Annuncio • Jul 09
Primary Hydrogen Corp. announced that it has received CAD 1.475742 million in funding On July 8, 2026, Primary Hydrogen Corp. closed the transaction. The company issued 2,459,570 Units at a price of CAD 0.60 per Unit, for aggregate gross proceeds of up to CAD 1,475,742. In connection with the closing of the Offering, the Company issued 150,979 finders' warrants to Research Capital Corporation. Each finders' warrant will be exercisable for one Common Share at the price of CAD 0.80 for a period of twenty-four (24) months from the date of issuance. The company has disclosed the issue expenses of CAD 88,544.52 in connection with the transaction Annuncio • Jul 08
Primary Hydrogen Corp., Annual General Meeting, Sep 15, 2026 Primary Hydrogen Corp., Annual General Meeting, Sep 15, 2026. New Risk • Mar 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 25% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.7m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 81% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.79m market cap, or US$2.76m). New Risk • Oct 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.7m free cash flow). Earnings have declined by 81% per year over the past 5 years. Shareholders have been substantially diluted in the past year (117% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.52m market cap, or US$6.13m). New Risk • Sep 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.6m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 77% per year over the past 5 years. Shareholders have been substantially diluted in the past year (119% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.6m market cap, or US$9.86m). Annuncio • Jul 16
Primary Hydrogen Corp., Annual General Meeting, Sep 22, 2025 Primary Hydrogen Corp., Annual General Meeting, Sep 22, 2025. Annuncio • Jul 11
Primary Hydrogen Commences Hydrogen Field Sampling Program in Atlantic Canada Primary Hydrogen Corp. announced the commencement of its hydrogen field sampling program at the Mary's Harbour and Point Rosie projects in Labrador and Newfoundland respectively (collectively, the "Atlantic Canada H2 Projects"). Field sampling activities will be conducted by Eastern Geo Services under the supervision of Peter Lauder, Vice President of Exploration, utilizing specialized sampling methodologies designed and tested by INRS to minimize artificially generated hydrogen. This field program, representing the second phase (Phase 2) of the Company's multi-phase exploration strategy, is anticipated to cover approximately 8,550 hectares and to be completed over the next four weeks. This integrated approach is specifically aimed at efficiently identifying the presence of any natural hydrogen at surface levels, while simultaneously refining the Company's geological understanding of potential hydrogen generation sources, migration pathways, and accumulation zones. Primary Hydrogen's sampling methodology and procedures have been collaboratively developed with INRS, leveraging laboratory-verified techniques to ensure consistent, reliable results and minimize artificially generated hydrogen. collected data will directly inform subsequent exploration phases, increasing confidence in the identification and evaluation of prospective natural hydrogen targets. Upon completion of this Phase 2 program, results will be analyzed, and the Company anticipates providing further updates and details as data becomes available. The Company is also pleased to announce the extension of its strategic marketing agreement (the "Services Agreement") with Euro Digital Media Ltd. ("Euro Digital") (address 71-75 Shelton Street, Covent Garden, London UK WC2H 9JQ). Under the terms of the Services Agreement, Euro Digital will create campaigns, ad groups, text ads, display ads, perform detailed keyword research, setup and manage remarketing campaigns, optimize keyword options, coordinate online advertisers and marketers corresponding to online marketing targets, create landing pages for ad campaigns and generally bring attention to the business of the Company. The Company has renewed the Services Agreement in consideration for a fee of USD 400,000, inclusive of third-party (i.e., ad placement) costs. The renewal of the services under the Services Agreement will commence on or about July 8, 2025, and continue until exhaustion of the marketing budget. New Risk • May 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.5m free cash flow). Earnings have declined by 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (193% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$19.5m market cap, or US$14.0m). New Risk • May 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.5m free cash flow). Earnings have declined by 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (193% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$20.2m market cap, or US$14.5m). Annuncio • Mar 31
