Primary Hydrogen Commences Exploration at Dove Creek
CALGARY, AB / / May 13, 2025 / Primary Hydrogen Corp. (TSXV:HDRO)(FRA:83W0)(OTCQB:HNATF) ("Primary" or the "Company") is pleased to announce the initiation of its Phase 1 exploration program at the Dove Creek project in Colorado, USA. This program marks a significant step in evaluating the potential for natural hydrogen resources in the region, utilizing advanced hyperspectral imaging and AI-driven data analysis to help identify high-priority targets for subsequent field exploration.
"We are excited to launch this exploration program at Dove Creek, a project with significant potential for natural hydrogen discovery," said Benjamin Asuncion, CEO of Primary Hydrogen. "The use of hyperspectral imaging will provide critical insights into the area, allowing us to efficiently target our future exploration efforts. This program underscores our commitment to leveraging cutting-edge technology to position Primary Hydrogen as a leader in the emerging natural hydrogen sector."
Dove Creek Project, Colorado
Located in southwestern Colorado near the Colorado-Utah border, the Dove Creek project lies within the Paradox Basin, proximal to the San Juan Basin to the south and the Uinta-Piceance Basin to the north. The project's prospectivity is driven by the potential for natural hydrogen generation through radiolysis of uranium-rich basement rocks. Deep-seated fault systems in the region serve as migration pathways for hydrogen, which may accumulate in structural or stratigraphic traps. Geophysical data highlight strong gravity anomalies aligned with fault structures and magnetic anomalies tied to deep crustal features. The presence of helium wells in the area further supports active subsurface gas migration, enhancing the project's hydrogen potential.
About Primary Hydrogen Corp.
Primary Hydrogen is dedicated to the exploration and development of natural hydrogen resources. With over 740 acres in the U.S. and 210 square kilometers across Canada, the Company's portfolio includes the Blakelock, Hopkins, Mary's Harbour, Point Rosie, Crooked Amphibolite, Coquihalla, and Cogburn projects. Primary also holds the Arthur Lake copper project in British Columbia.
--
FOR FURTHER INFORMATION PLEASE CONTACT:
Ben AsuncionChief Executive OfficerPrimary Hydrogen Corp.Email: ben@primaryh2.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, statements regarding the potential for natural hydrogen discovery at the Dove Creek project, the effectiveness of hyperspectral imaging and AI-driven data analysis in identifying high-priority exploration targets, the anticipated outcomes of the Phase 1 exploration program, and the Company's ability to position itself as a leader in the natural hydrogen sector.
Although the Company believes, in light of the experience of its officers and directors, current conditions, and expected future developments, that the expectations reflected in the forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the Company can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including assumptions regarding the geological prospectivity of the Dove Creek project, the reliability and accuracy of hyperspectral imaging and AI-driven data analysis, and the Company's ability to successfully execute its exploration program. These forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, risks associated with the accuracy of geological and geophysical data, the effectiveness of exploration technologies, inherent risks associated with the mining and hydrogen exploration industry, stock market volatility, capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis filed under the Company's SEDAR+ profile at www.sedarplus.ca. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information, or financial outlook that is incorporated by reference herein, except in accordance with applicable securities laws.
SOURCE: Primary Hydrogen Corp.
