en.Wedoany.com Reported - Primary Hydrogen Corp. (TSXV: HDRO / OTCQB: HNATF / FSE: 83W0) has initiated a non-brokered private placement, planning to issue up to 4,000,000 units at a price of US$0.60 per unit, for total gross proceeds of up to US$2.4 million.

Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of US$0.80 per share, exercisable for a period of 24 months from the date of issuance, provided that the warrants shall not be exercisable for 60 days following the closing date.

The offering is expected to close on or about July 17, 2026 (the "Closing Date"), or such other date as the Company may determine, subject to obtaining all necessary regulatory and other approvals. The net proceeds from the offering are intended to be used for general working capital and general administrative purposes. The Company may also use a portion of the net proceeds to acquire additional exploration assets, if suitable opportunities arise.

The Company may pay a cash fee of up to 6% of the gross proceeds of the offering to eligible finders who introduce investors, and issue finder warrants of up to 6% of the number of units issued in the offering. Each finder warrant is convertible into one common share at a price of US$0.80 per share, exercisable for a period of 24 months from the Closing Date.

The units are being offered by way of private placement under the listed issuer financing exemption, as supplemented by Coordinated Blanket Order 45-935, Exemption from Certain Conditions of the Listed Issuer Financing Exemption, under Part 5A of National Instrument 45-106 Prospectus Exemptions. Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the units sold under this exemption are offered to residents of all Canadian provinces and territories (excluding Quebec), and these securities are expected to be freely tradable immediately, without any holding period restrictions under applicable Canadian securities laws.

Offering documents relating to this offering are available under the Company's profile on www.sedarplus.ca. The Company's website is www.primaryh2.com.

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