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Primary Hydrogen Stakes 65 Km(2) Seagull North Project Adjoining Active Drilling Targeting Natural Hydrogen and Helium in Northwestern Ontario

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Primary Hydrogen (OTCQB: HNATF) has staked the Seagull North Project, a new block of 313 contiguous single-cell mining claims covering about 65 km² in the Thunder Bay Mining District, adjoining the northern boundary of the Seagull property, roughly 80 km northeast of Thunder Bay.

The adjoining Seagull joint venture between Rift Minerals and Anteros Metals has reported pressurized, hydrogen-bearing gas in recent deep drill holes, including a rush sample assaying 0.65% hydrogen, though Primary notes these results are company-reported, unverified and not necessarily indicative of its ground. Initial work at Seagull North will focus on compiling historical drilling, geophysical and government geoscience data to define structural targets for potential gas migration. Separately, Primary has unwound $10,000 of subscriptions from its July 8, 2026 non-brokered private placement, cancelling 16,666 units and revising the offering to 2,442,904 units for gross proceeds of $1,465,742.

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Positive

  • 313 claims, 65 km² staked at Seagull North adjoining active drilling
  • Proximity to adjoining drill holes reporting up to 0.65% hydrogen in gas samples (unverified by Primary)
  • Non-brokered private placement now totals 2,442,904 units for $1,465,742 in gross proceeds

Negative

  • No drilling, sampling or geophysical work yet conducted by Primary on Seagull North
  • No hydrogen, helium or mineral occurrences documented on Seagull North to date
  • Private placement subscriptions of $10,000 unwound, with 16,666 units cancelled and returned to treasury

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Calgary, Alberta--(Newsfile Corp. - August 24, 2026) - Primary Hydrogen Corp. (TSXV: HDRO) (FSE: 83W) (OTCQB: HNATF) (the "Company" or "Primary") is pleased to announce that it has staked the Seagull North Project ("Seagull North" or the "Project"), comprising 313 contiguous single-cell mining claims covering approximately 65 square kilometres in the Thunder Bay Mining District of northwestern Ontario. The Project adjoins the northern boundary of the Seagull property, where a joint venture between Rift Minerals Inc. and Anteros Metals Inc. (CSE: ANT) is conducting one of Canada's first drill programs targeting natural hydrogen and helium alongside platinum group element mineralization.

Highlights

  • 313 contiguous single-cell mining claims covering approximately 65 square kilometres adjoining the northern boundary of the Seagull property approximately 80 kilometres northeast of Thunder Bay

  • 2026 drilling on the adjoining property has returned reported hydrogen-bearing gas results at depth, including a rush sample that assayed 0.65% (6,500 ppm) hydrogen (Anteros Metals Inc., May 27, 2026)¹

  • The Seagull intrusion is a roughly 10-kilometre-diameter mafic-to-ultramafic body - a rock type associated with natural hydrogen generation through serpentinization - with more than 20,000 metres of historical drilling reported by the adjoining operators²

  • Initial work program: compilation of historical drilling, geophysical and government geoscience data, and structural targeting across the Project

"The Seagull intrusion, a ten-kilometer ultramafic body, is a rock type which generates natural hydrogen through water-rock reactions, and recent drilling on the adjoining property has reported hydrogen-bearing gas from two holes, with the deeper geophysical target only just being reached," said David Jackson, Chief Executive Officer of Primary Hydrogen. "We took the open ground along the northern boundary in one contiguous block. When a system starts returning gas at depth, you want the ground beside it - and now we have it."

The Seagull North Project

Seagull North comprises 313 contiguous single-cell mining claims (claim numbers 1053009 through 1053321) registered on Ontario's Mining Lands Administration System, covering approximately 65 square kilometres in the Thunder Bay Mining District. The Project forms a single east-west block adjoining the northern boundary of the Seagull property, approximately 80 kilometres northeast of Thunder Bay in a road-accessible region that also hosts Impala Canada's Lac des Iles palladium mine. Compilation of government geoscience data will define the extent to which the Seagull intrusive system and its margin project onto the Company's claims.