View the original press release on ACCESS Newswire
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Star Copper Summer Exploration Program Underway
VANCOUVER, BC / / June 3, 2025 / Star Copper Corp. (CSE:STCU)(OTCQB:STCUF)(FWB:SOP) ("Star Copper" or the "Company"), a critical mineral exploration and development company, is pleased to provide an update on exploration activities underway at its flagship asset, the Star Project, located in the heart of the prolific industry recognized "Golden Triangle" of northwestern British Columbia. The Company has made significant progress on surface sampling in two new areas, has completed construction and fully-supplied the work camp, and has upgraded and prepared an airstrip for efficient resupply purposes. Hardline Exploration Corp. is providing geological exploration and project management services at the Company's 6,829-hectare (~16,875 acre), 100% owned and fully permitted Star Project location. General details of recent activities have been received from the Exploration Manager and are outlined as follows: Geology and Field Sampling Field crews have completed sampling of the Star North and Star East targets, ahead of schedule. A total of 114 rocks and 30 soil samples were collected at Star North (see Fig. 1) and 59 rock samples at Star East. Crews are currently finishing XRF analysis and preparing samples for shipment to the lab early next week. The geologists followed up on elevated soil anomalies, recorded Cu mineralization, and IP chargeability highs, identifying several well mineralized intrusive and porphyritic samples. Initial interpreted data and preliminary findings are anticipated in early July 2025. Work Camp Operations The camp is fully operational with kitchen, dry room, laundry, core shack, cutting facilities and storage in place. Crews have worked constantly for over two weeks to rebuild the original camp and to gather and remove multiple loads of garbage and debris from the claim. Fuel resupply as well as groceries and camp equipment have been scheduled as part of the regular replenishment air lift operations plan. Previous drilling has confirmed the presence of an extensive calc-alkalic porphyry copper-gold system on the Company's lands. This previous discovery has motivated the Company's fully-funded $2.5 million campaign, scheduled to run until August 15, 2025. The campaign will situate new drill pads to undertake a 3,500-metre diamond drill core sampling program based on six drill holes with an additional 650 metres of contingency drilling allocated. The exploration plan benefits from over $10 million in historical exploration efforts, including geophysical and geochemical surveys, trenching, soil sampling, and more than 13,000 meters of drilling from 49 diamond drill holes. The extensive historical database now incorporates newly reinterpreted magnetic data to guide the current, high-impact drill campaign. The Company has also commenced testing of the contiguous Star North and Star East claims, which exhibit similar characteristics to the Star Main deposit, through targeted sampling and trenching to confirm the geotechnical work. Darryl Jones, Star Copper's CEO, comments, "The initial outlook is optimistic and is progressing exactly as planned. The crew is onsite, the camp is up and running, the weather is favourable and initial findings based on all the highly detailed information at our disposal is driving the promise of significant potential. We look forward to providing regular updates as we move ahead with our exploration program across the project aimed at unearthing and expanding the true value of this exciting, underexplored property." Please refer to the Company's February 26, 2025 technical report and May 27thnews release regarding the Star Project for more information in respect of the project, including historical drilling, available under the Company's profile at Qualified Person Jeremy Hanson, P. Geo., a Qualified Person as that term is defined under NI 43-101, is an advisor to the Company and has reviewed and approved the technical aspects of this news release. About Star Copper Corp. (CSE:STCU)(OTC:STCUF)(FWB:SOP / WKN A416ME)Star Copper Corp. is a Canadian-based exploration and development company focused on developing high-potential copper projects in mining-friendly jurisdictions. The Company aims to advance its British Columbian flagship Star Project where significant exploration work including historical drilling has confirmed open mineralization at depth and in all directions. Star Copper's strategic plans include geological mapping and geophysical surveys to refine existing targets, diamond drilling programs to test high-priority zones, environmental baseline studies and permitting groundwork alongside data analysis and resource modeling to support a future resource estimate prepared in accordance with NI 43-101. The Company further plans to advance its Indata Project with follow-up drilling to expand on previous high-grade copper and gold intercepts, trenching and surface sampling to delineate mineralized zones, and infrastructure improvements for site accessibility and operations. With a commitment to sustainable development and value creation, Star Copper aims to position itself to support surging industrial demand to meet growing global electrification needs. For more information visit: and to sign up for free news alerts please go to or follow us on X (formerly Twitter), Facebook or LinkedIn. On Behalf of the Board of Directors ~Darryl Jones~ Darryl JonesCEO, President & DirectorStar Copper Corp. Investor RelationsStar Copper info@ Cautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements regarding exploration of the Company's flagship Star Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, the inherently unpredictable nature of resource exploration, market conditions and the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law. SOURCE: Star Copper Corp. View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