Primary Hydrogen Corp. Appoints Allegra Hosford Scheirer as Technical Advisor to the Board Primary Hydrogen Corp. announced the appointment of Dr. Allegra Hosford Scheirer as a Technical Advisor to the Board. Dr. Hosford Scheirer has been working with Primary over the past few months on its expansion into the USA, helping to formulate new opportunities and evaluate acquisitions, with the new appointment expanding the scope of her role. This appointment aligns with the company's objective of systematically expanding its project portfolio into the USA. Dr. Allegra Hosford Scheirer is an internationally recognized expert in petroleum systems analysis, with over 20 years of diversified experience in pore-fluid networks and energy science. She holds a Ph.D. in Marine Geology and Geophysics from the Massachusetts Institute of Technology (MIT) - Woods Hole Oceanographic Institution (WHOI) Joint Program. Following her doctoral studies, Dr. Hosford Scheirer contributed to geophysical projects at the U.S. Geological Survey (USGS), where she collected land gravity data in the western United States and conducted extensive research in petroleum systems analysis. Her work at the USGS provided critical insights into subsurface energy resources, further establishing her expertise in the field. At Stanford University, Dr. Hosford Scheirer serves as an Adjunct Professor in the Department of Earth and Planetary Sciences, where she had been a research scientist for over 16 years. Her research interests include developing integrated workflows incorporating geophysics, geochemistry, and quantitative geologic modeling. Dr. Hosford Scheirer's extensive experience and expertise in energy science and petroleum systems analysis make her a valuable advisor to the Primary Hydrogen Corp. Board. New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings have declined by 32% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (112% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.51m market cap, or US$5.93m). Annuncio • Jan 02
Primary Hydrogen Corp. Announces Chief Financial Officer Changes Primary Hydrogen Corp. announce the appointment of Ms. Jelena Veljovic as Chief Financial Officer of the Company effective immediately. Ms. Veljovic replaces Mr. Joel Leonard, who has served as CFO since September 2020. The Company wishes to thank Mr. Leonard for fulfilling that role and to express its appreciation for his service. Ms. Veljovic provides accounting services to public companies through Treewalk Consulting Inc., a growing professional services advisory firm in Vancouver, British Columbia. Prior to her time at Treewalk Consulting Inc., Ms. Veljovic worked as an accounting technician with Focus LLP, a public accounting firm in the Calgary, AB market, supporting with taxation services for private companies and individuals. Annuncio • Dec 24
Primary Hydrogen Corp. announced that it has received CAD 0.75 million in funding On December 23, 2024, Primary Hydrogen Corp. closed the transaction. All securities issued pursuant to the Private Placement are subject to a statutory four month hold period expiring on April 21, 2025. Annuncio • Nov 28
Primary Hydrogen Corp. (TSXV:HDRO) acquired Two Projects in Newfoundland & Labrador. Primary Hydrogen Corp. (TSXV:HDRO) acquired Two Projects in Newfoundland & Labrador on November 27, 2024.
Primary Hydrogen Corp. (TSXV:HDRO) completed the acquisition of Two Projects in Newfoundland & Labrador on November 27, 2024. Annuncio • Nov 13
Primary Hydrogen Corp. announced that it has received CAD 3 million in funding On November 12, 2024. Primary Hydrogen Corp. has closed the transaction. The company issued 9,090,910 units at a price of CAD 0.33 for gross proceeds of CAD 3,000,000.3. In connection with the Private Placement, the Company has paid to certain finders a cash commission of CAD 81,798.59 and has issued 247,874 non-transferable broker warrants. All securities issued pursuant to the Private Placement are subject to a statutory hold period of four months, expiring on March 8, 2025. Insiders of the Company have subscribed for 333,273 Units in the Private Placement Annuncio • Oct 13
Millbank Mining Corp. Announces Resignation of Jasdeep Dhaliwal as Director Millbank Mining Corp. announced that Mr. Jasdeep Dhaliwal has submitted his resignation as a director to pursue other endeavors. The Company would like to thank Mr. Dhaliwal for his service as a director and wishes him well in his future endeavors. Annuncio • Sep 27
Millbank Mining Corp. announced that it expects to receive CAD 3 million in funding Millbank Mining Corp. announced a non-brokered private placement of up to 9,090,910 at a price of CAD 0.33 per unit to for gross proceeds of up to CAD 3,000,000 on September 27, 2024. Each unit will consist of one common share of the Company and and one Common Share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company for a period of 24 months following the closing of the private placement at an exercise price of CAD 0.50 per warrant share. The Company may pay finder's fees in the amount of 6% cash and issue finder's warrants equal to 6% of the number of Units placed by such finder on all or a portion of the Private Placement. The finder's warrants will have the same terms of the Warrants forming part of the Units. Annuncio • Sep 26
Millbank Mining Corp. (TSXV:MILL) acquired Blakelock hydrogen project in Northern Ontario for CAD 0.12 million. Millbank Mining Corp. (TSXV:MILL) signed an purchase agreement to acquire Blakelock hydrogen project in Northern Ontario for CAD 0.12 million on September 12, 2024. The Company is acquiring a 100% interest in the Blakelock Project for consideration of CAD 0.046 million and 200,000 common shares. The Vendors have been granted a 1.5% net smelter returns royalty (NSR) of which 0.5% can be repurchased by the Company for CAD 0.5 million. The common shares issued under the Acquisition Agreement will be subject to a four-month statutory hold period in accordance with applicable securities laws. The Proposed Transaction remains subject to customary conditions of closing, including the approval of the TSX Venture Exchange.
