Primary Hydrogen Corp., based in Vancouver, British Columbia, recently announced the successful completion of a non-brokered private placement to fund its natural hydrogen exploration projects across Canada. The private placement involved the issuance of 1,875,000 units of the company at a price of $0.40 per unit, totaling proceeds of $750,000. Each unit, known as an FT Unit, consists of a FT Share and one half of a common share purchase warrant (Warrant). The Warrants are exercisable to acquire one common share for $0.55 within 18 months following the closing date. The purpose of the private placement is to raise funds for incurring "Canadian exploration expenses" as defined in the Income Tax Act (Canada) on Primary Hydrogen Corp.'s extensive portfolio of properties covering over 210 square kilometers. These properties include projects in Ontario, Labrador, Newfoundland, and British Columbia. Investors participating in the private placement will benefit from tax incentives provided under the Income Tax Act (Canada) due to the flow-through share structure of the offering. The securities issued in the private placement are subject to a four-month hold period, expiring on April 21, 2025. Primary Hydrogen Corp. is optimistic about the future of its exploration activities and the potential for mineral discoveries on its Canadian properties. The company's management believes that the private placement will support their ongoing exploration efforts and contribute to the development of their projects.