Cruz Battery Metals (CSE:CRUZ) has acquired the 5,000-acre South Advocate Hydrogen Project in Canada, which directly broadens Québec Innovative Material’s projects in Nova Scotia.
The company is currently planning to start a work program on the project as soon as possible.
President James Nelson says hydrogen explorers are experiencing a surge of investor attention.
“Over the past year, the share price of Québec Innovative Materials has gone from a low of C$0.12 to a high of C$2.37 on 10 March 2026,” Nelson says.
“Cruz now joins other companies such as Rio Tinto (ASX:RIO) and, according to the financial post, Koloma, a Denver-based natural hydrogen company backed by investors including Jeff Bezos and Bill Gates through their respective venture funds, as recent entrants into this emerging hydrogen exploration hub.
“Hydrogen is expected to play a major role in the global transition to cleaner energy as industries like steel, shipping, and aviation seek low-carbon fuels, demand for hydrogen could grow rapidly, potentially benefiting companies positioned in the sector. The company is very optimistic about the growth prospects for the remainder of 2026 with multiple potential catalysts on the horizon.”
Earlier this month, Québec completed a discovery hole at its West-Advocate Hydrogen Project in Nova Scotia.
Drilling intersected a persistent hydrogen-bearing system beginning at 505m, where visible gas was observed at the drill head and well water returned headspace hydrogen concentration that exceeded the detection limits of the company’s GA5000 gas analyser.
Hydrogen concentrations remained elevated to the end of the hole, confirming that the system remains open at depth as drilling advances, with hole 2 targeting structural zones to the north-west.
Cruz Battery Metals is a battery metals-focused and hydrogen explorer focused on its portfolio of assets across Canada and the US.
Write to Aaliyah Rogan at Mining.com.au
Images: Cruz Battery Metals
