08:15 AM EDT, 06/27/2025 (MT Newswires) -- Squatex Energy and Resources (SQX.CN) overnight Thursday said it has launched its exploration strategy for natural hydrogen as the company seeks to diversify its activities.

The company said its research will begin in Quebec and that it plans to expand its expertise elsewhere in Canada and in Africa.

Squatex said its team will focus on exploring for deep mafic and ultramafic rocks, which are potential sources of hydrogen.

"We have been monitoring the development of natural hydrogen for several years and believe the time has come for Squatex to diversify its activities," said Jean-Claude Caron, Squatex's president and CEO. "Geological hydrogen is a natural fit with our experience of over 20 years of work and our previous exploration successes."

Squatex said it is also targeting other raw materials including rare earths, thorium, chromium, titanium, zinc and cobalt.

The company's share price climbed 12.5% on Thursday to $0.045 on the CSE.