 이동 경로로 기능할 수 있는 깊은 단층 시스템을 특징으로 하며, 지구 물리학적 데이터는 단층 구조에 해당하는 강한 중력 이상과 깊은 지각 특성과 관련된 자기 이상을 드러냅니다. 이 지역의 헬륨 우물 존재는 활성 지하 가스 이동을 나타내며, 수소 탐사의 유리한 조건을 시사합니다.
Primary Hydrogen Corp (OTCQB:HNATF) a annoncé son expansion stratégique aux États-Unis par l'acquisition du projet Dove Creek dans le Colorado. Le projet, qui s'étend sur 744 acres de droits miniers dans le territoire du Bureau of Land Management, marque le premier pas de l'entreprise dans la construction de son portefeuille de projets aux États-Unis.
Situé près de la frontière entre le Colorado et l'Utah, dans le bassin de Paradox, le projet Dove Creek montre un potentiel prometteur pour la génération naturelle d'hydrogène par radiolyse des roches de fond riches en uranium. Le site présente des systèmes de failles profonds qui pourraient servir de chemins de migration de l'hydrogène, avec des données géophysiques révélant de fortes anomalies gravitationnelles correspondant à des structures de faille et des anomalies magnétiques liées à des caractéristiques crustales profondes. La présence de puits d'hélium dans la région indique une migration active de gaz souterrains, suggérant des conditions favorables pour la prospective de l'hydrogène.
Primary Hydrogen Corp (OTCQB:HNATF) hat seine strategische Expansion in die Vereinigten Staaten durch die Übernahme des Dove Creek-Projekts in Colorado angekündigt. Das Projekt erstreckt sich über 744 Acres von Mineralansprüchen im Gebiet des Bureau of Land Management und ist der erste Schritt des Unternehmens zum Aufbau seines Projektportfolios in den USA.
Das Dove Creek-Projekt, das sich in der Nähe der Grenze zwischen Colorado und Utah im Paradox-Becken befindet, zeigt vielversprechendes Potenzial zur natürlichen Wasserstofferzeugung durch Radiolyse von uranreichen Grundgesteinen. Der Standort weist tief sitzende Verwerfungen auf, die als Wasserstoffwanderungswege dienen könnten, wobei geophysikalische Daten starke Schwereanomalien zeigen, die mit Verwerfungsstrukturen und magnetischen Anomalien verbunden sind, die mit tiefen Krusteigenschaften verknüpft sind. Das Vorhandensein von Heliumquellen in der Gegend weist auf eine aktive Migration von unterirdischem Gas hin und deutet auf günstige Bedingungen für die Wasserstoffprospektion hin.
- Strategic entry into the US market, targeting North America's largest hydrogen market
- 744 acres of mineral claims secured with potential for expansion
- Favorable geological indicators for hydrogen presence including gravity anomalies and helium wells
- Project location within established energy basin with existing infrastructure
- Early-stage exploration project with no proven hydrogen resources
- Success dependent on further exploration and evaluation results
VANCOUVER, BC / ACCESS Newswire / March 12, 2025 / Primary Hydrogen Corp. (TSXV:HDRO)(FRA:83W0)(OTCQB:HNATF) (the "Company" or "Primary"), a leading exploration company focused on identifying and developing natural hydrogen resources, is pleased to announce its expansion into the United States of America ("USA") through its acquisition of the Dove Creek project. The Company has been working with several consultants to evaluate opportunities throughout the USA that are prospective to host significant accumulations of natural hydrogen. A number of regions throughout the continental United States have been identified based on prospectivity for natural hydrogen systems by comprising a source, reservoir and seal. The Dove Creek hydrogen project in Colorado represents the first project acquisition as part of a systematic expansion of the Company's project portfolio into the USA.
"Recognizing the importance of a US project portfolio in order to serve the largest market in North America, this acquisition represents the first stage of execution on our US expansion strategy" commented Benjamin Asuncion, CEO of Primary Hydrogen. "The combination of a viable hydrogen source, structural migration pathways, and supporting geophysical evidence positions Dove Creek as a significant target for further natural hydrogen assessment and exploration."
Dove Creek Project, Colorado
The Dove Creek project is located in southwestern Colorado near the Colorado-Utah border within the borders of the Paradox Basin and near the San Juan Basin to the south and the Uinta-Piceance Basin to the north. The prospectivity of the project is underscored by the potential for natural hydrogen generated by radiolysis of uranium-rich basement rocks. The presence of deep-seated fault systems in the region provides potential migration pathways for hydrogen, which may accumulate in structural or stratigraphic traps. Geophysical data reveal strong gravity anomalies corresponding to fault structures and magnetic anomalies linked to deep crustal features. Additionally, the presence of helium wells in the area indicates active subsurface gas migration, a factor that could be favorable for hydrogen prospectivity.
The Dove Creek project is comprised of 744 acres of mineral claims within the Bureau of Land Management which allows the Company to undertake initial exploration and evaluation of the region while contemporaneously expanding and securing additional rights for hydrogen production.
Peter Lauder, P.Geo. (ON), VP Exploration at 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 is committed to pioneering the natural hydrogen sector, leveraging cutting-edge exploration techniques to identify and develop sustainable energy solutions. The Company has 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 British Columbia. 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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, the potential for natural hydrogen at the Dove Creek project and the acquisition of additional rights in the region of the Dove Creek project including, but not limited to, oil and gas leases.
Although the Company believes, in light of the experience of their 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 news 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, the risk that the Company will not be successful in identifying natural hydrogen at the Dove Creek project or, even if natural hydrogen is identified, the risk that it may not be able to be economically extracted, the risk that the Company is not able to secure the rights to the extraction of natural hydrogen at the Dove Creek project through the acquisition of oil and gas leases,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 and analysis filed under the Company's SEDAR+ profile at www.sedarplus.ca. 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.
SOURCE: Primary Hydrogen Corp.
View the original press release on ACCESS Newswire
FAQ
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