Business
Millbank Announces Proposed New Strategic Focus and Name Change
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2024) - Millbank Mining Corp. (TSXV: MIL...
About this update from Primary Hydrogen Corp.
[{"type":"text","content":"Millbank Announces Proposed New Strategic Focus and Name ChangeVancouver, British Columbia--(Newsfile Corp. - August 8, 2024) - Millbank Mining Corp. (TSXV: MILL) (the \"Company\" or \"Millbank\") announces that it intends to shift its focus from the exploration and development of precious metals properties to the exploration and development of opportunities in the clean energy space, specifically natural hydrogen. In conjunction with the proposed new strategic direction, the Company proposes to change its name to \"Primary Hydrogen Corp.\" (the \"Name Change\"). In connection with the Name Change, the Company also intends to change its stock symbol from \"MILL\" to a symbol reflective of the proposed new name. The Name Change remains subject to the approval of the TSX Venture Exchange. Assuming all required approvals are obtained, the Company will provide a further news release announcing the effective date for the Name Change, the Company's new stock symbol and the new CUSIP for the Company's common shares. \"In the current energy paradigm, we see hydrogen as a potentially significant disruptor to the energy market and driver of clean energy moving forward. While the industry is at its infancy at present, the potential for low cost, clean hydrogen to displace conventional fuel sources represents a large potential reduction in carbon emissions and as such, our team is conducting an exhaustive evaluation of opportunities within the space,\" commented Benjamin Asuncion, CEO of Millbank Mining.The Company cautions that it does not currently hold an interest in any natural hydrogen projects and there is no certainty that the Company will be successful in ultimately acquiring a natural hydrogen project and, if such a project is acquired, the outcome of any exploration and development activities on any such project.About Millbank Mining Corp.: Millbank Mining Corp. is a mineral exploration company currently focused on its wholly owned and royalty free Arthur Lake property in British Columbia. For further information, please contact:Ben AsuncionChief Executive OfficerMillbank Mining Corp.Tel: 604-377-1597Email: [email protected] 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. W...