80 Mile Share Discussion Threads

[davemac3] 24/9/2024 11:30

further exploration at Dundas drags it out a few more years. If it's that good why doesn't some mining giant buy them out or do a joint development agreement.

[dicko80] 12/9/2024 08:16

Yes lots of money being thrown at exploring for the white hydrogen , potential to “save the world”, so much is the importance of white hydrogen there is a bank in the EU that gives funding to explore

European hydrogen bank



If you refer to previous announcements as JAY it refers to EU partners funding

[adamstip] 12/9/2024 07:57

Skip NavigationBill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentumPublished Thu, Sep 12 20241:11 AM EDTUpdated An Hour Ago?Sam Meredith@in/samuelmeredith@smeredith19Koloma, a U.S.-based startup backed by billionaires Bill Gates and Jeff Bezos, says it wants to use expertise that has traditionally served the fossil fuel industry to power a global gold rush for buried hydrogen.Geologic hydrogen - sometimes known as white, gold or natural hydrogen - refers to hydrogen gas that is found in its natural form beneath Earth's surface.A dramatic upswing in the number of companies actively searching for geologic hydrogen deposits in recent years prompted analysts at Rystad Energy to describe the pursuit as a "white gold rush."?The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023.Nurphoto | Nurphoto | Getty ImagesKoloma, a U.S.-based clean fuel startup backed by Bill Gates and Jeff Bezos, says it wants to use expertise that has traditionally served the hydrocarbon industry to power a global gold rush for buried hydrogen.It comes as buzz continues to build over the clean energy potential of geologic hydrogen, a long-overlooked resource that advocates say could play a pivotal role in the shift away from fossil fuels.Geologic hydrogen - sometimes known as white, gold or natural hydrogen - refers to hydrogen gas that is found in its natural form beneath Earth's surface. It is thought to be produced by high-temperature reactions between water and iron-rich minerals.Pete Johnson, CEO and co-founder of Koloma, told CNBC that geologic hydrogen is fundamentally an exploration and production business."We can use expertise and service providers that have traditionally served the oil, gas, and mining industries and quickly put them to work in driving the discovery of carbon free-resources. Leveraging and modifying what already exists will allow us to mature the industry faster," he said.Based in Denver, Colorado, Koloma has raised more than $305 million since it was founded just a few years ago, the company told CNBC.The startup's backers include U.S. venture capital firm Khosla Ventures, Amazon's Climate Pledge Fund, United Airlines and Breakthrough Energy Ventures, a climate and technology fund founded by Bill Gates in 2015.In turn, Breakthrough Energy's investors include Bridgewater Associates' Ray Dalio, Virgin Group's Richard Branson and Alibaba's Jack Ma.A potential 'gamechanger'A dramatic upswing in the number of companies actively searching for geologic hydrogen deposits in recent years prompted analysts at Rystad Energy to describe the pursuit as a "white gold rush."The consulting firm said in a research note published in March that the hype stems from hopes the previously neglected resource could be a "gamechanger" in the energy transition.Exploratory efforts for the low-carbon energy source are currently underway in the U.S., Canada, Australia, France, Spain, Colombia, South Korea and others.As with any exploration business and any new technology, there are still many challenges for us to overcome to unlock geologic hydrogen's potential.Pete JohnsonCEO of KolomaKoloma's Johnson said that, as the industry has "picked up momentum and attention," there's also been a sharper focus on what he described as the "intrinsic benefits" of geologic hydrogen as a primary energy source - rather than a derivative one.A primary energy source, such as coal, oil, wind or solar, refers to a natural energy source that has not been altered or converted."Geologic hydrogen should have a very low carbon impact, but also a tiny land footprint and very low water impact," Johnson said.?Gauges that are part of the electrolysis plant of the geological hydrogen H2 storage facility.Alex Halada | Afp | Getty ImagesAsked about the outlook for the rapidly emerging industry, Johnson said that untapped geologic hydrogen resources in the U.S. could play a significant role in the country's decarbonization efforts."Russia and Ukraine were both large exporters [of] hydrogen-derived ammonia, the building block of most modern fertilizer products, and since their conflict began the world has become more aware of the importance of a domestic ammonia supply," Johnson said."Geologic hydrogen resources in the U.S. will allow us to scale up our domestic ammonia production and become a net exporter, even as we dramatically drop the carbon footprint of the products," he added.Challenges aheadHydrogen has long been billed as one of many potential energy sources that could play a significant role in the energy transition, but most of it is produced using fossil fuels such as coal and natural gas through a process that generates significant greenhouse gas emissions.It's within this context that momentum has been growing over the potential of geologic hydrogen.Geoffrey Ellis, a research geologist at the Energy Resources Program of the U.S. Geological Survey (USGS), told CNBC earlier this year that there could be a vast amount of naturally occurring hydrogen buried in underground reservoirs around the world.Ellis said that just a small percentage of geologic hydrogen recovery might well be enough to supply all the projected demand for 200 years.The construction site of a plant for the production of hydrogen in Germany. Picture Alliance | Picture Alliance | Getty ImagesNot everyone's convinced about it's clean energy potential.The Hydrogen Science Coalition, a group of academics, scientists and engineers seeking to bring an evidence-based view to the role of hydrogen in the energy transition, said in a blog post published on March 14 that geologic hydrogen discoveries currently supply the world with less daily energy than does a single wind turbine.What's more, the coalition says there are environmental concerns about the extraction process, and transportation and distribution challenges mean geologic hydrogen is not likely to be found where it is most needed.Koloma's Johnson said that, while that are still many roadblocks to overcome, the company is "very well capitalized, which allow us to take on these challenges the right way, thoughtfully and patiently.""Koloma is fortunate to have backing from diverse investors - some who are more focused on the technology and data advantages [that] Koloma is building, some who see the massive potential returns of large resource discovery, and others who are most enthusiastic about taking positions around cost advantaged low carbon derivate products that can use geologic hydrogen," Johnson said."As with any exploration business and any new technology, there are still many challenges for us to overcome to unlock geologic hydrogen's potential," he added.

