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Primary Hydrogen Commences Exploration at Dove Creek

Primary Hydrogen Commences Exploration at Dove Creek

Yahoo13-05-2025
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.
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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
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Nano One Successfully Commissions Proprietary Agitator Equipment Boosting Throughput Capacity at Candiac Five New Patents Added to Global IP Portfolio
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Southern Energy Corp. Announces Restricted Share Award Grant
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time4 hours ago

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Southern Energy Corp. Announces Restricted Share Award Grant

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Plurilock Security Inc. Reports Second Quarter Fiscal 2025 Financial Results
Plurilock Security Inc. Reports Second Quarter Fiscal 2025 Financial Results

Yahoo

time9 hours ago

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Plurilock Security Inc. Reports Second Quarter Fiscal 2025 Financial Results

Management will host a conference call on Wednesday, August 20, 2025, at 11am ET 159% increase in Critical Services revenue year-over-year 42% improvement in Adjusted EBITDA loss year-over-year Second half to benefit from seasonal budget flows and ongoing strategic initiatives Vancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, announces its financial results for the three and six-months ended June 30, 2025 ("Q2 2025"). All dollar figures are stated in Canadian dollars, unless otherwise indicated. "In Q2, we continued to grow our Critical Services business," said Ian L. Paterson, CEO of Plurilock. "While a one-time, lower-margin resale order impacted overall margins this quarter, our strategy of margin expansion, led by Critical Services, remains strong. 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Reports Record First Quarter Fiscal 2025 Financial Results June 5, 2025: $1.3M in New Critical Services Contracts Across U.S. Commercial Clients June 25, 2025: Results of Annual General Meeting June 26, 2025: $2.54 Million CAD Sale to NASDAQ-Listed Enterprise for AI Cybersecurity Subsequent to Q2 2025 Operational Highlights July 10, 2025: Plurilock Named Certified Services Partner for Forcepoint Outlook Plurilock reiterates its 2025 growth strategy focused on higher margin offerings, led by Critical Services, and maintaining a strong liquidity profile. The Company continues to build a healthy pipeline across enterprise, defense, and public sector markets, with line of sight to second-half activity benefiting from seasonal budget flows and ongoing strategic initiatives. These opportunities are driven by trusted client relationships, partner pull-through, and targeted business development aimed at securing multi-year, recurring contracts. 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Earnings before interest, taxes, depreciation, and amortization ("EBITDA") and Adjusted EBITDA should not be construed as alternatives to net income/loss determined in accordance with IFRS. EBITDA and Adjusted EBITDA do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as earnings before interest, taxes, and amortization. Adjusted EBITDA is defined as EBITDA before stock-based compensation, financing, and acquisition related expenses. The Company believes that EBITDA and Adjusted EBITDA is a meaningful financial metric for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. Non-IFRS measures This news release presents information about EBITDA and Adjusted EBITDA, both of which are non-IFRS financial measures, to provide supplementary information about operating performance. Plurilock defines EBITDA as net income or loss before interest, income taxes, depreciation, and amortization. Adjusted EBITDA removes non-cash share-based compensation, financing, investor relations and acquisition-related expenses from EBITDA. The Company believes that EBITDA and Adjusted EBITDA is a meaningful financial metric for investors as it adjusts income to reflect amounts which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. EBITDA and Adjusted EBITDA are not intended as a substitute for IFRS measures. A limitation of utilizing these non-IFRS measures is that the IFRS accounting effects of the adjustments do in fact reflect the underlying financial results of Plurilock's business and these effects should not be ignored in evaluating and analyzing Plurilock's financial results. Therefore, management believes that Plurilock's IFRS measures of net loss and the same respective non-IFRS measure should be considered together. Non-IFRS measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Readers should refer to the Company's most recently filed MD&A for a more detailed discussion of these measures and their calculations. Quarterly Filings Management's Discussion and Analysis and Interim Condensed Consolidated Financial Statements and the notes thereto for the fiscal period ended June 30, 2025, can be obtained from Plurilock's corporate website at and under Plurilock's SEDAR+ profile at About Plurilock Plurilock is a services-led, product-enabled, AI-native cybersecurity company that solves complex cyber problems in high-stakes environments where failure isn't an option. Trusted by Five-Eyes governments, NATO-aligned agencies, and Global 2000 enterprises, we defend critical infrastructure and safeguard the systems that power modern life. Our Critical Services division delivers operational resilience through unmatched expertise, proprietary IP, and AI-driven playbooks. For more information, visit or contact: Ian L. PatersonChief Executive Officerian@ Ali HakimzadehExecutive Chairmanali@ Sean PeasgoodInvestor Relationssean@ Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no 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 may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at To view the source version of this press release, please visit Sign in to access your portfolio

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