Gold Hydrogen is a leading natural hydrogen exploration company focused on unlocking the potential of natural hydrogen and helium resources. With the largest holdings of exploration-ready acreage in the industry, Gold Hydrogen is committed to developing natural hydrogen as a clean, sustainable energy source. The company stands out as the market leader with the highest market capitalization and is the only publicly traded company to have already drilled two exploration wells where it has confirmed high purity hydrogen and helium. New wells are planned in 2025. Gold Hydrogen’s early successes position it at the forefront of the natural hydrogen sector.

MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FSE: 89N) has confirmed Canada's first-ever drilling discovery of a Natural Hydrogen system in the heart of the 475-km-long Genesis Trend in Saskatchewan (refer to Jan. 16, 2026 NR). Resource modelling and estimation commence shortly, followed by a confirmatory well to test commercial viability. The Genesis Trend, hosting dozens of Natural Hydrogen prospects within a prolific geological setting for Natural Hydrogen accumulations, lies adjacent to an industrial corridor where demand for hydrogen is strong. Genesis forms a key part of MAX Power's Canada-leading 1.3 million permitted acres for Natural Hydrogen exploration and development in a globally top tier resource jurisdiction.  

Geologic or white hydrogen is a renewable resource made naturally by the Earth. Its potential as a low-carbon feedstock or fuel has spurred millions in new investment and created a world rich with opportunities for first movers. HyTerra was the first company to list on the ASX with a focus on white hydrogen. It potentially has much lower production costs and carbon emissions than man-made hydrogen. Their Nemaha Project in Kansas, USA holds 72,500 acres of owned and operated leases across the emerging Nemaha High natural hydrogen and helium play fairway. 

Element One Hydrogen and Critical Minerals is an exploration company pioneering a tripartite approach that combines the emerging field of geologic hydrogen exploration with critical minerals extraction and carbon sequestration.

QI Materials Corp. (CSE: QIMC | OTC: QIMCF | FSE: 7FJ) is advancing a portfolio of natural hydrogen projects across Canada and the United States, providing a domestic solution to one of the most critical energy inputs for the AI and data-centre revolution. With active projects in Nova Scotia, Quebec, Ontario, and Minnesota, the Company is strategically positioned to supply clean, naturally occurring hydrogen from North American sources—reducing reliance on imported energy and strengthening national energy security.

REV Exploration Corp. (TSXV: REVX) is a North American-focused resource company advancing a strategic portfolio of helium and natural hydrogen assets across the Northern Great Plains. The Company combines direct exploration with targeted acquisitions to build scalable energy opportunities in emerging low-carbon sectors. With land positions in Montana and Alberta, including drill-ready prospects, REV is positioned to benefit from growing demand for secure energy and industrial gases. The Company also maintains strategic exposure to the sector through its investment in MAX Power Mining, enhancing its leverage to natural hydrogen development and long-term value creation.

Thor Energy PLC (ASX / AIM: THR) is a leading exploration company focused on natural hydrogen and helium, with a significant footprint in the highly prospective South Australian region. Their portfolio includes a granted exploration license, as well as multiple maturing applications. In addition to their clean energy focus, Thor Energy maintains a diversified portfolio of strategic metals projects (uranium, copper, Nickel, Tungsten, lithium, and gold) across Australia and the USA, offering investors exposure to a range of key commodities.

Thor is listed on the Alternative Investment Market (AIM) in London and the Australian Stock Exchange (ASX) under the ticker “THR”. Thor is also listed on the OTC Exchange in New York under the ticker “THORF”.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

Getech is a leading provider of subsurface and geospatial insight for the natural resources sector. We bring together unique global earth science data, advanced analytics, and recognised geospatial expertise to help organisations find and manage the resources that underpin the world’s evolving energy and minerals landscape. From exploration teams searching for new opportunities to governments stewarding national subsurface assets, customers rely on Getech to illuminate what lies beneath the surface and to guide decisions in uncertainty-rich environments.

Prominence Energy Ltd (ASX: PRM) is an ASX listed integrated energy transition company focused on natural hydrogen and helium exploration in Australia. The Company holds a ~64,000 km² position in South Australia’s highly prospective Gawler Craton, targeting multiple hydrogen play types linked to radiogenic granites, iron-rich rocks, and deep crustal structures. Prominence applies low-impact exploration techniques, coupled with AI-driven data workflows to rapidly evaluate large areas and prioritise drilling. Prominence Energy will progress seismic acquisition during 2026, in order to develop a risked leads and prospects portfolio, with drilling planned to commence in 2027.

