Granite Creek Copper Announces Formation of Element One Hydrogen Ltd and Union Bay Project Acquisition
Key Ideas
- Granite Creek Copper has established Element One Hydrogen Ltd as a subsidiary to focus on geologic hydrogen exploration in North America.
- The company has entered into an agreement for the acquisition of Union Bay project in Southeast Alaska, known for its ultramafic-mafic complex.
- Allegra Hosford Scheirer, with expertise in geologic hydrogen, oil and gas, and geothermal systems, has been appointed to lead the geologic hydrogen exploration team.
- Future plans include additional acquisitions in the geologic hydrogen sector as part of the company's strategy to be at the forefront of exploration in this field.
Granite Creek Copper Ltd. has announced the incorporation of Element One Hydrogen Ltd as its wholly owned subsidiary to advance geologic hydrogen exploration. The company is actively researching potential acquisitions in North America for projects conducive to hydrogen production from ultramafic rocks. As part of its expansion, Granite Creek has signed an agreement to allow 1508260 B.C. Ltd to acquire full interest in the Union Bay hydrogen project in Southeast Alaska. This project is recognized for its promising ultramafic-mafic complex, with high-grade platinum target areas identified through previous exploration work. Allegra Hosford Scheirer, a skilled geoscientist, has been appointed to head the geologic hydrogen exploration activities. The company is enthusiastic about the growth opportunities in the geologic hydrogen sector and is looking to make further advancements in the field. With plans for additional team members and acquisitions, Granite Creek aims to establish a strong presence in geologic hydrogen exploration. For more details, interested parties can visit Granite Creek Copper's website.