Primary Hydrogen Corp., based in Calgary, Alberta, announced a positive development regarding its natural hydrogen exploration activities. The company has entered into a non-binding letter of intent with J4 Ventures Inc., a TSXV capital pool company, for the proposed acquisition of the Arthur Lake Property. The agreement involves J4 acquiring a 100% interest in the Arthur Lake Property by issuing 500,000 common shares to Primary Hydrogen and making a C$50,000 cash payment. Additionally, Primary Hydrogen will retain a 2% net smelter return royalty on the property. The transaction is subject to various conditions, including regulatory approvals, due diligence, and completion of a technical report. The companies intend to structure the transaction as an asset purchase, aiming to leverage their resources for exploration and development. The deal is seen as an opportunity for Primary Hydrogen to expand its natural hydrogen portfolio, which includes projects in the U.S. and Canada. The announcement also highlighted Primary Hydrogen's dedication to advancing hydrogen projects and the importance of compliance with securities laws. While the news contains forward-looking information, the sentiment remains positive about the company's commitment to the exploration and development of natural hydrogen resources.