York Harbour Metals has announced the acquisition of a portfolio of natural hydrogen assets in Canada, positioning itself at the forefront of the emerging “white hydrogen” exploration cycle. The transaction reflects the company’s strategy to diversify into hydrogen as a renewable energy source for hard-to-abate industries such as steelmaking, chemicals, and heavy transport.

The acquisition is valued at $0.121 million (CAD 0.16 million), comprising $72,070 (CAD 100,000) in cash and the issuance of 800,000 common shares of York Harbour at a deemed price of $0.061 (CAD 0.085) per share. These shares will be subject to a statutory four-month and one-day hold period. In addition, the Hearst East & West hydrogen claims in Ontario carry a 1.5% net smelter returns (NSR) royalty. York Harbour will also assume the seller’s option rights to the Casa Hydrogen Project, requiring a payment of $61,980.5 (CAD 86,000) to exercise.

The portfolio spans over 36,000 hectares across three projects:

The Kirwan Hydrogen Project in Quebec covers 1,463 hectares and is fully owned by York Harbour. With road access and proximity to Quebec Innovative Materials Corp’s flagship hydrogen discovery, the property is strategically located in one of Canada’s emerging hydrogen districts.

The Casa Hydrogen Project in Quebec, which spans 5,851 hectares, is under option for York Harbour to acquire 100% ownership. The site features multiple “fairy circles”—vegetation-free depressions identified as potential indicators of subsurface natural hydrogen.

The Hearst East & West Hydrogen Projects in Ontario represent the largest portion of the portfolio, with a combined area of ~29,000 hectares. These 100% owned claims are situated adjacent to Maxx Energy’s hydrogen projects and contain widespread “fairy circles” identified via satellite imagery, strengthening their exploration potential.

Natural hydrogen, often referred to as “white hydrogen,” is increasingly recognized as a renewable alternative for decarbonizing industries that are difficult to electrify. By securing this portfolio, York Harbour Metals aims to establish a foothold in Canada’s nascent hydrogen exploration market, drawing parallels with the early growth phases of lithium and rare earth minerals.

The transaction remains subject to customary closing conditions and regulatory approvals. Once finalized, it will reinforce York Harbour’s transition from a traditional metals player to a diversified clean energy exploration company.

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