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Primary Hydrogen acquires two projects in Newfoundland & Labrador

Primary Hydrogen Corp., a natural H2 exploration company, has acquired two H2 projects in Newfoundland and Labrador, Canada, through direct staking based on geological suitability for natural H2 (NOH) generation via serpentinization. These projects align with the company's strategy to build a diversified portfolio of H2 assets across Canada.

  • Mary's Harbor H2 Project: Located in southeastern Labrador, this project spans 131 claims over 32.6 km². The region's geology, characterized by ultramafic rocks and fault systems, supports H2 generation and accumulation through serpentinization and structural conduits.
  • Point Rosie H2 Project: Located on Newfoundland's southern coast, this project covers 211 claims over 52.6 km². It features mafic intrusions and volcanic sequences with fault zones conducive to H2 generation and migration.

CEO Benjamin Asuncion highlighted the strategic importance of these acquisitions, citing favorable regional geology and government support for H2 development.

Source: Yahoo Finance

For the original story, visit: https://finance.yahoo.com/news/primary-hydrogen-acquires-two-projects-140000699.html