REG - GETECH Group plc - Formation of Hydrogen JV

GetechAnnouncement

25/06/2025 07:02

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RNS Number : 2597O  GETECH Group plc  25 June 2025

25(th) June 2025

Getech Group plc

("Getech" or the "Company")

 

Formation of Moroccan Hydrogen and Helium Exploration Joint Venture to
Follow-Up on Successful Screening Study

 

Getech, a world-leading locator of subsurface resources, is pleased to
announce incorporation of a subsidiary, HyMaroc Limited, jointly and equally
owned with Sound Energy plc ("Sound Energy"), the transition energy company.

 

On 28 October 2024 both Getech and Sound Energy announced entry into an
Exploration Collaboration Agreement (the "Agreement").  Pursuant to that
Agreement, the parties are collaborating to explore for natural hydrogen and
helium in Morocco. The initial phase of the Agreement comprised a regional
screening study to identify areas of potential interest for more detailed
assessment by the parties.

 

Getech is pleased to report that the regional screening study has been
completed and has identified areas of significantly elevated favourability for
natural hydrogen and helium occurrence sufficient to warrant further study.
Getech and Sound Energy incorporated the subsidiary HyMaroc Limited to
negotiate jointly exclusive rights for the exploration and exploitation of
hydrogen and helium resources in Morocco, progressing towards necessary
geophysical and drilling activities to unlock potential deposits.

 

Max Brouwers, CBDO at Getech commented:

"Getech's unique hydrogen and helium exploration workflows are built on the
twin foundations of our hugely valuable global geophysics data and our ability
to understand and model the genetic factors involved in their formation;
categorising the geological model into sources, migration paths, reservoirs,
traps and seals in much the same way as the petroleum industry has
successfully done for many decades.

 

The establishment of the Joint Venture company together with Sound Energy is
the logical next step in our search for these resources in Morocco. It
leverages and enhances our leading exploration capabilities in this emerging
sector and keeps all commercial options open while requiring no material
expenditure commitments. Our next steps are to conduct more detailed
local-scale studies on potential in-place resources and secure acreage."

 

For further information, please contact:

 Getech Group plc

 Chris Jepps, CEO                                 Tel:  0113 322 2200
 Michael Covington, Chairman

 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 subsurface resources essential for the world's
energy security and sustainable transition. The Company combines unique
geoscience expertise, AI-driven analytics, and extensive geospatial insight to
identify new energy and mineral resources and streamline exploration
processes. Serving clients across corporates, government and regulators in a
wide range of industries, Getech is committed to enabling energy and mineral
security while supporting a shift towards low carbon sources.

 

Background

Morocco is emerging as a highly prospective market for natural hydrogen
exploration, thanks to its favourable geological conditions and strategic
location. The country's extensive onshore basins, rich in subsurface
resources, are prime candidates for natural hydrogen discoveries. Morocco's
commitment to renewable energy and its supportive regulatory framework further
enhance its role as a key player in the global energy transition.

 

Natural (sometimes also referred to as "white", "native" or "geologic")
hydrogen has the potential as a future disruptor in energy markets,
undercutting green and other low-carbon hydrogen energy sources, at an
estimated cost of around $1 per kilogram.

 

Helium, crucial across sectors such as medical, electronics, aerospace,
nuclear and telecommunications, is considered a "critical raw material" by the
USA, EU, and Canada due to its irreplaceable nature. Helium and natural
hydrogen are often found in the same reservoirs, significantly boosting the
economic potential of such discoveries.

 

END

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