Vancouver, British Columbia--(Newsfile Corp. - April 8, 2025) - PureWave Hydrogen Corp. (TSXV: PWH) ("PureWave" or the "Company"), is pleased to provide an update on the recent activities adjacent to the Company's Lily Rock acreage position that is strategically located within the Mid-Continent Rift (MCR) system in Kansas. Such activity re-affirms the Company's on-going geological analyses for advancement of exploration and development of naturally occurring hydrogen resources, commonly known as "white hydrogen" with a focus of driving long-term value creation.
There has been an increasingly amount of activity surrounding the The Mid-Continent Rift (MCR) that is rapidly gaining attention as a potential new frontier for geologic "white" hydrogen resources. Most recently, HyTerra Ltd. (ASX: HYT) announced results from the Hoarty NE3 well within its Geneva Project in Nebraska, located along the same MCR trend. Gas analyses from the well showed helium concentrations up to 12.8% and hydrogen levels reaching an impressive 44%, underscoring the region's potential for hosting high-value natural gas mixtures.
In parallel, Koloma, a well-funded private company backed by prominent investors including Bill Gates, Breakthrough Energy Ventures, and Mitsubishi Heavy Industries, is actively advancing its seismic program and extensive geological research within the MCR corridor. These activities continue to validate the MCR as a geological setting for hydrogen generation, migration, and entrapment.
"With our acreage positioned directly on trend with HyTerra and Koloma, the Company believes the Lily Rock project represents compelling underexplored hydrogen opportunities in North America," said Greg Busby, CEO of PureWave Hydrogen. "The encouraging results from the Hoarty NE3 well in conjunction with the increasing interest in this industry further supports our thesis that the Mid-Continent Rift could potentially host commercially viable concentrations of natural hydrogen."
PureWave remains dedicated to building strategic partnerships with leading academic and geoscientific institutions as it advances efforts to de-risk its exploration targets and continues to review the prospects of acquiring additional acreage within this emerging hydrogen region in Kansas.
About PureWave Hydrogen Corp.
PureWave Hydrogen is an evolving junior oil and gas company with the potential of exploration and development of naturally occurring "white hydrogen" resources in the United States and Canada.
On behalf of the Board of Directors of PureWave Hydrogen Corp.,
"Bruce Nurse"
Bruce Nurse, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Greg T. Busby, President & CEO
Tel: (403) 540-9312
gbusby@purewaveenergycorp.com
Bruce Nurse, Director
Tel: (303) 919-2913
bruce.nurse@purewavehydrogen.com
TSX Venture: PWH
www.purewavehydrogen.com
Disclaimer for Forward-Looking Information
This press release contains "forward-looking statements or information". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the Company's discovery and development of white (natural) hydrogen resources across North America, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, developments and changes in laws and regulations, consumer sentiment towards the Company's products, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology and social changes on the products and industry, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.
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SOURCE: PureWave Hydrogen Corp.
