Silk Road Energy ( (TSE:REC) ) just unveiled an update.
Record Resources Inc. has expressed strong interest in the impressive drilling results of its neighbor, Quebec Innovate Materials Corporation (QIMC), in the Lake Temiskaming area. The results indicate some of the highest grades in early-stage hydrogen exploration, with QIMC’s innovative shallow well drilling providing significant data and confidence about geological occurrences. This development enhances Record’s strategic positioning, as its newly acquired Lorrain-Bucke hydrogen property is adjacent to QIMC’s project, potentially benefiting from the inferred fault zones identified by QIMC. The company also corrected a previous error regarding the expiration of finder’s warrants related to a private placement.
More about Silk Road Energy
Record Resources (TSXV: REC) is a Canadian exploration company focused on acquiring and developing hydrogen and gold exploration properties. The company is operated by a highly experienced management team with access to exploration opportunities and technical expertise, and is backed by capital markets professionals.
YTD Price Performance: -25.00%
Average Trading Volume: 202,672
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$2.75M
Find detailed analytics on REC stock on TipRanks’ Stock Analysis page.