Primary Hydrogen Announces LOI with Respect to Arthur Lake Property
Primary Hydrogen (OTCQB: HNATF) has entered into a non-binding letter of intent with J4 Ventures Inc., a TSXV capital pool company, to sell its Arthur Lake Property. Under the proposed transaction terms, J4 will acquire 100% interest in the property in exchange for 500,000 J4 common shares and a C$50,000 cash payment.
Primary Hydrogen will retain a 2% net smelter return royalty (NSR) on the property. The transaction completion is subject to several conditions, including execution of a definitive agreement, completion of an NI 43-101 technical report, regulatory approvals, due diligence, and J4's concurrent financing. The transaction is structured as an arm's length deal with no finders' fees or commissions.
Primary Hydrogen (OTCQB: HNATF) ha firmato una lettera d'intenti non vincolante con J4 Ventures Inc., una societ脿 TSXV capital pool, per la vendita della sua propriet脿 Arthur Lake. Secondo i termini proposti, J4 acquisir脿 il 100% dell'interesse nella propriet脿 in cambio di 500.000 azioni ordinarie J4 e di un pagamento in contanti di 50.000 C$.
Primary Hydrogen manterr脿 una royalty netta sul ricavo da fusione (NSR) del 2% sulla propriet脿. Il completamento della transazione 猫 soggetto a diverse condizioni, tra cui la firma di un accordo definitivo, la redazione di un rapporto tecnico NI 43-101, le approvazioni normative, la due diligence e il finanziamento simultaneo da parte di J4. La transazione 猫 strutturata come un accordo tra parti indipendenti senza commissioni o compensi per intermediari.
Primary Hydrogen (OTCQB: HNATF) ha firmado una carta de intenciones no vinculante con J4 Ventures Inc., una empresa capital pool de TSXV, para vender su propiedad Arthur Lake. Seg煤n los t茅rminos propuestos, J4 adquirir谩 el 100% de inter茅s en la propiedad a cambio de 500,000 acciones ordinarias de J4 y un pago en efectivo de 50,000 C$.
Primary Hydrogen conservar谩 una regal铆a neta sobre el retorno de fundici贸n (NSR) del 2% sobre la propiedad. La finalizaci贸n de la transacci贸n est谩 sujeta a varias condiciones, incluyendo la ejecuci贸n de un acuerdo definitivo, la realizaci贸n de un informe t茅cnico NI 43-101, aprobaciones regulatorias, la debida diligencia y la financiaci贸n concurrente de J4. La transacci贸n est谩 estructurada como un acuerdo entre partes independientes sin honorarios ni comisiones para intermediarios.
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Primary Hydrogen鞚� 攵�霃欖偘鞐� 雽�頃� 靾滌牅霠垬鞚�(雱� 鞀る韯� 毽劥, NSR) 2% 搿滌棿韹半ゼ 鞙犾頃╇媹雼�. 瓯半灅 鞕勲電� 頇曥爼 瓿勳暯靹� 觳搓舶, NI 43-101 旮办垹 氤搓碃靹� 鞕勲, 攴滌牅 鞀轨澑, 鞁れ偓, J4鞚� 霃欖嫓 鞛愱笀 臁半嫭 霌� 鞐煬 臁瓣贝鞐� 霐半澕 雼澕歆戨媹雼�. 鞚� 瓯半灅電� 欷戧皽 靾橃垬耄岆倶 旎る靺� 鞐嗢澊 霃呺霅� 雼轨偓鞛� 臧� 瓯半灅搿� 甑劚霅橃柎 鞛堨姷雼堧嫟.
Primary Hydrogen (OTCQB : HNATF) a conclu une lettre d'intention non contraignante avec J4 Ventures Inc., une soci茅t茅 de capital-pool TSXV, pour vendre sa propri茅t茅 Arthur Lake. Selon les termes propos茅s, J4 acquerra 100 % des int茅r锚ts dans la propri茅t茅 en 茅change de 500 000 actions ordinaires J4 et d'un paiement en esp猫ces de 50 000 C$.
Primary Hydrogen conservera une redevance nette de 2 % sur le revenu de fusion (NSR) sur la propri茅t茅. La finalisation de la transaction est soumise 脿 plusieurs conditions, notamment la signature d'un accord d茅finitif, la r茅alisation d'un rapport technique NI 43-101, les approbations r茅glementaires, la diligence raisonnable et le financement simultan茅 par J4. La transaction est structur茅e comme un accord entre parties ind茅pendantes sans frais d'interm茅diaire ni commission.
