Granite Creek Copper Establishes Element One Hydrogen Ltd for Geologic Hydrogen Exploration
Key Ideas
- Granite Creek Copper establishes Element One Hydrogen Ltd as a subsidiary for advancing geologic hydrogen exploration in North America.
- The company has entered into an agreement for the Union Bay hydrogen project in Southeast Alaska, known for its potential in producing hydrogen from ultramafic rocks.
- Allegra Hosford Scheirer, an expert in geologic hydrogen and oil and gas systems, joins the company's Advisory Board to lead the geologic hydrogen exploration activities.
- Terms of the Option Agreement with 1508260 B.C. Ltd include cash payments, expenditures on the property, and issuance of shares for acquisition of the Union Bay project.
Granite Creek Copper Ltd. based in Vancouver, Canada, has announced the establishment of Element One Hydrogen Ltd as its wholly owned subsidiary to focus on advancing the exploration for geologic hydrogen. The company is currently conducting research across North America for potential acquisitions of projects with the prospect of stimulated hydrogen from ultramafic rocks and hydrogen accumulations in the subsurface. An agreement has been made with 1508260 B.C. Ltd for the acquisition of the Union Bay hydrogen project in Southeast Alaska, known for its ultramafic-mafic complex with high-grade platinum target areas. Allegra Hosford Scheirer, an interdisciplinary geoscientist, has been appointed to lead the geologic hydrogen exploration activities. The Option Agreement terms include cash payments, property expenditures, and shares issuance to acquire the Union Bay project. 1508260 B.C. Ltd plans to go public in the coming months through a reverse takeover. Granite Creek Copper aims to be a leader in geologic hydrogen exploration by leveraging its geological knowledge and strategic acquisitions in the field. For more information, visit the company's website.