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Primary Hydrogen Announces Definitive Agreement for Arthur Lake Property
Newsfileยท 2025-08-06 10:00
Core Viewpoint - Primary Hydrogen Corp. has entered into a definitive agreement with J4 Ventures Inc. for the sale of a 100% interest in the Arthur Lake Property located in British Columbia [1][2]. Group 1: Transaction Details - J4 Ventures will acquire the Arthur Lake Property by issuing 500,000 common shares and making a cash payment of C$50,000 to Primary Hydrogen upon closing [2]. - Primary Hydrogen will retain a 2% net smelter return (NSR) royalty on the Property [2]. - The transaction is subject to customary conditions and is not expected to require shareholder approval from J4 [2][7]. Group 2: Company Overview - Primary Hydrogen is focused on the exploration and development of natural hydrogen resources, holding over 740 acres in the U.S. and 230 square kilometers in Canada [3]. - The company's portfolio includes several projects, such as Blakelock, Hopkins, and the Arthur Lake copper project in British Columbia [3]. - Additionally, Primary Hydrogen has an option to acquire a 75% interest in the Wicheeda North hydrogen-REE project, also located in British Columbia [3].