Business
Longhorn Exploration Corp. Enters Into Natural Hydrogen Lease Acquisition Agreement
(TheNewswire) News Release – Vancouver, British Columbia – TheNewswire &#...
About this update from Purewave Hydrogen Corp
[{"type":"text","content":"Longhorn Exploration Corp. Enters Into Natural Hydrogen Lease Acquisition Agreement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n News Release – Vancouver, British\nColumbia –\n \n \n TheNewswire –\n \n \n April 18, 2024:\n \n \n Longhorn Exploration Corp. (\n \n \n TSX-V: LEX\n \n \n ) (the\n“\n \n \n Company\n \n \n ”) is pleased to announce that it has entered into an\narm’s length natural hydrogen lease acquisition agreement dated\nApril 17, 2024 (the “\n \n \n Acquisition Agreement\n \n \n ”) with PureWave\nHydrogen Corp. (“\n \n \n PureWave\nHydrogen\n \n \n ”), whereby the Company has been\ngranted the exclusive right and option to acquire PureWave\nHydrogen’s rights and obligations under the Lease Agreements (as\ndefined below), covering approximately 314.73 net acres of land\nlocated in Kansas, USA (the “\n \n \n Properties\n \n \n ”).\n \n \n \n \n About Naturally Occurring (White)\nHydrogen\n \n \n \n \n Natural hydrogen gas, also known as “Geological”,\n“White” or “Gold” hydrogen is a unique and untapped clean\nenergy source, extracted directly from underground.\n \n \n \n \n According to the United States Geological Survey,\n“\n \n \n A previously overlooked, potential geologic\nsource of energy could increase the renewability and lower the carbon\nfootprint of our nation’s energy\n \n \n portfolio:\nnatural hydrogen.”\n \n \n It is considered the\ncleanest fuel, because burning it only produces heat and pure water.\nEngineers have even created a way to use it to generate electricity in\nthe\n \n \n \n \n hydrogen fuel\ncell\n \n \n \n \n \n \n 1\n \n \n \n \n . In brief, this\nworks because the fuel cell binds hydrogen and oxygen together to make\nwater, generating electricity in the process.\n \n \n \n \n About PureWave Hydrogen\n \n \n \n \n PureWave Hydrogen is a Colorado based company with its\nmission to pioneer the discovery and development of white (natural)\nhydrogen resources across North America.\n \n \n \n \n \n PureWave Hydrogen’s vision is that white (natural) hydrogen can\nfundamentally transform the energy landscape, offering a sustainable\nalternative to traditional fossil fuels. Its commitment to\nsustainability and innovation underpin...