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Primary Hydrogen cuts private placement size to raise $1.48M for working capital and exploration.

Company Fundamentals
23 Jun 2026
Newsfile Corp
View Source
Neutral
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Primary Hydrogen Corp. has reduced its non-brokered private placement from 4.2 million to about 2.46 million units, aiming to raise up to $1.48 million at $0.60 per unit. Each unit includes one common share and one warrant exercisable at $0.80 within 24 months, with a 60-day exercise delay. The funds will support general working capital, administrative costs, and potentially new exploration property acquisitions. The offering is expected to close around July 17, 2026, pending regulatory approvals, and may include finder fees and warrants for eligible introducers. This financing move supports the company's ongoing development of natural hydrogen resources across its projects in Canada and the U.S.

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