Primary Hydrogen Expands BC Portfolio Near Rare Earth Element Deposit
Key Ideas
- Strategically located near Defense Metals' successful Wicheeda project with a pre-tax NPV of US$1.8 billion, offering promising development opportunities.
- The Wicheeda North project has identified three areas of anomalous Rare Earth Element mineralization, indicating significant potential for resource extraction.
- Situated in a Tier 1 mining jurisdiction in British Columbia, the project benefits from existing infrastructure and support for mining activities.
- The acquisition by Primary Hydrogen Corp. not only expands their project portfolio but also presents dual exploration potential for natural hydrogen and rare earth minerals.
Primary Hydrogen Corp. has signed an Option Agreement with Power One Resources Corp. to acquire a 75% interest in the Wicheeda North project in British Columbia, located near Prince George. The project covers 2,138 hectares and has shown promising signs of rare earth mineralization through exploration activities. The acquisition terms include cash payment, shares, warrants, and exploration expenditures. With its strategic location near Defense Metals' successful project and the potential for both natural hydrogen and rare earth minerals, the Wicheeda North project offers exciting prospects. Positioned in a favorable mining jurisdiction with established infrastructure, the project is set for future development and resource extraction.
Topics
Projects
Investment
Acquisition
Natural Resources
Exploration
Mining
Strategic Location
Resource Development
Project Portfolio
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