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Millbank Mining Corp ( (TSE:HDRO) ) has issued an announcement.
Primary Hydrogen Corp. will implement a 10-for-1 consolidation of its common shares, effective at the start of trading on February 6, 2026, on the TSX Venture Exchange, reducing its outstanding shares to approximately 4.9 million while keeping its name and trading symbol (HDRO) unchanged and assigning a new CUSIP number to the post-consolidation shares. The consolidation, conducted on a push-out basis via Odyssey Trust Company with fractional shares rounded to the nearest whole share, is expected to simplify the capital structure and may improve the company’s marketability and perceived value per share for investors without altering its underlying natural hydrogen exploration assets or project portfolio.
More about Millbank Mining Corp
Primary Hydrogen Corp. is a Calgary-based resource company focused on the exploration and development of natural hydrogen deposits. Its portfolio spans more than 740 acres in the United States and 230 square kilometres in Canada, including the Blakelock, Hopkins, Mary’s Harbour, Point Rosie, Crooked Amphibolite, Coquihalla and Cogburn projects, and it holds an option to acquire a 75% interest in the Wicheeda North hydrogen-rare earth elements project in British Columbia.
Average Trading Volume: 63,406
Technical Sentiment Signal: Sell
Current Market Cap: C$5.34M
For a thorough assessment of HDRO stock, go to TipRanks’ Stock Analysis page.