02:05 PM EDT, 06/30/2025 (MT Newswires) -- Primary Hydrogen ( HNATF ) on Monday rose 11% after it closed a non-brokered private placement for proceeds of $1.7 million and after receiving approval from TSX Venture Exchange in respect of its property option agreement dated May 21, with Power One Resources.

The company had issued 2.6-million flow-through units at $0.48 per FT unit and 1.3-million non flow-through units at $0.40 per NFT unit. Proceeds from the sale of the NFT units are intended to be used for general working capital and corporate purposes and proceeds from the sale of the FT units are intended to be used to incur Critical Mineral Canadian Exploration Expenses.

Primary Hydrogen ( HNATF ), under the option agreement, can buy up to a 75% interest in the Wicheeda North project in British Columbia. The company has paid Power One $40,000 and will be issuing to it 125,000 shares priced at $0.45 and 125,000 three-year warrants to buy a Power One share for $0.90.

Shares of the company were last seen up $0.04 at $0.39 on the TSX Venture Exchange.

Price: 0.39, Change: +0.04, Percent Change: +11.43