RCS - GETECH Group plc - Hydrogen and Helium Contract Wins

GetechAnnouncement

26/11/2024 07:00

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RNS Number : 5829N  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:  0113 322 2200

 Cavendish Capital Markets Limited

 Neil McDonald / Pete Lynch (Corporate Finance)   Tel:  0207 397 8900

 Michael Johnson / Dale Bellis (Sales)

 Novella Communications                           Tel: 0203 151 7008
 Tim Robertson / Safia Colebrook
 getech@novella-comms.com

 

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 (http://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
(http://www.Kingfisherenergy.ca) .

 

 

 

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