Millbank Mining Corp. (TSXV:MILL) completed the acquisition of Blakelock hydrogen project in Northern Ontario on September 25, 2024. Annuncio • Sep 13
Millbank Mining Corp. (TSXV:MILL) signed an purchase agreement to acquire Blakelock hydrogen project in Northern Ontario for CAD 0.12 million. Millbank Mining Corp. (TSXV:MILL) signed an purchase agreement to acquire Blakelock hydrogen project in Northern Ontario for CAD 0.12 million on September 12, 2024. The Company is acquiring a 100% interest in the Blakelock Project for consideration of CAD 0.046 million and 200,000 common shares. The Vendors have been granted a 1.5% net smelter returns royalty (NSR) of which 0.5% can be repurchased by the Company for CAD 0.5 million. The common shares issued under the Acquisition Agreement will be subject to a four-month statutory hold period in accordance with applicable securities laws. The Proposed Transaction remains subject to customary conditions of closing, including the approval of the TSX Venture Exchange. New Risk • Aug 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 93% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (93% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.88m market cap, or US$4.99m). Annuncio • Jul 27
Millbank Mining Corp. announced that it has received CAD 0.535 million in funding On July 25, 2024, Millbank Mining Corp closed the transaction. No finders’ fees were paid in connection with the Private Placement Annuncio • Jul 04
Millbank Mining Corp. announced that it expects to receive CAD 0.5 million in funding Millbank Mining Corp. announced a non-brokered private placement of 10,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 on July 2, 2024. Each Unit will consist of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share for a period of 24 months following the closing of the Private Placement at an exercise price of CAD 0.07 per Warrant Share. Completion of the Private Placement is subject to certain conditions including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. Board Change • Jun 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director William Heenan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jun 18
Millbank Mining Corp., Annual General Meeting, Aug 20, 2024 Millbank Mining Corp., Annual General Meeting, Aug 20, 2024. Board Change • Mar 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director William Heenan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • May 19
Millbank Mining Corp. Announces Results from Ip Geophysical Program At Arthur Lake Millbank Mining Corp. announced it has received the results and interpretations from an Induced Polarization (IP) and Resistivity survey completed in December 2021 on its wholly-owned Arthur Lake property located near Vanderhoof, British Columbia. The survey was completed by Peter E. Walcott & Associates and consisted of 9.6-line-kilometres of surveying including three north-south (N-S) lines testing the Southwest Anomaly and foureast-west (E-W) lines testing the Copper Enrichment and Granitic Plug Anomalies. Due to severe weather and environmental conditions, only 9.6-line-kilometres of the planned 12-line-kilometres was able to be completed. Overall, while the IP survey was unable to uncover responses typically identified with porphyry copper mineralization, a number of linear, moderately- to steeply-dipping zones of high resistivity were identified in both the N-S and E-W lines which may warrant further investigation. Annuncio • May 14
Millbank Mining Corp., Annual General Meeting, Jul 13, 2022 Millbank Mining Corp., Annual General Meeting, Jul 13, 2022.