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Protium Clean Energy Corp. Enters into Letter of Intent to Acquire Lake Timiskaming Natural Hydrogen Project
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2025) - Protium Clean Energy Corp. (CSE: GRUV) ("Protium" or the "Company") is pleased to announce that it has entered into a letter of intent dated September 9, 2025 with private vendors to acquire a 100% interest in the Lake Timiskaming Natural Hydrogen Project, strategically located on the Québec shoreline of Lake Timiskaming.Under the terms of the letter of intent, the Company is required to:(1) make a cash payment of $10,000...
About this update from Protium Clean Energy Corp
[{"type":"text","content":"Vancouver, British Columbia—(Newsfile Corp. - September 9, 2025) - Protium Clean Energy Corp. (CSE: GRUV) ("Protium" or the "Company") is pleased to announce that it has entered into a letter of intent dated September 9, 2025 with private vendors to acquire a 100% interest in the Lake Timiskaming Natural Hydrogen Project, strategically located on the Québec shoreline of Lake Timiskaming.","length":410,"tagName":"p"},{"type":"text","content":"Under the terms of the letter of intent, the Company is required to:","length":68,"tagName":"p"},{"type":"text","content":"(1) make a cash payment of $10,000 and issue $10,000 in common shares of the Company upon execution of the letter of intent;(2) make a cash payment of $20,000 upon signing of the definitive agreement; (3) issue $200,000 in common shares of the Company within 10 days of signing of a definitive agreement; and (4) incur exploration expenditures of a minimum of $100,000 within 12 months of signing of a definitive agreement.","length":426,"tagName":"p"},{"type":"text","content":"Common shares will be issued at a price equal to the 20-day volume-weighted average trading price of the Company's common shares. The letter of intent is subject to the approval of the Canadian Securities Exchange. The transaction is arm's length to the vendors.","length":270,"tagName":"p"},{"type":"text","content":"The Lake Timiskaming Natural Hydrogen Project covers 102 mineral claims (approximately 3,800 hectares). The Project lies immediately adjacent to Quebec Innovative Materials Corp., which has announced a significant natural hydrogen discovery, and extends into the Québec side of the lake, above the deepest sections of the Timiskaming Graben (Figure 1) (see QIMC Press Releases dated July 25, 2024, and March 27, 2025). This rift corridor is defined by major fault systems (West Shore, Cross Lake, and Banche River faults) that could potentially act as a conduit for mantle-derived hydrogen.","length":590,"tagName":"p"},{"type":"text","content":"Geological highlights of Protium's ground include:","length":54,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Active rift faulting and porous sedimentary rocks favorable for hydrogen migration and potential reservoirs for hydrogen storage.","length":129,"tagName":"p"}]},{"val":[{"type":"text","cont...