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Posted by
Two Blokes Jul 7 -
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Stock
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Calgary, Alberta--(Newsfile Corp. - July 7, 2025) - Primary Hydrogen Corp. (TSXV: HDRO) (FSE: 83W0) (OTCQB: HNATF) ("Primary" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "Letter of Intent") dated July 3, 2025 with J4 Ventures Inc. ("J4"), a TSXV capital pool company, in respect of a proposed transaction pursuant to which J4 shall acquire the "Arthur Lake Property" (the "Arthur Lake Property" or the "Property") from Primary Hydrogen (the "Proposed Transaction"). The Letter of Intent contemplates that the Company and J4 will enter into a definitive agreement (the "Definitive Agreement"), pursuant to which J4 will acquire a 100% interest in the Arthur Lake Property by making the following payments on closing of the Proposed Transaction: (i) issuing Primary Hydrogen 500,000 common shares in the capital of J4 (each a "J4 Share"); and (ii) making a C$50,000 cash payment to Primary Hydrogen.
