Primary Hydrogen Completes Non-Brokered Flow Through Private Placement

Primary Hydrogen Corp. (TSXV: HDRO) (the "Company" or "Primary") is pleased to announce that it has completed its previously announced non-brokered private placement (the "Private Placement") of 1,875,000 units of the Company ("FT Units") at a price of $0.40 per FT Unit to raise proceeds of $750,000.

Each FT Unit consists of one common share of the Company (a "FT Share") issued as a "flow-through share" within the meaning of within the meaning of the Income Tax Act (Canada) and one half of a common share purchase warrant (each whole warrant, a "Warrant") each of which is exercisable to acquire one common share for 18 months following closing at an exercise price of $0.55.

Proceeds from the Private Placement will be used to incur "Canadian exploration expenses" as defined in subsection 66.1(6) of the Income Tax Act (Canada) on the Company's properties. All securities issued pursuant to the Private Placement are subject to a statutory four month hold period expiring on April 21, 2025.

Primary Hydrogen Corp. | https://primaryh2.com/