Primary Hydrogen Engages Tripoint for BC Exploration

Rhea-AI Summary

Primary Hydrogen Corp. (OTCQB:HNATF) has announced its engagement with Tripoint Geological Services to support its British Columbia exploration programs. The company, which is fully funded for its 2025 natural hydrogen exploration program across Canada, will utilize Tripoint's expertise for various exploration activities including soil and soil-gas sampling, geophysics, and permitting. CEO Benjamin Asuncion expressed enthusiasm about the partnership, highlighting Tripoint's capability to facilitate planned exploration programs across their BC-based project portfolio.

CALGARY, AB / ACCESS Newswire / June 5, 2025 / Primary Hydrogen Corp. (TSXV:HDRO)(FRA:83W0)(OTCQB:HNATF) ("Primary" or the "Company") is pleased to announce the engagement of Tripoint Geological Services to support the Company's upcoming British Columbia exploration programs. The Company is fully funded for its 2025 natural hydrogen exploration program across Canada.

"As we prepare for an active field season across Canada, we are pleased to partner with Tripoint to facilitate exploration programs across our portfolio of BC-based projects" commented Benjamin Asuncion, CEO of Primary Hydrogen Corp. "Tripoint is able to facilitate our planned exploration programs including soil and soil-gas sampling, geophysics, and permitting."

About Tripoint Geological Services

Founded in 2019, Tripoint Geological Services is a Canadian geological consulting firm dedicated to delivering exceptional support for mineral exploration programs, from grassroots to advanced stages. Built on a foundation of extensive industry experience, Tripoint is driven by a commitment to excellence, fostering a passionate and innovative environment for employees, contractors, and service providers. By prioritizing quality, safety, environmental responsibility, and community engagement, Tripoint empowers its team to create industry-leading products and services, ensuring unparalleled value for clients.

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 230 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 and has an option to acquire a 75% interest in a hydrogen-REE project known as Wicheeda North, also located in British Columbia.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary 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 Canadian securities legislation. Such statements include, but are not limited to, statements regarding: (i) the Company's intention to complete the Private Placement; (ii) the structure and terms of the FT Units and Non-FT Units, including as to pricing, composition, and warrant exercise terms; (iii) the expected use of proceeds from the Private Placement; and (vi) the anticipated closing date of the Private Placement.

Forward-looking statements are often identified by words such as "intends," "expects," "will," "may," or similar expressions. These statements are based on certain assumptions, including but not limited to: the Company's ability to successfully market and complete the Private Placement; the accuracy of estimated costs and timelines for exploration and development activities; the availability of sufficient capital to fund planned exploration and general expenses; the Company's ability to comply with the requirements for flow-through mining expenditures under the Income Tax Act (Canada); the timely receipt of TSX Venture Exchange approval; and the absence of unforeseen regulatory or market obstacles.

These forward-looking statements are subject to significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to: the inability to raise the targeted C$2,000,000 or any funds through the Private Placement; changes in market conditions affecting the pricing or demand for FT Units or Non-FT Units; unexpected costs or delays in exploration and development activities; failure to qualify expenditures as "flow-through mining expenditures" or to renounce them by December 31, 2026; delays or failure in obtaining TSX Venture Exchange approval; changes in securities regulations or TSX Venture Exchange policies affecting the Offering or finder compensation; economic or financial market volatility impacting the Company's ability to fund operations; and general economic, market, or industry conditions. Additional risks are discussed in the Company's most recently filed management's discussion and analysis, available under the Company's SEDAR+ profile at www.sedarplus.ca.

Although the Company believes that the assumptions and expectations reflected in the forward-looking statements are reasonable based on the experience of its management, current conditions, and expected future developments, there can be no assurance that such statements will prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements or information, as actual results and future events could differ materially from those anticipated. The Company does not undertake to update any forward-looking statements or information, except as required by applicable securities laws.

SOURCE: Primary Hydrogen Corp.

View the original press release on ACCESS Newswire

FAQ

What is Primary Hydrogen's (HNATF) partnership with Tripoint Geological Services for?

Primary Hydrogen has engaged Tripoint Geological Services to support their British Columbia exploration programs, including soil and soil-gas sampling, geophysics, and permitting activities.

Is Primary Hydrogen (HNATF) funded for its 2025 exploration program?

Yes, Primary Hydrogen is fully funded for its 2025 natural hydrogen exploration program across Canada.

What exploration activities will Tripoint conduct for Primary Hydrogen (HNATF) in British Columbia?

Tripoint will facilitate exploration programs including soil and soil-gas sampling, geophysics, and permitting across Primary Hydrogen's BC-based projects.

Who is the CEO of Primary Hydrogen (HNATF)?

Benjamin Asuncion is the CEO of Primary Hydrogen Corp.