3 hours ago
- Yahoo
NETWORK MEDIA GROUP ANNOUNCES CHANGE TO CFO
VANCOUVER, BC, June 2, 2025 /CNW/ - Network Media Group Inc. (TSXV: NTE) (OTC: NETWF) ("Network" or the "Company") today reported the resignation of Darren Battersby as the Company's CFO. Mr. Battersby was appointed as Network's CFO in October 2014 and has served in such capacity since that time. Network CEO, Derik Murray, stated: "On behalf of Network's board of directors, I would like to thank Darren for his significant contributions throughout his tenure at the Company, and we wish him the best in his future endeavours." Mr. Battersby added: "I have greatly enjoyed the opportunity to work with the talented team at Network over the last decade and wish them much success moving forward." The Company is currently actively reviewing candidates for the CFO position. About Network Media Group / Network Entertainment Network Media Group is the parent company of Network Entertainment Inc. Network Entertainment is a creatively driven, boutique film, television, and digital content production company that creates, finances and produces award-winning programming for television, digital platforms, and movie audiences around the world. The Network premium brand of content delivers world-class casts and features visually cinematic, richly crafted storytelling. The Company's productions are consistently embraced by both audiences and critics alike, garnering awards, record ratings, and unparalleled media coverage for Network and its partners. For additional information, visit: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement on Non-IFRS Financial Measures and Forward-looking Information In addition to results reported in accordance with IFRS, this news release refers to certain non-IFRS financial measures as supplemental indicators of the Company's financial and operating performance. These non-IFRS financial measures include EBITDA, Adjusted EBITDA and Future Contracted Production Revenue (commonly referred to as backlog). The Company believes these supplemental financial measures reflect the Company's on-going business in a manner that assist the reader's meaningful period-to-period comparisons and analysis of trends in its business. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. These statements are necessarily based upon management's perceptions, beliefs, assumptions and expectations, as well as a number of specific factors and assumptions that, while considered reasonable by management of the Company as of the date of such statements are inherently subject to significant uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. All forward-looking information in this news release involve known and unknown risks, uncertainties and other factors that are beyond the control of the Company and may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. SOURCE Network Media Group Inc. View original content: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 hours ago
- Yahoo
SIMPLY SOLVENTLESS FILES 2024 ANNUAL FINANCIALS AND PROVIDES UPDATES ON TIMING OF FILING Q1 2025 FINANCIALS AND MANAGEMENT CEASE TRADE ORDER
/Not for distribution to U.S. news wire services or for dissemination in the United States./ CALGARY, AB, June 2, 2025 /CNW/ - Simply Solventless Concentrates Ltd. (TSXV: HASH) ("SSC") announces that it has filed its annual audited financial statements and management's discussion and analysis for the year ended December 31, 2024 ("Annual Financials") on the Company's SEDAR+ profile at SSC also announces that due to delays incurred with filing these annual financial statements, the Company anticipates filing its first quarter results for the three months ended March 31, 2025 on or before June 20, 2025 pursuant to an extension from the Alberta Securities Commission (the "ASC"), the Company's principal regulator, of its previously announced management cease trade order ("MCTO") under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") initially approved on May 5, 2025, and subsequently updated by SSC through press releases issued on April 30, 2025, May 14, 2025, and May 20, 2025. 2024 Highlights SSC achieved major milestones during 2024, including: SSC completed three acquisitions, including 1) the Lamplighter brand, 2) licenced producer CannMart Inc., and 3) leading preroll co-manufacturer ANC Inc. These three acquisitions buttressed SSC's infrastructure significantly, which is now comprised of strong extraction, formulation, prerolling, and cultivation abilities, providing a solid foundation for future growth. SSC closed two over subscribed non-brokered financings for total gross proceeds of $4.7 million, and $7.8 million was raised from the exercise of warrants. SSC significantly strengthened its team, which is now comprised of talented professionals across all disciplines. SSC's ability to attract top talent is stronger now than ever. Subsequent to December 31, 2024, SSC closed the acquisition of Delta 9 Bio-Tech and re-branded the operation to Humble Grow Co. ("Humble"), a licensed producer operating a 100,000 square foot cultivation facility in Winnipeg, Manitoba, and concurrently closed a non-brokered $6.0 million over subscribed convertible debenture offering. The acquisition of Humble vertically integrated SSC's operations upstream to include cultivation in a market where the demand for cannabis flower appears to be transitioning back into expansion mode. 2024 was a transformative year for SSC, and with a portfolio of assets providing manufacturing capability across the largest product categories, and the proven ability to close accretive acquisitions in a distressed market and industry, and to attract top talent, the Company is positioned for significant growth through 2025. 