HyTerra triples lease acreage at US hydrogen project

We recently tripled our lease acreage at the Nemaha hydrogen and helium project in Kansas, USA, from 12,880 to 39,000 acres ahead of drilling.

The new leases provide an additional geological play to our drilling portfolio, as they are situated above a major geological feature known as the Mid-Continent Rift. The Mid-Continent Rift is a ~1 billion-year-old failed tectonic rift containing significant quantities of iron-rich minerals, the ideal candidates for hydrogen generation.

Our predictive model for white hydrogen and helium in Kansas highlighted this area as particularly prospective and we are pleased to have executed the acquisition in record time.

The recent backing from Andrew Forrest’s Fortescue and the new acreage position HyTerra nicely for a major drilling campaign.

Articles by Stockhead, Small Caps, Fuel Cell Works and Energy News Bulletin provide more details on the update.