[cat33] 11/9/2024 15:08

Huge potential here https://oilman.beehiiv.com/p/oilman-jims-letter-september-11-2024Worth reading

[dicko80] 09/9/2024 09:57

According to the August RNS they were in talks for non dilutive financing with potential partners , As they state today now looking to accelerate operations ,so at a mkt under £5m with potential near term drilling , compared to their peers offers near term upside

plus the company have a number of other projects ,example disko JVpartner to spend $12m on drilling which is expected in early 25

The placing churn offers opportunity at these levels

[smackeraim] 09/9/2024 08:27

Decent start to the new story as 80M. lets see what's next

[dicko80] 09/9/2024 08:20

Took some more

[the count of monte_cristo] 09/9/2024 08:02

The market will start drinking some of your lemonade.

[lemonadestand1] 09/9/2024 07:55

Wait till the market wakes up we are in for a ride

[dicko80] 09/9/2024 07:48

10.7% helium at surface is quite outstanding

That's 107,000ppm when normal background helium is just 5ppm

Took some at .34/35

[the count of monte_cristo] 09/9/2024 07:17

That's your best geological and technical answer? :))

Show us something better than that. Come on.

[tomboyb] 09/9/2024 07:12

Volume 57mill in 12mins -

[blakesmith] 09/9/2024 07:10

Look at it

[the count of monte_cristo] 09/9/2024 07:08

Sour grapes there Blakesmith, can you articulate your opinion better than through basic swear words?

Back up your negative words and explain how you think early stage exploration work should be done by a company.

If not, then you have nothing to say of any interest to anyone.

[the count of monte_cristo] 09/9/2024 07:05

Indeed, the Outokumpu belt is also large so any commercial discovery could result in multiple commercial areas along the belt.

Early days yet, but so far so good.

Additionally, the Jameson Greenland project looks very interesting.

[bri15] 09/9/2024 06:24

Plus we have mining licences on valuable metals as well, what's not to like here.

[bri15] 09/9/2024 06:22

HE1 flowed less than 5%,ok it was after drilling,but our discovery looks bloody good to me,HE1 £50million market cap,us, considerable less,time to catch up.

[bri15] 09/9/2024 06:16

Brilliant RNS,HE1 discovery was lower percentage than ours, plus they are one trick pony,yet they have far greater market cap,I believe we are all going to get rich with this company,just hold on to them shares people.

[davemac3] 09/9/2024 06:07

Yawn, how about actually mining something?

[the count of monte_cristo] 09/9/2024 03:14

All we need is one drill assay result to confirm a story of the potential...

The management know this, which is why they have been giving themselves shares, participating in the fund raisings and buying stock in the open market to fill their boots ahead of time.

[bri15] 08/9/2024 15:49

I like your 3 part history lesson, could one day be us,and we are definitely in the right area.