Primary Hydrogen Taps Radius Drilling for 1,500-Metre Wicheeda North Debut

Primary Hydrogen awarded Radius Drilling the maiden 1,500-metre Wicheeda North rare-earth drill programme, set to start October 1, 2026.

Primary Hydrogen has locked in the contractor for its first-ever drill test at the Wicheeda North rare-earth project in British Columbia, handing the assignment to Radius Drilling Corp. The campaign is designed to run roughly 1,500 metres, with a start date of October 1, 2026 and completion targeted for November 1, 2026.

It marks the maiden test phase on the rare-earth property. Management is chasing detailed insight into how mineralisation is distributed beneath the surface — the kind of hard data the company has so far lacked at the site.

A busy fortnight of corporate housekeeping

The drilling mandate was awarded about two weeks ago, and it arrived alongside a burst of other corporate activity. Shareholders gathered around the same time for the annual and special meeting, where every resolution put forward by the board passed. Turnout reached 911,489 common shares, equal to 12.29 percent of all voting securities.

Four directors — David Jackson, Benjamin Asuncion, William Timothy Heenan and Martin Kowcun — won re-election. The meeting also confirmed DMCL Chartered Professional Accountants as auditor and signed off on a new Omnibus Equity Incentive Plan for executives and staff, built around a rolling component of up to 10 percent plus a fixed portion of up to 10 percent. Since that vote, the stock has added 4.9 percent. The Wicheeda North plan itself first surfaced roughly two weeks ago, a window in which the shares have slipped 6.9 percent; the same period brought the award of a radiometric survey contract over the property.

Building a dual-track portfolio

While the rare-earth work advances, Primary Hydrogen has been assembling natural hydrogen acreage on the other side of the country. On August 17 the company secured the Northumberland project in Nova Scotia, covering two licences with 72 claims across roughly 1,166 hectares on the northern rim of the Cumberland Basin in Cumberland County. That followed the Wallace project, acquired about a month ago in the same basin, giving the firm an early foothold in a geologically promising region.

Ontario forms the third leg of the strategy. More than a month ago the company staked Seagull North in the province's northwest, holding 313 single-cell mining claims spanning about 65 square kilometres in the Thunder Bay mining district. The ground sits next to active drilling aimed at natural hydrogen and helium.

Sector news provides a short-term lift

Fresh exploration headlines from the natural hydrogen space have rekindled interest across the sector. After MAX Power Mining Corp. reported significant drill results on Monday, shares of Primary Hydrogen moved higher in sympathy, closing Friday at EUR 0.7450 for a gain of 6.4 percent.

MAX Power said its Lawson 4 hole delivered the highest natural hydrogen readings recorded to date, with the well subsequently cased and cemented. The company also flagged an expansion of its programme, with a new Lawson 5 hole set to probe the so-called Genesis Trend — a geological structure stretching more than 475 kilometres from Saskatchewan into North Dakota.

The longer view stays cautious

Despite Friday's advance, the broader picture remains unsettled. Over 30 days the stock is down 42 percent, a reflection of the speculative character of early-stage exploration. The portfolio has been reshaped in recent weeks, with Wallace added about a month ago and Seagull North staked before that, yet the market has yet to reward the expansion.

Attention now settles on the October 1 spud date. Only actual drilling at Wicheeda North is likely to deliver tangible evidence for judging the company's operational progress from here.