- Primary Hydrogen (TSXV:HDRO) is expanding into the United States through the acquisition of the Dove Creek project
- This move marks the company’s first project acquisition in the U.S., as part of a systematic expansion of its project portfolio
- The project’s prospectivity is holds the potential for natural hydrogen generated by the radiolysis of uranium-rich basement rocks
- Primary Hydrogen stock (TSXV:HDRO) last traded at $0.32
Primary Hydrogen (TSXV:HDRO) is expanding into the United States through the acquisition of the Dove Creek project. This move marks the company’s first project acquisition in the U.S., as part of a systematic expansion of its project portfolio.
The Dove Creek hydrogen project is located in southwestern Colorado, near the Colorado-Utah border, within the Paradox Basin and in proximity to the San Juan Basin to the south and the Uinta-Piceance Basin to the north. The project’s prospectivity is holds the potential for natural hydrogen generated by the 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. The presence of helium wells in the area can also indicate active subsurface gas migration, a factor that could be favorable for hydrogen prospectivity.
The Dove Creek project comprises 3 square km. of mineral claims within the Bureau of Land Management. This allows Primary Hydrogen Corp. to undertake initial exploration and evaluation of the region while contemporaneously expanding and securing additional rights for hydrogen production.
Primary Hydrogen has been working with several consultants to evaluate opportunities throughout the U.S. that are prospective to host significant accumulations of natural hydrogen. A number of regions throughout the continental United States have been identified based on their potential for natural hydrogen systems, which include a source, reservoir, and seal.
“Recognizing the importance of a U.S. project portfolio in order to serve the largest market in North America, this acquisition represents the first stage of execution on our U.S. expansion strategy,” Primary Hydrogen’s CEO, Benjamin Asuncion said in a news release. “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.”
Primary Hydrogen Corp. is an exploration company focused on identifying and developing natural hydrogen resources. The company is committed to advancing the understanding and utilization of natural hydrogen as a clean and sustainable energy source.
Primary Hydrogen stock (TSXV:HDRO) last traded at $0.32 and has risen 326.67 per cent since this time last year.
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(Top image via Primary Hydrogen Corp.)