Primary Hydrogen Readies Wicheeda North Drill Test as Rare-Earth Anomalies Take Shape
Published on 09/19/2026 at 21:40 | Editorial boerse-global.de
A pair of high-priority rare-earth targets at Wicheeda North in British Columbia has moved to the centre of Primary Hydrogen's exploration agenda, with soil sampling having flagged the strongest values yet recorded in the project's dataset. The two zones, designated Grid A-South and Grid D-South, will now be probed from the air before any drill bit turns.
Precision GeoSurveys has been contracted to fly a radiometric survey spanning 738 line-kilometres over the property. The campaign is slated to wrap up on 20 September, with preliminary interpretations expected before the month is out. Permits are in hand and the work is fully funded.
First-Ever Holes Slated for October
Once the airborne data is in, Primary Hydrogen intends to launch the maiden drilling programme in Wicheeda North's history. Radius Drilling Corp. has been engaged to complete roughly 1,500 metres, with spudding set for 1 October and all holes expected to be finished by 1 November. The programme carries both the necessary approvals and secured financing.
Should investors sell immediately? Or is it worth buying PRIMARY HYDROGEN?
The operational momentum has unfolded alongside a broader corporate overhaul. Shareholders delivered their verdict at the annual general meeting on Tuesday, and the summer months brought a reshuffling of the leadership team. David Jackson stepped into the President and Chief Executive Officer roles, succeeding Benjamin Asuncion, who stays on as a Director. Christopher Longton has overseen exploration as Vice President Exploration since late July.
Nova Scotia Portfolio Takes Shape
Beyond British Columbia, the company has been building out its natural hydrogen footprint on Canada's east coast. The Wallace project in Nova Scotia was secured roughly three weeks ago, following the staking of the Northumberland project on 17 August — two licences covering about 1,166 hectares along the northern rim of the Cumberland Basin.
Against that backdrop of corporate and operational activity, the share price has had a rough stretch. Primary Hydrogen closed Friday at EUR 0.7450, a single-day decline of 9.2%, with no company-specific news behind the move. Over the past 30 days the stock has shed 26%.
The weakness mirrors a broader chill across junior resource and exploration names. Media reports point to geopolitical tensions surrounding the Iran conflict weighing on risk appetite, with rising oil prices and climbing bond yields dragging major equity indices lower as investors trim exposure to speculative positions. For smaller explorers, that macro environment adds an extra layer of headwind — capital in unsettled periods tends to gravitate toward established assets.
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