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Silk Road Energy ( (TSE:REC) ) has shared an update.
Record Resources Inc. has expanded its hydrogen claims by acquiring the Lorrain property, strategically located between its existing properties in the Lake Temiskaming hydrogen camp. This acquisition strengthens Record Resources’ position in the region, which is geologically favorable for hydrogen production due to its tectonic features and geological formations. The company plans to issue shares and make a cash payment to acquire the property, further solidifying its strategic presence in the hydrogen market.
More about Silk Road Energy
Record Resources Inc. operates in the energy sector, focusing on the exploration and acquisition of hydrogen claims. The company is strategically expanding its holdings in the Lake Temiskaming area, which is known for its potential to host hydrogen-rich sources.
Average Trading Volume: 840,635
Technical Sentiment Signal: Buy
Current Market Cap: C$4.16M
For an in-depth examination of REC stock, go to TipRanks’ Stock Analysis page.