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The latest announcement is out from Millbank Mining Corp ( (TSE:HDRO) ).
Primary Hydrogen Corp. has announced its expansion into the United States with the acquisition of the Dove Creek project in Colorado. This marks the first step in the company’s US expansion strategy, aiming to tap into the significant natural hydrogen resources in the region. The Dove Creek project is strategically located in a geologically favorable area with potential for hydrogen accumulation, supported by geophysical evidence and the presence of helium wells, which indicates active subsurface gas migration. This acquisition is expected to enhance Primary Hydrogen’s project portfolio and strengthen its position in the North American market.
More about Millbank Mining Corp
Primary Hydrogen Corp. is a leading exploration company committed to pioneering the natural hydrogen sector. The company focuses on identifying and developing sustainable energy solutions through cutting-edge exploration techniques. It has an extensive portfolio of properties across Canada, including projects in Ontario, Labrador, Newfoundland, and British Columbia.
YTD Price Performance: -29.17%
Average Trading Volume: 122,577
Technical Sentiment Signal: Hold
Current Market Cap: C$11.38M
For a thorough assessment of HDRO stock, go to TipRanks’ Stock Analysis page.