Primary Hydrogen Corp. Expands into the USA with Dove Creek Project Acquisition
Key Ideas
- Primary Hydrogen Corp. has acquired the Dove Creek project in Colorado as part of its expansion strategy into the USA.
- The company aims to identify and develop natural hydrogen resources in regions throughout the continental United States.
- Benjamin Asuncion, CEO of Primary Hydrogen, highlights the significance of Dove Creek as a target for further natural hydrogen assessment and exploration.
- The acquisition is a strategic move to cater to the largest market in North America and strengthen the company's project portfolio.
Primary Hydrogen Corp., a leading exploration company, has announced its expansion into the United States through the acquisition of the Dove Creek project in Colorado. The company, focused on identifying and developing natural hydrogen resources, has been evaluating opportunities in the USA with the help of consultants. Various regions in the continental United States have been identified as prospective for hosting significant accumulations of natural hydrogen, characterized by a source, reservoir, and seal. Benjamin Asuncion, the CEO of Primary Hydrogen, emphasized the importance of establishing a US project portfolio to cater to the North American market. The Dove Creek project is the initial acquisition in the USA and is seen as a promising target for further natural hydrogen assessment and exploration. This strategic move aims to leverage viable hydrogen sources, structural migration pathways, and geophysical evidence to strengthen the company's position in the industry.