TLDR Primary Hydrogen stakes 72 claims in Nova Scotia’s Cumberland Basin. HNATF shares rise 2.94% after Northumberland Project staking news. New claims sit near Kavenex Energy’s partnership w
Primary Hydrogen (HDRO.V) shares climbed to $1.0800 on Monday, gaining 2.94% during trading. The rally followed news that Primary Hydrogen staked the Northumberland Natural Hydrogen Project in Nova Scotia. Primary Hydrogen now controls two exploration licences totalling 72 claims across roughly 1,166 hectares.
Primary Hydrogen Corp., HDRO.V
The Northumberland Project sits along the Cumberland Basin’s northern margin. It comprises licences 58173 and 58174, covering ground between Northport and Pugwash. The site fronts the Northumberland Strait and offers road access via Route 6.
Primary Hydrogen acquired the land through Nova Scotia’s NovaROC staking system. The claims adjoin a licence block linked to Kavenex Energy and Koloma Inc. Koloma has raised more than $400 million from major backers.
CEO David Jackson called the staking an asymmetric entry at low cost. He noted that strong drill readings across the basin drew competition for land. Primary Hydrogen therefore moved quickly to secure its northern margin position.
Nova Scotia issued 814 exploration licences in 2025, nearly double the prior year’s total. New claims concentrated heavily in Cumberland County during that period. The province also passed dedicated hydrogen exploration rules in April 2026.
Quebec Innovative Materials Corp. reported a 16.0% hydrogen reading at Bennett Hill in June. It also reported a 10.77% reading at West-Advocate back in May. First Atlas Resources separately reported elevated soil-gas readings near Springhill.
These results come from neighboring properties, not from Primary Hydrogen’s own claims. The company has not independently verified figures reported by other issuers. Still, the readings underline growing exploration momentum across the wider basin.
Primary Hydrogen plans data compilation and structural interpretation this season. A soil-gas orientation survey will follow across the newly staked claim block. Results from that work will guide future drill-target selection.
Management expects the Northumberland position to strengthen the company’s broader exploration portfolio. Primary Hydrogen will provide updates as fieldwork progresses through the season. The company positioned itself early, adjoining one of the basin’s best-funded projects.
Shares of Primary Hydrogen closed the session near a fresh daily high. The 2.94% gain reflects renewed market attention following the staking announcement. Momentum in the Cumberland Basin appears likely to continue building this year.
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