The Adjoining Seagull Property

The Seagull property covers a roughly 10-kilometre-diameter Mesoproterozoic mafic-to-ultramafic intrusion of the Keweenawan Supergroup, emplaced into Archean Quetico Subprovince metasedimentary rocks within the Nipigon Embayment of the Midcontinent Rift. Anteros Metals Inc. has vested an initial 20% interest in the property and may earn up to a 49% interest under a joint venture agreement with Rift Minerals Inc.⁴

In 2026, the joint venture's deep drilling program returned the following (as reported by Anteros Metals):

  • Drill hole WM08-27EXT intersected a pressurized gas occurrence at approximately 825 metres depth, with gas samples from that interval returning carbon dioxide up to 88.6%, nitrogen up to 0.76% and 0.04% (400 ppm) hydrogen, before the hole advanced to approximately 1,200 metres (May 27, 2026)¹

  • A rush sample from drill hole WM00-05EXT, located 150 metres to the southwest and collected during hole repressurization, assayed 49.5% nitrogen, 44.2% carbon dioxide, 5.6% methane and 0.65% (6,500 ppm) hydrogen (May 27, 2026)¹

  • Hole WM00-05EXT was subsequently completed to a depth of 1,449 metres, intersecting the eastern portion of a deep, low acoustic velocity geophysical target; Anteros reported that the relationship between the gases and that target is not yet resolved, and that it intends to seal all drill casings, install pressure gauges and release valves, and collect further gas seepage in pressurized stainless-steel canisters for analysis (June 8, 2026)³

Historical exploration on the Seagull property, as reported by the adjoining operators, includes more than 20,000 metres of drilling by prior operators that delineated nickel-copper-PGE mineralization along the intrusion's basal contact to depths of approximately 850 metres, and a historical drill hole that reportedly intersected pressurized, flammable gas near 850 metres depth.²

All results described above are company-reported by the adjoining operators and have not been independently verified by the Company. Historical results have not been verified by the Company. Hydrogen occurrences, mineralization and exploration results on adjacent properties are not necessarily indicative of the geology of, or the presence of natural hydrogen, helium or mineralization on, the Company's claims, and there can be no assurance that similar results will be obtained on the Project.

Geology and Exploration Thesis

Serpentinization - the reaction of water with iron-rich ultramafic rocks - is one of the principal geological processes understood to generate natural hydrogen, and radiogenic decay in Archean basement rocks is a recognized source of helium. The Company interprets the northern flank of the Seagull intrusive system as prospective for structurally controlled migration and accumulation of gases generated within or beneath the intrusion, with the intrusion's margins and associated faults representing potential pathways. These interpretations are conceptual: no drilling, sampling or geophysical surveying has been carried out by the Company on the Project, and no hydrogen, helium or mineral occurrence has been documented on the Project to date. Natural hydrogen exploration is an emerging field, and exploration methodologies for it continue to evolve.

Planned Work

The Company's initial program will comprise compilation of the extensive historical drilling and geophysical datasets covering the district, integration with Ontario Geological Survey mapping, and structural interpretation to define targets on the Project. A ground program will follow from that work.

LIFE Offering Update

The Company also announces that, further to its news releases dated June 4, 2026, June 23, 2026 and July 8, 2026, the Company has unwound and rescinded $10,000 worth of subscriptions previously completed on pursuant to the Company's non-brokered private placement that closed on July 8, 2026. In particular $5,000 worth of subscriptions by each of Martin Kowcun and William Timothy Heenan, both directors of the Company, were unwound and an aggregate of 16,666 units were cancelled and returned to treasury. The total number of units issued pursuant to the Offering is now 2,442,904 units for aggregate gross proceeds of $1,465,742 following the adjustment noted above.

Sources

  1. Anteros Metals Inc. news release, May 27, 2026.
  2. Anteros Metals Inc. news release, December 8, 2025; Anteros Metals Inc., "Technical Report on the Seagull Intrusion Project, Ontario Canada," dated effective June 29, 2026, prepared by G. Heggie, P.Geo., filed under Anteros Metals Inc.'s profile on SEDAR+.
  3. Anteros Metals Inc. news release, June 8, 2026.
  4. Anteros Metals Inc. news releases, April 15, 2026 and May 27, 2026.

About Primary Hydrogen Corp.

Primary Hydrogen is dedicated to the exploration and development of natural hydrogen resources. With projects in the U.S. and across Canada, the Company's portfolio includes the Blakelock, Hopkins, Mary's Harbour, Point Rosie, Crooked Amphibolite, Coquihalla, Cogburn and Northumberland projects. Primary has an option to acquire a 75% interest in a hydrogen-REE project known as Wicheeda North located in British Columbia.