2024 Financial Highlights 2024 Gross Revenue: the Company generated gross revenue of $20,498,204 (2023 - $6,973,401), increase of 194% over the prior year. 2024 Net Revenue: the Company generated net revenue of $13,679,144 (2023 - $6,191,646), increase of 121% over the prior year. 2024 Gross Profit ($): the Company generated a gross profit of $1,181,189 (2023 - $3,497,279), a decrease of 66% over the prior year 2024 Adjusted EBITDA: the Company generated an adjusted EBITDA loss of $3,803,445 (2023 - $2,246,926), a decrease of 269% over prior period December 31, 2024 Working Capital: $1,626,131 (2023 - $3,693,879), a decrease of 56% over the prior year. SSC's gross revenue increased by approximately 194% from $7.0 million in 2023 to $20.5 million in 2024 due to its aggressive organic and acquisition based growth. During 2024, SSC's total assets increased 278% from $10.2 million at December 31, 2023 to $38.6 million at December 31, 2024. This increase in assets is primarily due to SSC closing several high-impact acquisitions during 2024. Subsequent to the year end, further substantial assets were added through the Humble acquisition that closed on February 28, 2025 (refer to Note 24 – Subsequent Events in the Annual Financial for further details.) Jeff Swainson, SSC's President & CEO stated: "All things being equal, it is SSC's view that the non-cash changes to accounting treatment will positively impact future revenue, profitability, and cash flow. Gross margins remain strong, and the size and capability of our asset base improved significantly during 2024. We look forward to filing our Q1 2025 financial statements as soon as possible, and as we proceed through 2025, we are focused intently on maximizing cash flow from operations and on strengthening our balance sheet. We believe that SSC's positioning today is stronger than ever before, and that the continued execution of our highly impactful business plan is capable of delivering strong value to shareholders." Q1 2025 Financials As announced on April 30, 2025, and further discussed in news releases dated May 14, 2025, and May 20, 2025, a MCTO was issued by the Company's principal regulator, the ASC on May 5, 2025 to accommodate additional time required to file the Company's Annual Financials. The ASC has approved a further extension of the MCTO to June 20, 2025 to provide the Company with adequate time to prepare the Q1, 2025 financial results due to the delays incurred in filing the Annual Financials. Pursuant to the MCTO, management of the Company may not trade in securities of the Company until such time as the Company files the March 31, 2025 financial statements and the MCTO is revoked. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company. The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing requirements. The Company confirms that (a) there have been no failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the alternative reporting guidelines under NP 12-203; (b) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the default announcement; and (c) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company will issue required bi-weekly updated regarding the MCTO until it is revoked. About Simply Solventless Concentrates Ltd. SSC is a public company incorporated under the Business Corporations Act (Alberta). SSC's mission is to provide pure, potent, terpene-rich ready to consume cannabis products to discerning cannabis consumers. For more information regarding SSC, please see Notice on Forward Looking Information This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects", "projected", "approximately" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this press release contains forward looking statements concerning the release date of its March 31, 2024 quarterly financials, SSC's ability to attract talent, SSC's foundation for future growth, SSC's future revenue, profitability, and cash flow, and strengthening SSC's balance sheet. SSC cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of SSC, including expectations and assumptions concerning SSC, the timing and market acceptance of products, competition in SSC's markets, SSC's reliance on customers, fluctuations in interest rates, SSC's ability to maintain good relations with its customers, employees and other stakeholders, changes in law or regulations, SSC's ability to protect its intellectual property, as well as other risks and uncertainties, including those described in SSC's filings available on SEDAR+ at including its most recent annual information form. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of SSC. The reader is cautioned not to place undue reliance on any forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release, and SSC does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Simply Solventless Concentrates Ltd. View original content to download multimedia: