An announcement from Silk Road Energy ( (TSE:REC) ) is now available.
Record Resources Inc. has secured an option agreement to acquire a significant property in the Temiskaming hydrogen camp, adjacent to a major hydrogen discovery by Quebec Innovative Materials Corporation (QIMC). This acquisition positions Record as a key player in Ontario’s burgeoning renewable hydrogen sector, leveraging the area’s unique geological features that suggest substantial natural hydrogen potential. The collaboration with QIMC enhances Record’s strategic capabilities, combining expertise to accelerate hydrogen exploration and extraction efforts. The deal includes the issuance of shares and staggered cash payments, with provisions for a gross revenue royalty, subject to regulatory approval.
More about Silk Road Energy
YTD Price Performance: 14.29%
Average Trading Volume: 223,120
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$3.66M
Find detailed analytics on REC stock on TipRanks’ Stock Analysis page.