HyTerra Expands Nemaha Project in Kansas, USA for Hydrogen and Helium Exploration
Key Ideas
- HyTerra triples its lease acreage at the Nemaha project in Kansas, focusing on hydrogen and helium exploration.
- The additional 26,200 acres in Washington and Marshall Counties are in a highly prospective region above a failed tectonic rift, considered a 'generation zone' for hydrogen.
- The company plans to continue leasing new exploration areas and securing well permits while preparing for an EGM vote on Fortescue's strategic investment.
- Dr. McIntyre emphasizes the importance of securing significant acreage before drilling and anticipates positive outcomes from the EGM for further expansion.
HyTerra has significantly expanded its lease acreage at the Nemaha hydrogen and helium project in Kansas, USA. The company has acquired an additional 26,200 acres in Washington and Marshall Counties, known for historic hydrogen occurrences originating from the Mid-Continent Rift. This region is considered highly prospective for hydrogen due to its structural lineaments and trapping features. HyTerra plans to continue leasing new areas and securing well permits to further explore the area's potential. Moreover, an EGM vote is upcoming for Fortescue's $21.9 million strategic investment in HyTerra, aimed at funding a drilling program. Dr. McIntyre highlights the value of securing acreage before drilling and expresses optimism for the EGM's outcome and the company's expanding drilling targets.