Central Petroleum Limited (ASX:CTP) is a well-established Australian ASX-listed oil and gas producer. They have a diverse portfolio of producing and prospective oil and gas tenements across the Northern Territory (NT), South Australia and Victoria. They operate the largest onshore oil and gas fields in the NT, producing from proven reserves in the Amadeus Basin (west of Alice Springs).  

As an Australian oil and gas company listed on the ASX, Central Petroleum provides energy security and reliable gas supply to power stations, mine sites, energy wholesalers and retailers in central, northern and eastern Australia. They are also participating in exploration for new oil and gas resources in two of Australia’s proven energy provinces – the Otway Basin (Victoria) and Cooper Basin (South Australia). 

Constellation Resources Limited engages in the exploration for mineral properties in Australia. The company primarily explores for nickel, zinc, lead copper, and gold deposits. It holds an interest in the Orpheus project comprising six tenements covering approximately 443 square kilometers that includes a 70% interest in three mineral exploration licenses and one mineral exploration license application located in the Fraser Range province of Western Australia, as well as a 100% interest in two exploration licenses. The company also hold intrest in the Ularring Project located in Western Australia; and Edmund Collier, Yerrida and Asbhurton Projects located in Western Australia.

Helix Exploration is a helium exploration company with operations in Montana, North America. Their strategy is to discover and develop new sources of economically viable, primary helium and hydrogen, commencing with rapid commercialisation of Rudyard Project. The company was founded by industry veteran Bo Sears, an expert with 25 years of experience in helium systems across North America. Helix delivers operationally, drilling two wells within its first year of listing on AIM and completing the acquisition of a PSA processing plant.

Sound Energy Plc (LON:SOU) is an AIM quoted transition energy-focused business, currently playing an important role in developing lower carbon energy solutions for Morocco. Their assets consist of an exploration portfolio across two locations, and a phased development project in the Tendrara Production Concession area in Morocco.

FDE (Française De l’Énergie) is a multi-energies producer, which offers low carbon footprint solutions. We produce gas, electricity and heat from local resources or solar related energies. We valorize them locally, in order to benefit the inhabitants of the regions which we operate, in Hauts-de-France, in Wallonia and in Lorraine.

Rex International Holding Limited ("Rex International Holding", "Rex" or the "Company", and together with its subsidiaries, the "Group") is an oil exploration and production ("E&P") company listed on Singapore Exchange Securities Trading's Mainboard.

Top End Energy (ASX: TEE and OTCQB: SERPY, TNDEF) is an industrial gas explorer focused on natural hydrogen through its 100%-owned Serpentine Project in Kansas. Covering over 30,000 acres in one of the world’s most prospective hydrogen plays, it neighbors Koloma (US$400M raised) and HyTerra. The Project was independently assessed to have a mean prospective resource of 304 BCF of H2 (716,000 tonnes). Top End is now seeking partners through a structured farm-out process to advance a drilling-led strategy that can derisk key play elements and unlock this potential.

80 Mile Plc offers an unparalleled portfolio of energy, critical minerals and industrial gas projects in Tier 1 jurisdictions. Their strategy is to explore and progress our portfolio, both independently and with a suite of tier one partners, by creating value through considered exploration, and the monetisation of its projects on attractive terms, having advanced them to an optimal stage.

80 Mile Plc is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the Pink Market in the US (BLLYF).

Desert Mountain Energy Corp. is a forward-looking resource company actively engaged in the exploration, development and production of Helium and Natural Gas properties in the U.S. Southwest, with its executive offices in Vancouver, Canada.

Georgina Energy is a helium, hydrogen and natural resources development and production company, based in Australia. Georgina Energy’s independently certified Prospective Resources include c.300 BCF helium, 300 BCF hydrogen and 2.5 TCF of natural gas in P50/2U.

Helium plays a crucial role in modern science and industry. Its unique properties make it indispensable in various applications ranging from medical imaging to advanced cooling in technological systems. Hydrogen is the most abundant element in the universe and is a key component of the global transition toward clean energy.

Red Metal Resources Ltd. is a CSE listed mineral exploration company focused on copper-gold exploration in Chile's III Region, one of the world's most established and prospective mining jurisdictions. 

The Company's flagship Carrizal Property is located in Chile's copper heartland and benefits from strong infrastructure, favourable geology, and year-round exploration access. Red Metal's strategy is to advance high-quality copper assets through systematic exploration while leveraging an experienced technical and managment team. 

First Atlas Resources Corp, formerly Q Precious & Battery Metals Corp., is a Canadian natural resource exploration company with 100% owned mineral projects in Quebec and Nova Scotia focused on the exploration of critical and precious metals, as well as natural white hydrogen.

