Categories: Energy
Topics: General Energy

The Green Hydrogen Race Is On

Atco Mining Inc. (CSE: ATCM)(OTC: ATMGF) — currently trading undiscovered around C$0.08 per share — has announced that RESPEC consulting has released an initial hydrogen storage capacity assessment for the newly-delineated salt structure at Atco’s 100%-owned Flat Bay salt project in St. Georges Bay Basin, Newfoundland, Canada. 

Highlights include:

Conservative case: 7 caverns providing total hydrogen storage capacity of 130,000 tonnes

Optimistic case: 14 caverns providing total hydrogen storage capacity of 250,000 tonnes

Atco Mining CEO Etienne Moshevich — whom you’re about to hear from directly in our exclusive interview — commented via press release: 

“This is a tremendous milestone to achieve with RESPEC. Being able to now have the necessary preliminary data to see how much hydrogen we can potentially store in our salt caverns is extremely important as we look to expand and build our company. If these results are accurate, Atco’s Flat Bay Salt Project has the potential to not only store significant amounts of hydrogen but also capitalize on the tremendous amount of investment that is earmarked to be spent in the area building renewable energy projects. Our goal is to position Atco as a leader in the hydrogen storage industry and these results bring us one step closer towards achieving just that.”

 Jai Duhan, Subsurface Energy Storage Consultant at RESPEC, added:

“Based on the available geological information, the Flat Bay project site can potentially hold multiple caverns providing more than 130,000 tonnes of hydrogen storage. The next steps for Atco Mining would be to drill exploratory core wells and run additional seismic surveys to confirm the depth and thickness of the salt structure. RESPEC is looking forward to continuing to assist Atco in further defining the dimensions of the salt structure and obtaining rock parameters required for determining the quality of salt.”

As you’re about to discover in our exclusive interview coming right up, this preliminary assessment by RESPEC marks an important milestone for Atco Mining in the ongoing exploration and development of its portfolio of eight 100%-owned salt projects in the St. Georges Bay Basin.

Atco’s multi-property land package spans an incredible 21,000 hectares, making ATCM one of the top salt dome exploration companies, by landholding, in the entire district. And yet, the company currently trades at a miniscule market cap of less than C$4 million; well below its peers. Much more on that in our upcoming interview.  

Additionally, all of this activity is taking place in an ultra-safe, ultra-pro-mining, tier-one mining district that’s heating up big-time with billions of investment dollars flowing in and earmarked for the development of large-scale wind infrastructure projects designed, in part, for the production of green hydrogen. 

Some of that forthcoming hydrogen production will no doubt need to be stored, with the best storage solution being large underground salt domes, or salt caverns. And hence, the immense opportunity at hand for Atco Mining and ATCM stakeholders.

Also positive is the fact that all of this is still considered very early-stage and very early-innings. 

The Atco team is working diligently on next steps in the advancement of its salt dome projects with a particular focus on the early-exploration-stage Flat Bay and Eagle prospects. And, as noted, the district’s burgeoning wind infrastructure industry is just now starting to ramp up with multiple large-scale, multibillion-dollar projects now greenlit for development with many, many more undoubtedly on the way. 

Our own Gerardo Del Real of Junior Resource Monthly absolutely loves early-stage contrarian plays such as these… and he took the opportunity to sit down with Atco Mining CEO Etienne Moshevich to discuss the latest ATCM news and the emerging opportunity at hand. Please enjoy this open and candid discussion. 

For additional information on Vancouver-based Atco Mining, be sure to contact the company’s IR department at 604-512-5624 or via email at info@atcomining.com.

Sign up to receive updates directly from the company at the Atco Mining corporate website.

Mike Fagan
Editor, Resource Stock Digest