Primary Hydrogen Announces LIFE Offering

About this update from Primary Hydrogen Corp.

Calgary, Alberta--(Newsfile Corp. - June 4, 2026) - Primary Hydrogen Corp. (TSXV: HDRO) (OTCQB: HNATF) (FSE: 83W0) ("Primary Hydrogen" or the "Company")  is pleased to announce a non-brokered private placement offering of up to 4,000,000 units of the Company (each a "Unit") at a price of $0.60 per Unit for aggregate gross proceeds of up to $2,400,000 (the "Offering"). Each Unit will consist of one (1) common share in the capital of the Company (a "Common Share") and one (1) Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one (1) Common Share at a price of $0.80 per Common Share for a period of twenty-four (24) months from the date of issuance, provided that the Warrants shall not be exercisable for a period of 60 days after the Closing Date. The Offering is expected to close on or about July 17, 2026 (the "Closing Date"), or such other date as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals. The Company intends to use the net proceeds from the Offering for general working capital and general administrative purposes. The Company may also use a portion of the net proceeds to acquire additional exploration properties if suitable opportunities arise. In connection with the closing of the Offering, the Company may pay a cash fee of up to 6% of the gross proceeds of the Offering to certain eligible finders who introduce investors to the Company. The Company may also issue to eligible finders such number of finders' warrants (the "Finders' Warrants") equal to up to 6% of the number of Units sold under the Offering. Each Finders' Warrant will be exercisable for one Common Share at the price of $0.80 for a period of twenty-four (24) months from the Closing Date. The Units will be issued on a private placement basis pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), as amended and supplemented by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "LIFE Exemption"). Subject to compliance with applicable regulatory requirements and in accord...

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