(TheNewswire)
Vancouver, British Columbia – January 8, 2025 - TheNewswire: PureWave Hydrogen Corp. (TSX-V: PWH) (the “Company” or “PureWave”),a pioneering energy exploration company dedicated to advancing the discovery and development of naturally occurring ‘white’ hydrogen gas deposits, is pleased to provide an update on the Lily Rock Hydrogen Project and the activity in the nearby play area in Kansas.
In the broader context, the adequacy of the source potential of the Lily Rock Hydrogen Project is underscored by measured hydrogen samples extracted from wells within the play area, such as the Sue Duroche #2, Scott #1 and the Heins #1, exhibiting commercial-grade attributes.
Activity in the Lily Rock area has intensified, highlighted by HyTerra Ltd.'s recent acquisition of several drilling permits for its nearby Nemaha Natural Hydrogen Project. Hyterra has also announced that its drilling contractor has commenced preparatory work in anticipation of drilling operations. Additionally, Koloma has advanced its exploration efforts in the region, while leases have been sold at record-high values, further underscoring the growing interest and potential of the area.
The Lily Rock Hydrogen Project is located in eastern Kansas, USA. The Lily Rock prospects sit on the southeast side of the crest of a mapped four-way dip basement closure that itself sits upthrown along the major north-east to south-west trending Nemaha Ridge. The leases are in Wabaunsee County and within an area geologically contiguous with the Sue Duroche #2 well which has a reported test with a hydrogen content of over 90%. The Company’s prospect area, located in fault-bounded structures adjacent to the Humbolt Fault, is significant. It sits within the Mid-Continent Rift Zone, where Paleozoic reservoirs, closely associated with hydrogen generation and migration, are concentrated, making it an attractive site for further investigation. It is the fractured basement that is the current focus of the Company’s exploration efforts and where the assessed volumes of prospective resources are located1.
Key Findings at Lily Rock Prospect
In 2024, the Company carried out initial exploration work on the Lily Rock prospect with preliminary results of the work programs confirming the presence of hydrogen and helium gases in and around the Lily Rock prospect2. Significant findings include:
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Geologic Indicators: Serpentinized rocks indicating hydrogen generation have been identified throughout the Lily Rock prospect area.
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Gas Concentrations: Varying concentrations of both hydrogen and helium gases have been detected.
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Lineaments: Identified previously unseen lineaments and achieved a more precise imaging of the size and scale of hydrogen source areas in the Mid-Continent Rift.
The Company also signed a letter of commitment with the Hydrogen Energy Research Center (H2ERC) at the University of Wyoming's School of Energy Resources (UWyo-SER). This partnership grants PureWave testing access to the University of Wyoming's patent-pending technology for the containment and control of geologic hydrogen with synthetic clay suspension. This access will be part of a project which H2ERC and PureWave have proposed to the U.S. Department of Energy's Advanced Research Projects Agency – Energy and is contingent on award of that project.
Future Plans
Building on these encouraging results, PureWave is advancing its exploration efforts to further assess the area's potential. The Company will closely monitor drilling activities on nearby lands, which, if successful, could significantly enhance the value proposition of the Lily Rock Hydrogen Project.
In addition to the Lily Rock prospect in Eastern Kansas, PureWave is actively reviewing and assessing additional projects and acreage throughout the Unites States and will provide updates, if and when, an acquisition, lease or other transaction occurs.
The Company is dedicated to deepening its knowledge of naturally occurring 'white' hydrogen projects and playing a pivotal role in advancing the clean energy movement.
About Us
PureWave Hydrogen Corp. is a pioneering energy exploration company dedicated to advancing the discovery and development of naturally occurring ‘white’ hydrogen gas deposits. As a leader in the green energy transition, we are committed to unlocking the potential of this untapped, sustainable resource to revolutionize the global hydrogen economy.
With a strategic focus on cutting-edge geological exploration, we have established operations in key resource-rich areas such as the Mid-Continent Rift in Kansas, leveraging advanced technologies and collaborative partnerships to identify and develop high-potential hydrogen reservoirs. Our work is underpinned by a rigorous scientific approach, exemplified by initiatives like water geochemistry studies and aeromagnetic data analysis to guide our exploration strategies.
At PureWave Hydrogen, we aim to create value not only for our investors but also for the environment. By harnessing naturally occurring hydrogen, we are contributing to a cleaner, greener future while addressing the growing global demand for renewable energy solutions.
On behalf of the Board of Directors of PureWave Hydrogen Corp.
“Bruce Nurse”
Bruce Nurse, Director
Contact Information
For more information, please contact:
Bruce Nurse
Tel: 303-919-2913
E-mail: bruce.nurse@purewavehydrogen.com
Neither 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 Statements / Forward-Looking Statements
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to receiving the grant award in partnership with the University of Wyoming, the Company’s plans and exploration activities, monitoring drilling activities on nearby lands, completing other transactions including acquiring additional acreage, the technical, financial and business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements.
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and hydrogen, that the demand for hydrogen will continue to grow, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions,the Company’s discovery and development of white (natural) hydrogen resources across North America, failure to maintain or obtain all necessary government permits, approvals and authorizations, the impact of viruses and diseases on the Company’s ability to operate, failure to secure the equipment and personnel necessary to carry out work programs, decrease in the price of gold, copper and other metals and hydrogen, failure to maintain community acceptance (including first nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
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