Natural hydrogen exploration company Primary Hydrogen has signed a deal to acquire a 75% stake in the Wicheeda North project, which is an early-stage exploration initiative in British Columbia.
Primary Hydrogen will buy the holding from Power One Resources, a rare earth element mining company that acquired the acreage in early 2024. With majority ownership of the project, Primary Hydrogen will now look to evaluate the site’s natural hydrogen potential.
Wicheeda North is also thought to have potential rare earth mineral deposits.
Ben Asuncion, CEO of Primary Hydrogen, said the project grows the company’s footprint and holds significant potential for natural hydrogen and rare earth minerals.
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