Primary Hydrogen Corp. Expands Portfolio with Two Hydrogen Projects in Newfoundland and Labrador
Key Ideas
- Primary Hydrogen Corp. acquires two hydrogen projects in Newfoundland and Labrador with natural hydrogen potential through serpentinization.
- The Mary's Harbour project in Labrador and the Point Rosie project in Newfoundland were chosen based on favorable geology and fault systems for hydrogen generation and migration.
- The regions' mafic and ultramafic rocks provide ideal conditions for serpentinization, offering a strong basis for hydrogen production and accumulation.
- Federal and Provincial Government support for hydrogen development in the province adds to the attractiveness of these projects for Primary Hydrogen Corp.
Primary Hydrogen Corp. has recently announced the acquisition of two hydrogen projects in Newfoundland and Labrador. The Mary's Harbour H2 Project consists of 131 claims in a 32.6 square-kilometer area along the southeastern Labrador coast. Characterized by mafic to ultramafic rocks conducive to serpentinization, this region offers potential for hydrogen generation and migration through fault systems. On the other hand, the Point Rosie H2 Project covers 211 claims in a 52.6 square-kilometer region on the southern coast of Newfoundland. This area is known for its mafic intrusions and fault zones that provide pathways for hydrogen migration from deep crustal or mantle sources. Both projects were strategically acquired by Primary Hydrogen Corp. to expand their portfolio of prospective hydrogen projects in Canada. The geological characteristics of these regions, coupled with Federal and Provincial Government support for hydrogen development, make these projects promising for the company. Benjamin Asuncion, the CEO of Primary Hydrogen, highlighted the importance of these acquisitions in line with the company's growth strategy, emphasizing the potential for hydrogen generation and accumulation in these regions.