REV Targets Entry Into American Market with LOI to Acquire Properties in Montana

The most recent news release (February 4, 2026) announces that REV Exploration Corp. (REVX) has signed a non-binding Letter of Intent (LOI) to acquire oil and gas leasehold interests in the Sweet Grass Hills area of Montana, USA. This acquisition would nearly quadruple REV’s total landholdings from 4,845 acres to approximately 18,998 acres. The consideration for the deal is USD $250,000 in cash and USD $300,000 in common shares. This follows the January 23 appointment of Steve Halabura as Lead Technical Advisor, a specialist in helium and natural hydrogen.

The impact is Material - Positive for several reasons: - Scale: Quadrupling the land package provides a significant "sandbox" for exploration in a high-potential geological trend (Northern Great Plains). - Strategic Alignment: This move shifts REVX from a Canadian-only explorer to a cross-border player, directly following its recently hired technical leadership's expertise. - Validation: This expansion comes immediately after a massive $5.8 million capital infusion led by Eric Sprott. The ability to deploy capital quickly into land acquisitions suggests management had these targets vetted prior to financing. - Cost Efficiency: The acquisition cost (~$550k USD for ~14,000 acres) appears low relative to the company's new treasury, representing a disciplined entry into the US market.

REV Exploration Corp. (formerly Gitennes Exploration) has pivoted from traditional gold exploration to a focus on Natural Hydrogen and Helium. - Flagship Project: Aden Dome (Alberta/Montana border). It is a drill-ready prospect targeting naturally occurring hydrogen (NOH) and helium in the deeper basal Cambrian sandstone and basement complexes. - Secondary Focus: The JMW and Maxwell Gold properties in the Chibougamau Gold Camp, Quebec (~52,000 hectares). The company is leveraging record-high gold prices to advance these assets in parallel with the hydrogen strategy.