Primary Hydrogen Lines Up 1,500-Metre Wicheeda North Debut as Hydrogen Ground Game Widens
Published on 09/22/2026 at 10:01 | Editorial boerse-global.de
Primary Hydrogen is moving into the execution phase at its rare-earth flagship in British Columbia, with a maiden drill programme at Wicheeda North now fully contracted and scheduled to spud on 1 October 2026. The campaign is designed to run roughly 1,500 metres and is expected to wrap up by 1 November 2026, marking the first time the company will test subsurface geology directly rather than through surface sampling.
That shift carries weight for a junior explorer. Having wrapped up the first phase of soil sampling, Primary Hydrogen has locked in its service providers and brought Precision GeoSurveys Inc. on board for an airborne radiometric survey. Every component of the Wicheeda North work programme is now either in the field or under contract, positioning the company to probe anomalies first identified in 2025.
Hydrogen and Helium Portfolio Takes Shape Alongside Rare Earths
While the drill rigs are being readied in British Columbia, Primary Hydrogen has been quietly assembling a second pillar focused on natural hydrogen and helium exploration. The company picked up the Seagull North project in northwestern Ontario about a month ago, a 65-square-kilometre block sitting directly adjacent to ground with active drilling, where a nearby sample returned a hydrogen content of 0.65%.
That Ontario position was followed roughly three weeks ago by the acquisition of the Wallace project in Nova Scotia's Cumberland Basin. Wallace is the company's second asset in the basin after its Northumberland venture, underscoring a deliberate push to stake early ground in emerging natural hydrogen plays before competition intensifies.
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Shareholders Sign Off on Board, Auditor and Incentive Plan
Governance matters ran in parallel with field progress. At the annual general meeting held about a week ago, every management resolution cleared the vote, with shareholders holding 911,489 shares participating — equal to 12.29% of the outstanding capital.
Directors David Jackson, Benjamin Asuncion, William Timothy Heenan and Martin Kowcun all secured re-election. Voters also returned DMCL Chartered Professional Accountants as auditor and approved a fresh equity incentive plan combining rolling and fixed components, each capped at up to 10%.
Share Price Recovers Ground After a Bruising Month
The market has offered a mixed reception. In Monday's session the stock slipped 2.0% to close at 0.7450 euro, leaving it below its 50-day average of 0.8585 euro. Since the shareholder votes were confirmed about a week ago, however, the shares have added 4.9%.
Tuesday brought a sharper bounce, with the stock climbing 5.0% to 0.7300 euro intraday. Even so, the 30-day picture remains weak, showing a 39% decline. Whether the October drilling can trigger a lasting re-rating of the company's assets will come down largely to the drill cores and assay results still to come, along with the radiometric survey data.
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