South-east Alaska, USA
Union Bay Project
A 167-hectare property in an ultramafic belt in south-east Alaska, vended to 1508260 B.C. Ltd., a private hydrogen and critical minerals company.
At a glance
- Ownership
- Vended to 1508260 B.C. Ltd. (“150 BC”), a private hydrogen and critical minerals explorer and development company
- Acquisition
- Acquired as part of the Q2 2025, CAD$150,000 acquisition from Granite Creek Copper
- Disposition terms
- 2.750 million shares of 150 BC, of which 2.250 million were to be received as at April 30, 2025; and USD $175,000, of which USD $125,000 was to be received as at April 30, 2025
- Area
- 167 hectares (413 acres)
- Location
- South-east Alaska, 50 km from Ketchikan, adjacent to tidewater
Location
- Located in a well-known ultramafic belt in south-east Alaska.
- 50 km from Ketchikan, which has an available industrial base.
- Adjacent to tidewater.
- 167 hectares (413 acres).
Geology
- Underlain by ultramafic geology of the kind needed to stimulate hydrogen in the subsurface.
- Laboratory studies have shown that water injected into ultramafic rock with contained heat greater than 100 °C will generate hydrogen.
- The Union Bay area has a mapped heat gradient greater than 50 °C per 1,000 m.
Maps and figures
This page contains forward-looking information. Statements about plans, potential products, testwork and development are subject to risks and uncertainties. See Forward-looking statements.