Deep Hydrogen Corp. is targeting the emerging natural hydrogen opportunity within the Canadian Shield, focusing on large-scale systems linked to deep fault structures, mafic–ultramafic intrusions, and mantle-derived complexes associated with the Mid-Continent Rift. Leveraging expertise in nickel sulphide exploration, the Company is applying proven targeting methods to identify hydrogen-generating environments driven by serpentinization within favourable rock types such as peridotites and carbonatites. Positioned as an early mover in a rapidly developing energy sector, Deep Hydrogen offers exposure to high-impact discovery potential and scalable clean energy opportunities.

H3 Energy Limited engages in the exploration, development, and production of oil and gas properties in Australia and Canada. The company holds 100% interests in the Warro Gas Project situated in north of Perth, Western Australia, as well as in the Wizard Lake Oil Field located in Alberta, Canada. It also engages in the development of hydrogen hub in Queensland; and hydrocarbon, hydrogen, helium exploration in South Australia. The company was formerly known as Whitebark Energy Limited and changed its name to H3 Energy Limited in December 2025. H3 Energy Limited is based in Adelaide, Australia.

Record Resources is an international energy exploration and production (E&P) company (TSXV-REC). The company is primarily focused on acquiring and developing international energy projects, most recently, a 20% fully carried interest in the exploration, appraisal, development and production of oil and gas well on the offshore Ngulu Block in Gabon, which offers an entry point to a major, low-risk, low cost, offshore oil exploration, in a high-potential basin. The company’s management and board members have been behind numerous word-class oil discoveries.

A Canadian clean-technology company pioneering the discovery and production of naturally occurring geologic, or “white,” hydrogen. Their mission is to unlock a new source of sustainable energy directly from the earth through advanced subsurface analytics and clean, non-electrolytic extraction technologies designed to minimize environmental impact and eliminate combustion.

D3 Energy (D3 or the Company) is a natural gas and helium developer listed on the Australian Securities Exchange on 13 May 2024. Its cornerstone asset is Exploration Right ER315 in South Africa’s Free State Province, a major onshore permit covering approximately 811 km², and situated immediately east of Renergen Limited’s producing Virginia Gas Project. 

Initial drilling across ER315 has delivered world-class helium concentrations exceeding 5%, confirming the Company’s geological model and establishing the region as a globally significant helium province. 

Founded in 2001, becoming a public company in 2011 and entering the stock market in 2017, Ressources & Énergies Squatex Inc. is now expanding its field of expertise by exploring new forms of energy and resources, both in Canada and internationally, with a focus on innovation and sustainable development.

Mongoose Mining is a mineral exploration company led by a highly experienced team with a track record of success in exploration, mine development, operations, and raising capital.

MNG is focused on the historically prolific iron ore regions of Nova Scotia. Its been discovered to be an exceptional area for the potential discovery of IOCG type deposits (Iron Oxide Copper Gold). Many areas display the features and mineralization typical of the IOCG areas elsewhere in the world.

Naughty Ventures is a Canadian exploration company focused on acquiring, developing and strategically positioning mineral assets with strong value potential as well as investing in private and public companies with significant potential, exceptional management and/or high growth potential that may be strategically positioned in the global market. 

Anteros Metals is a publicly traded exploration company based in Newfoundland and Labrador (CSE:ANT). They control four distinct exploration-stage projects across the province targeting iron ore, base metals, and critical minerals. Their team brings together deep technical experience in traditional field exploration and proven strength in capital market strategy with advanced data science techniques - creating a uniquely modern model for resource discovery.

Metals Creek Resources Corp. (the "Corporation", TSX-V:MEK), is a Canadian TSX venture exchange listed company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Venture Exchange under the symbol "MEK". The Corporation is engaged in the identification, acquisition, exploration and development of mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador and in the Yukon.  Metals Creek has a strong management and board focused on acquiring quality projects and enhancing shareholder value.

Devil Resources Limited (DRL) is an Australian-based resource company building an portfolio consisting of both helium, natural hydrogen, and geothermal. The company has developed an exploration portfolio of two license areas and five application areas, covering 12,300 sq km onshore Tasmania. Onshore Tasmania has excellent potential to host both subsurface helium, natural hydrogen, and geothermal resources and  the company's technical work has identified  24 structural leads with an in-place resource potential of 144 MMkg Natural Hydrogen and 31 BCF Helium in EL5/2024 alone. Much of Tasmania is also underlain by thick sequences of highly, iron-rich ultramafic rocks, which are likely generative for natural hydrogen as well as intruded subsurface granites that are likely producing helium, natural hydrogen, and geothermal heat radiolysis. In addition to being geologically prospective, Tasmania offers excellent commercial opportunities for the use of natural hydrogen feedstock for green methanol manufacture.  The potential of geothermal to provide despatchable electricity to the state is significant. The company is run by a team of experienced energy professionals.

