Mr. Marc Branson reports
PROTIUM SURVEY RESULTS IDENTIFY HYDROGEN TARGET
Protium Clean Energy Corp. has released preliminary results of its satellite gas surveys over its Temiskaming claim block and the surrounding 11,000-square-kilometre area centred on Lake Temiskaming and the Quebec Innovative Materials Corp. hydrogen showings.
Summary of the results to date:
- Identified anomalous targets on the company's current property similar to recent known discoveries in the area;
- Defined a predictive model and a deeper understanding of the geology;
- Identified further geological areas of interest.
"We are thrilled with the initial results and the outstanding work conducted by Aster Funds. This survey has confirmed our strategy and provided us with a significant advantage as we move forward," said Marc Branson, chief executive officer of Protium.
Hydrogen, helium, radon, methane and carbon dioxide gases were detected, and their abundances mapped. Satellite data were acquired and processed across multiple dates, including critical seasonal periods such as April 15 (ice breakup) to distinguish geological hydrogen sources from potential biological or seasonal influences. Locations with moderate to high hydrogen abundances were outlined, and those locations with multiple hydrogen results were contoured. Areas with multiple hydrogen results for three or more periods were deemed anomalous. Identifying areas with consistent hydrogen results across three or more periods provides confidence in the persistence of the anomalies and strengthens the case for a geological source.
Utilizing anomalous hydrogen soil sample sites as training data for artificial-intelligence-based quadradic discriminant function classifier analysis, hydrogen predictive fingerprint target areas were observed, indicating zones with potential hydrogen accumulation, aligning with the locations of QIMC's known hydrogen anomalies.
One such target was identified on Protium's Temiskaming claim block. Based on this, the hydrogen data were contoured, returning a five-hydrogen anomaly and a cluster of seven smaller four-hydrogen anomalies: The primary hydrogen anomaly and six of the clusters are over Cobalt group rocks.
The April helium gas results showed very high helium abundances in Lake Temiskaming and 122 other lakes, representing less than 7 per cent of lakes in the 11,000-square-kilometre area studied. It is noteworthy as helium is often found in conjunction with hydrogen due to shared migration pathways, enhancing the prospectivity of this target area.
The company also announces that it has engaged Triomphe Holdings Ltd. doing business as Capital Analytica to provide capital market and social media consulting. Services include reporting on social media engagement, dissemination of news releases and forum monitoring, as well as corporate video dissemination. The services are for a period of three months commencing Dec. 1, 2024, at a rate of $60,000 per three months. The company has an option to renew for an additional three months on the same terms.
The company has also engaged Plutus Invest & Consulting GmbH to provide consulting services related to advertising, marketing, public relations strategies and investor awareness in the European markets. The agreement with Plutus is effective immediately and has a term of six months. The company expects to pay in the range of 100,000 euros to 250,000 euros for the services during this period.
The company also announces that it has granted 500,000 stock options to a consultant. The options are exercisable at a price of six cents per share for a one-year term.
John Ryder, PGeo, a qualified person as that term is defined under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Ryder is also a consultant of the company.
About Protium Clean Energy Corp.
Protium is a junior exploration and development company focused on identifying, acquiring and exploring prospective minerals in Canada's extensive natural resource portfolio. It focuses on exploring and developing its 100-per-cent-owned Nakina lithium and Firstbrook hydrogen properties in Ontario, located in Northern Canada, and identifying and pursuing further opportunities by region using various satellite surveys. This allows Protium to evaluate large tracts of land quickly and cost-effectively to delineate targets for natural gases and critical minerals required for the modern world.
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