--

FOR FURTHER INFORMATION PLEASE CONTACT:

Dave Jackson
Chief Executive Officer
Primary Hydrogen Corp.
Email: dave@primaryh2.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements in this release include statements regarding: the Company's planned data compilation, structural interpretation and targeting work on the Project and the timing thereof; the exploration potential and geological prospectivity of the Project; the Company's interpretation that the northern flank of the Seagull intrusive system may be prospective for the migration and accumulation of natural hydrogen and helium; the potential extension of the Seagull intrusive system and related structures onto the Company's claims; the Company's planned compilation and interpretation of historical drilling, geophysical and government geoscience data; the identification and prioritization of exploration targets; the timing and scope of planned follow-up ground exploration programs; and the Company's future exploration plans and objectives for the Project.

Forward-looking statements are based on a number of assumptions that, while considered reasonable by the Company at the date of this news release, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such assumptions include, without limitation: that planned exploration activities will proceed substantially as anticipated; that historical and publicly available geological and geophysical data relevant to the Project will be available and sufficiently reliable for the Company's planned compilation and interpretation work; that the Company's geological interpretations will provide a reasonable basis for identifying prospective exploration targets; that the Company will have sufficient financial, technical and other resources to fund its planned programs; and that applicable regulatory, economic and market conditions will remain supportive of the Company's exploration activities.

Forward-looking statements involve significant risks and uncertainties and are not guarantees of future performance. Such risks include, but are not limited to: the early-stage nature of the Project; the fact that no drilling, sampling or geophysical surveying has been conducted by the Company on the Project and no hydrogen, helium or mineral occurrence has been documented on the Project to date; the risk that hydrogen occurrences, mineralization or exploration results reported on adjacent properties are not indicative of the geology of, or the presence of natural hydrogen, helium or mineralization on, the Project; uncertainties associated with historical and third-party exploration information that has not been independently verified by the Company; risks inherent in natural hydrogen exploration, including the emerging and evolving nature of exploration methodologies; geological interpretation risk; exploration and operational risks; financing risks; and general economic, market and business conditions. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking statements except as required by law.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310862

FAQ

What is Primary Hydrogen’s Seagull North Project announced on August 24, 2026 (HNATF)?

Seagull North is a newly staked block of 313 single-cell mining claims covering about 65 km² in northwestern Ontario. According to Primary Hydrogen, it adjoins the Seagull property, where a joint venture is drilling for natural hydrogen, helium and platinum group elements.

How close is Primary Hydrogen’s Seagull North Project (HNATF) to reported natural hydrogen discoveries?

Seagull North directly adjoins the northern boundary of the Seagull property, about 80 km northeast of Thunder Bay. According to Primary Hydrogen, adjoining operators reported gas samples with up to 0.65% hydrogen, though these results are unverified and not necessarily indicative of Seagull North.

What exploration work is planned at Seagull North by Primary Hydrogen (HNATF)?

Primary Hydrogen plans an initial program of data compilation and targeting at Seagull North. According to the company, it will integrate historical drilling, geophysical datasets and Ontario Geological Survey mapping to define structural targets, followed by a ground program based on those interpretations.

Has Primary Hydrogen confirmed natural hydrogen or helium on the Seagull North claims (HNATF)?

No discoveries have been confirmed on Seagull North. According to Primary Hydrogen, it has conducted no drilling, sampling or geophysical surveys on the project, and no hydrogen, helium or mineral occurrences have been documented on its claims as of the announcement date.

What change did Primary Hydrogen (HNATF) announce to its July 2026 private placement?

Primary Hydrogen rescinded $10,000 of previously completed subscriptions, cancelling 16,666 units and returning them to treasury. According to the company, the non-brokered private placement now comprises 2,442,904 units for aggregate gross proceeds of $1,465,742.

Why is the geology around the Seagull intrusion significant for Primary Hydrogen (HNATF)?

The Seagull intrusion is a mafic-to-ultramafic body associated with serpentinization, a process that can generate natural hydrogen. According to Primary Hydrogen, it views the northern flank and margins as conceptually prospective for structurally controlled gas migration and accumulation, although this thesis is untested on Seagull North.