Primary Hydrogen Corp. Launches C$2 Million Private Placement

The latest announcement is out from Millbank Mining Corp ( (TSE:HDRO) ).

Primary Hydrogen Corp. announced a non-brokered private placement to raise up to C$2,000,000, structured in two parts: flow-through units and non-flow-through units. The proceeds will be used for general working capital and to incur Canadian Exploration Expenses. This move is expected to enhance the company’s financial position and support its ongoing exploration activities, subject to customary closing conditions and regulatory approval.

More about Millbank Mining Corp

Primary Hydrogen Corp. is focused on the exploration and development of natural hydrogen resources, with a significant portfolio of projects across the U.S. and Canada. The company holds interests in various projects, including the Blakelock, Hopkins, and Arthur Lake copper project in British Columbia, and an option to acquire a 75% interest in the Wicheeda North hydrogen-REE project.

Average Trading Volume: 360,017

Technical Sentiment Signal: Buy

Current Market Cap: C$15.09M

For an in-depth examination of HDRO stock, go to TipRanks’ Stock Analysis page.