First Atlas Resources (CSE:HHE) says Québec’s evolving natural hydrogen regulatory framework positions its Matane property strategically within the province’s emerging sector.
The company notes recent discussions surrounding Bill 17 before a parliamentary committee of the National Assembly of Québec, including presentations made by its technical adviser, Québec Innovative Materials Corp.
First Atlas believes the continuing development of a regulatory framework reflects growing interest in Québec’s potential to become a leading North American jurisdiction for natural hydrogen exploration and development.
“Developments surrounding Bill 17 reflect the growing recognition of natural hydrogen as an emerging energy opportunity in Québec. First Atlas believes its Matane property is strategically positioned within this evolving landscape,” CEO Richard Penn says.
The Matane natural hydrogen project sits in the Appalachian region of Québec.
Publicly disclosed information indicates that the region exhibits characteristics that may be favourable for natural hydrogen generation, migration, and potential accumulation.
The company engaged Québec Innovative Materials as technical adviser, based on its experience in natural hydrogen exploration and ongoing exploration activities in Québec and Nova Scotia.
First Atlas plans to advance its understanding of the Matane property through technical evaluation and exploration, as Québec develops its natural hydrogen regulatory framework.
Write to JC Villarba at Mining.com.au
Images: First Atlas Resources
