Granite Creek Copper Expands with Element One Hydrogen Subsidiary and Union Bay Project Acquisition
Key Ideas
- Formation of Element One Hydrogen subsidiary to focus on geologic hydrogen exploration expands Granite Creek Copper's business ventures.
- Option agreement with 1508260 B.C. to potentially acquire 100% interest in the Union Bay project in Southeast Alaska provides growth opportunities.
- Identification of high-grade platinum targets at the Union Bay project site enhances the project's potential value.
- Research indicating olivine in ultramafic lithologies could support hydrogen production through water interaction showcases innovative exploration possibilities.
Granite Creek Copper has incorporated Element One Hydrogen as a new wholly owned subsidiary dedicated to geologic hydrogen exploration, aiming to expand its business scope. The company is actively seeking potential acquisitions in North America, focusing on stimulated hydrogen from ultramafic rocks and subsurface hydrogen accumulations. Additionally, an option agreement has been established with 1508260 B.C. for the potential 100% acquisition of the Union Bay hydrogen project in Southeast Alaska. The project boasts a Ural-Alaska type ultramafic-mafic complex with high-grade platinum targets identified through previous geological mapping and drilling efforts. Notably, research suggests that olivine in the ultramafic lithologies could facilitate hydrogen production through interactions with water at depth, signaling innovative exploration potential.