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Vema Hydrogen and First Atlantic Nickel partner to develop low-carbon hydrogen at Newfoundland's Pipestone XL project

Market News
08 Jun 2026
GlobeNewsWire
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Bullish
pluang ai news

Vema Hydrogen and First Atlantic Nickel & Cobalt have signed a non-binding Letter of Intent to form a 50/50 joint venture to produce low-carbon Engineered Mineral Hydrogen (EMH) at the Pipestone XL project in Newfoundland. This collaboration aims to integrate hydrogen production with First Atlantic's nickel-cobalt mining operations, leveraging the region's ultramafic rock formations rich in awaruite, a nickel-iron-cobalt alloy. The project could supply clean hydrogen for local industrial use and export, reducing reliance on traditional fuels and enhancing regional energy resilience. The partnership also seeks to create a scalable model for combining critical mineral development with clean hydrogen production across North America.

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