Protium signs LOI to acquire Lake Timiskaming project

Executive Summary

• Protium Clean Energy Corp. has entered into a Letter of Intent to acquire a 100% interest in the Lake Timiskaming natural hydrogen project from private vendors.
• The transaction involves an initial cash and share payment of $20,000, followed by further share issuances and cash payments upon signing a definitive agreement, contingent on CSE approval.
• The project consists of 102 mineral claims (approx. 3,800 hectares) located adjacent to Quebec Innovative Materials Corp.'s significant natural hydrogen discovery, targeting favorable geological structures for hydrogen migration and storage.

Key Details

• Transaction Structure: Letter of Intent dated Sept. 9, 2025, to acquire 100% interest in the Lake Timiskaming natural hydrogen project.
• Initial Consideration: $10,000 cash and $10,000 in common shares issued upon execution of the LOI.
• Definitive Agreement Consideration:
  • $20,000 cash payment upon signing.
  • $200,000 in common shares issued within 10 days of signing.
  • Share price determined by the 20-day volume-weighted average trading price.
• Exploration Commitment: Minimum $100,000 in exploration expenditures required within 12 months of signing the definitive agreement.
• Regulatory Condition: Subject to approval by the Canadian Securities Exchange (CSE).
• Asset Details:
  • 102 mineral claims covering approximately 3,800 hectares.
  • Located on the Quebec shoreline of Lake Timiskaming.
  • Adjacent to Quebec Innovative Materials Corp. (QIMC) and extends into the Quebec side of the lake above the deepest sections of the Timiskaming graben.
• Geological Context:
  • Situated in a rift corridor defined by major fault systems (West Shore, Cross Lake, and Banche River faults) potentially acting as conduits for mantle-derived hydrogen.
  • Features active rift faulting, porous sedimentary rocks for migration/storage, Archean basement rocks capable of generating hydrogen via serpentinization, and Paleozoic cover sequences for sealing/trapping.
• Strategic Rationale: Leverages proximity to QIMC’s confirmed significant hydrogen anomalies (free gas >2%, shallow well hits >7,000 ppm) to validate the prospectivity of the structural system.
• Planned Activities: Initial exploration planned for fall 2025, including geological compilation, geochemical sampling, geophysical surveys, and data reprocessing to prioritize targets for future drilling.

Notable Quotes

• "Momentum is building in the Lake Timiskaming basin, which is now recognized as one of the most prospective natural hydrogen districts in North America... Our 100-per-cent-owned project lies immediately adjacent, positioned directly over the deepest rift sections where these same fault structures extend. We believe our ground could host part of the same structural hydrogen system, and we are excited to begin advancing exploration this fall." — Marc Branson, CEO