Silk Road Energy ( (TSE:REC) ) has shared an update.
Record Resources Inc. is optimistic about the recent findings by Quebec Innovative Materials Corp (QIMC) regarding the potential hydrogen resources in the Lake Temiskaming Graben structure. QIMC’s estimates suggest significant hydrogen yields, which could enhance the economic potential of the region. Record Resources holds several properties in the area, which share similar geological features with QIMC’s properties, indicating promising prospects for hydrogen accumulation. The collaboration between Record Resources and QIMC, including QIMC’s upcoming major shareholder status in Record, could strategically position both companies to capitalize on these hydrogen resources.
More about Silk Road Energy
Record Resources is a Canadian exploration company listed on the TSX Venture Exchange under the symbol REC. The company is focused on exploring properties within the Temiskaming Graben structure, which are believed to contain potential reservoir units for hydrogen resources.
YTD Price Performance: 100%
Average Trading Volume: 523,023
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$6.41M
For a thorough assessment of REC stock, go to TipRanks’ Stock Analysis page.