Hydrogen and Helium Contract Wins

GETECH Group plc

26 November 2024

 

26 November 2024

Getech Group plc

("Getech" or the "Company")

Contract Wins

Getech to Support Kingfisher in exploring for Hydrogen and Helium Accumulations

Getech, a world-leading locator of subsurface resources, is pleased to announce from the Paris H-NAT 2024 natural hydrogen conference that it has won two contracts with Kingfisher Energy Corporation, ("Kingfisher"), the private international exploration company, to locate natural hydrogen and helium accumulations in Canada. Initially focused on North America, Kingfisher has narrowed its search over the last year to a previously overlooked exploration fairway in Canada with significant hydrogen and helium potential.

Getech was approached by Kingfisher to deploy its gravity and magnetics capabilities and geoscience understanding to analyse this region and add to Kingfisher's own technical expertise and access to local data. The contracts have commenced and the two companies are working successfully together with a series of potential project areas for both hydrogen and helium already identified.

Over the coming months, Getech will continue to conduct a comprehensive data-led analysis of the key areas of interest, leveraging its subsurface focussed artificial intelligence (AI) capabilities. Ultramafic rock formations with potential hydrogen deposits show up particularly well in magnetic and gravity data maps. Getech has substantial magnetic and gravity data, and uses this to provide structural mapping, depth-to-basement and basement composition analysis alongside highly sophisticated machine learning techniques to locate prospective areas for commercial hydrogen and helium accumulations. The insights from Getech's analysis will significantly accelerate Kingfisher's process to select prospective areas.

Investor interest in natural hydrogen and helium is growing across the globe. Reflecting this trend, Kingfisher anticipates expanding its exploration strategy for both resources and, to support this, Getech and Kingfisher have also signed a strategic collaboration agreement to facilitate extending the working relationship beyond Q1 2025.

Richard Bennett, CEO at Getech, commented:

"We are delighted to be working with the Kingfisher team. Hydrogen and Helium are nascent industries, but we are becoming increasingly well placed in both markets. Made possible by our industry leading gravity and magnetic data set that covers the whole globe coupled to our market leading interpretation capabilities. This is a significant commercial advantage and one we will bring to bear to support Kingfisher commercialise their exploration objectives."

Brian Glover and and Murray Rodgers, Co-Chair/CEO's at Kingfisher, commented:

"With Getech's world-class geoscience solutions and their track record in resource exploration, we are well-positioned to advance our natural hydrogen and helium projects. This collaboration strengthens our ability to deliver on our commitment to pioneering clean energy solutions in North America."

Getech Group plc Richard Bennett, CEO	Tel:  [phone]
Cavendish Capital Markets Limited Neil McDonald / Pete Lynch (Corporate Finance) Michael Johnson / Dale Bellis (Sales)	Tel:  [phone]
Novella Communications	Tel: [phone]
Tim Robertson / Safia Colebrook
[e-mail]

Notes to editors:

About Getech

Getech is a leading locator of the energy and mineral resources essential for the world's energy transition. Getech's unique data encompassing the most recent 400 million years of Earth's evolution, coupled with its geoscience expertise, AI-driven analytics and extensive GIS capabilities, enables the company to provide valuable and actionable insights to support resource discovery and development.

The company's client portfolio is wide-ranging, from governments, municipalities, natural resources and energy companies to consumer goods and computing services companies, all striving to become energy and minerals self-sufficient and drive towards net zero.

Founded in 1994 Getech is listed on the Alternative Investment Market of the London Stock Exchange ("AIM"), with ticker symbol GTC.

For further information, please visit www.getech.com.

About Kingfisher

Kingfisher Energy Corporation is a private international exploration company incorporated in Alberta, Canada in 2022, and is on a mission to become a leading producer of helium and hydrogen. Kingfisher's goal is to leverage its extensive experience in global exploration projects, and with its world-class technical partners, secure large, but technically delineated acreage holdings, executing projects with a strong commitment to ecological responsibility and community engagement.  

Our global exploration expertise combined with on-the- ground operating excellence in Canada, the US, Europe, Africa, and Asia uniquely qualifies us to excel in this burgeoning industry. With an initial focus on North America, Kingfisher has identified a previously overlooked exploration fairway in Canada with significant hydrogen and helium potential.

For further information, please visit www.Kingfisherenergy.ca.

 

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