Primary Hydrogen (OTCQB: HNATF) hat eine unverbindliche Absichtserkl盲rung mit J4 Ventures Inc., einem TSXV Capital Pool Unternehmen, zum Verkauf seines Arthur Lake Grundst眉cks unterzeichnet. Nach den vorgeschlagenen Transaktionsbedingungen wird J4 100% Eigentumsanteil an der Immobilie im Austausch f眉r 500.000 J4-Stammaktien und eine Barauszahlung von 50.000 C$ erwerben.
Primary Hydrogen beh盲lt sich eine 2% Net Smelter Return Royalty (NSR) auf die Immobilie vor. Der Abschluss der Transaktion steht unter mehreren Bedingungen, darunter der Abschluss einer endg眉ltigen Vereinbarung, die Fertigstellung eines NI 43-101 technischen Berichts, beh枚rdliche Genehmigungen, Due Diligence und die gleichzeitige Finanzierung durch J4. Die Transaktion ist als ein Gesch盲ft zwischen unabh盲ngigen Parteien ohne Findergeb眉hren oder Provisionen strukturiert.
- Sale of Arthur Lake Property will generate C$50,000 in cash and 500,000 J4 shares
- Company retains 2% NSR royalty on the property, providing potential future revenue stream
- Arm's length transaction with no finders' fees reduces transaction costs
- Transaction is subject to multiple conditions and regulatory approvals
- Letter of intent is non-binding, creating uncertainty about deal completion
- Final structure and tax implications still to be determined
Calgary, Alberta--(Newsfile Corp. - July 7, 2025) - Primary Hydrogen Corp. (TSXV: HDRO) (FSE: 83W0) (OTCQB: HNATF) ("Primary" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "Letter of Intent") dated July 3, 2025 with J4 Ventures Inc. ("J4"), a TSXV capital pool company, in respect of a proposed transaction pursuant to which J4 shall acquire the "Arthur Lake Property" (the "Arthur Lake Property" or the "Property") from Primary Hydrogen (the "Proposed Transaction").
The Letter of Intent contemplates that the Company and J4 will enter into a definitive agreement (the "Definitive Agreement"), pursuant to which J4 will acquire a
It is anticipated that the Proposed Transaction will be structured as an asset purchase transaction or other structure based on the advice of the Parties' respective advisers and taking into account various securities, tax, operating and other considerations.
Completion of the Proposed Transaction is conditional upon, among other standard conditions for a transaction of this nature including, among other things: (i) the negotiation, execution and delivery of the Definitive Agreement; (ii) completion of an NI 43-101 compliant technical report in respect of the Arthur Lake Property that are acceptable to the TSXV and J4; (iii) receipt of all required consents and approvals for the Proposed Transaction and the Definitive Agreement; (iv) completion of satisfactory due diligence by each Party of the other Party; (v) completion by J4 of a concurrent financing; and (vi) TSXV acceptance. There can be no assurance that all the necessary regulatory approvals will be obtained or that all conditions of closing will be met.
The Proposed Transaction is an arm's length transaction and there are no finders' fees or commissions payable in respect of the Proposed Transaction.
About Primary Hydrogen Corp.
Primary Hydrogen is dedicated to the exploration and development of natural hydrogen resources. With over 740 acres in the U.S. and 230 square kilometers across Canada, the Company's portfolio includes the Blakelock, Hopkins, Mary's Harbour, Point Rosie, Crooked Amphibolite, Coquihalla, and Cogburn projects. Primary also holds the Arthur Lake copper project in British Columbia and has an option to acquire a
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FOR FURTHER INFORMATION PLEASE CONTACT:
Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: [email protected]
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws.
Forward-looking statements can generally be identified by the use of words such as "anticipated," "expected," "aimed," "planned," "continue," "will," "would," "may," "could," "intends," or similar expressions.
Forward-looking statements involve significant risks and uncertainties that could cause actual outcomes to differ materially from those projected.
Although the Company believes its expectations and assumptions are reasonable based on current information, there can be no assurance that these forward-looking statements will prove accurate. Readers should not place undue reliance on forward-looking statements or information, as actual outcomes may vary materially from those anticipated. The Company undertakes no obligation to update forward-looking information except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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FAQ
What are the terms of Primary Hydrogen's (HNATF) Arthur Lake Property sale to J4 Ventures?
What conditions must be met for the Primary Hydrogen (HNATF) and J4 Ventures deal to close?
What royalty will Primary Hydrogen (HNATF) retain on the Arthur Lake Property?
Is the Primary Hydrogen (HNATF) Arthur Lake Property sale binding?
Are there any finders' fees for the Primary Hydrogen (HNATF) property sale?
