Hyterra Ltd has opted to increase its 100% owned and operated land holding in the Nemaha Ridge in the central United States to 9,486 acres following promising geophysical survey results in the surrounding area.
HYT engaged Nordic Geoscience, a specialist geophysical consultancy, to undertake and interpret airborne gravity gradiometry and magnetic data over the prospective hydrogen project, which it has used to target its acquisition strategy in the area.
US hydrogen projects
Hyterra now holds interests in two hydrogen projects in the US.
The Nemaha Ridge project is fully owned and operated by HyTerra, representing an early-mover advantage in pegging natural hydrogen-prospective land in the Mid-West of the US, which is quickly becoming a hotspot for exploration.
The company believes the area is particularly promising, as it holds a known hydrogen source in the form of the Midcontinent Rift, and sits directly adjacent a major structural high (Nemaha Ridge) providing a focus for hydrogen migration and trapping.
HYT is targeting a fast, low-cost exploration strategy for the project, supported by a competitive drilling industry and supportive regulatory frameworks in the region.
Importantly, the project also enjoys proximity to markets, with existing mid-stream infrastructure providing access to potential offtake destinations.
HYT also owns a 13% working interest in Project Geneva, where Natural Hydrogen Energy LLC and HYT are assessing options for a planned Joint Development and Earn-In Agreement.
HyTerra is awaiting the provision of key data from the operator (Natural Hydrogen Energy LLC) to make a joint decision on flow testing operations, the work program going forward and the future of this project for the company.