Earth Source Hydrogen Ltd (ESH) is a private UK company with a focus on exploring for, and developing, natural hydrogen resources in Australia, the UK and the US. Funded by private investors, who have considerable subsurface, drilling, commercial and management experience, ESH has secured properties in Western Australia and is currently assessing exploration opportunities in the UK. It has also developed focus areas in the USA. Field work on ESH’s Australian properties is due to commence in March 2026.

Vema is building a new clean energy major based on Engineered Mineral Hydrogen, a patented process that unlocks thousands of years of H2 supply at a cost well below $1/kg by accelerating naturally occurring reactions in the subsurface. In just two years, the team has built a world class team, created the world's most advanced labs for water/rock interaction, secured a strong offtaker pipeline, identified sites in North America and beyond, drilled their first pilot well in Canada. Vema is backed by Marble, Extantia, Propeller, Grantham, Pace Ventures, Zero Carbon Capital and Bpifrance, raising $15m in equity financing.

Founded in 2020, HydroGenesis are a UK-based company building natural hydrogen acreage and progressing exploration throughout the African continent. The company has existing agreements in place with Senegal, The Gambia, Guinea-Bissau, Republic of Guinea, Liberia, Republic of the Congo, and Kenya. The company also has existing local partnerships in Ghana and Tanzania, and has advanced or preliminary negotiations with a further eight countries. HydroGenesis aim to progress technical work into a portfolio of advanced natural hydrogen targets and then fully exit to a competent operator to proceed with drilling and production.

Terrensis is a pioneering natural hydrogen exploration company founded in 2022 by highly experienced entrepreneurs who are among the most seasoned leaders in this emerging sector. With more than a decade of unique expertise — including, as technical advisors, the design and implementation of the first natural hydrogen discovery — the founders bring unmatched scientific, technical and operational know-how. The company is now focused on achieving a second major discovery, targeting a large hydrogen gas accumulation in the Western Pyrenean foothills, one of the world’s most promising exploration areas. Terrensis made history in December 2023 by securing the first exclusive natural hydrogen exploration permit in France, named “Sauve Terre H²,” through its subsidiary TBH2 Aquitaine. The company collaborates with leading research institutions and is recognized for its deep technical know-how.

H2EX is an experienced and active explorer in the Australian sector. Located within their flagship PEL 691 project in the Eyre Peninsula South Australia, the company has identified 40 natural hydrogen targets following extensive geotechnical surveys including passive seismic, magnetotellurics and fluid inclusion analysis. PEL 691 spans 5,991 km2 (~1.5 million acres). The company is currently advancing exploration drilling plans. In South Australia, H2EX has ~56,000km2 in license applications. One of these applications, RSELA 810, contains the Robe-1 well which detected 25% hydrogen and 40% methane. The company also has a sizeable position in Western Australia with four Special Prospecting Authority applications. 

Snowfox Discovery is a natural hydrogen exploration company building sector-defining technology. Their purpose is to enable natural hydrogen to accelerate and secure the energy transition. Co-founded by leading academics, experienced explorers and technology experts to unlock the potential of natural hydrogen for a net zero future. 

Archenergies is on a mission to power the future with what the Earth has always held. Natural Hydrogen, also known as White Hydrogen, is clean, cost-competitive, and a natural energy source. This untapped resource has the power to be a game-changer for the energy transition, and a cornerstone of the hydrogen economy. They are a team of seasoned oil & gas veterans turned clean energy explorers. Backed by real-world experience and bold ambition, they are not just following the energy revolution. They are helping lead it.

Founded in 2022, H2Au is leading the way in natural hydrogen exploration and production (E&P), combining proven exploration techniques and unique play-based models to identify, lease and unlock hydrogen reserves. H2Au has already developed an extensive portfolio of exclusive leases, established joint venture partnerships, and is collaborating with off-takers to swiftly commercialize natural hydrogen as a valuable resource.

Founded by a Malian entrepreneur, Hydroma Inc is a Canadian leader in the development of large scale clean hydrogen projects with a strong focus on the African Continent. A pioneer in the discovery, research, exploration and operation of natural hydrogen in Mali and worldwide, Hydroma also actively develops green hydrogen and ammonia production, storage, transport and distribution projects in West Africa and Canada for local use and massive exports toward Europe and international markets. Convinced of the potential of natural and green hydrogen as enablers to accelerate sustainable development and growth worldwide, Hydroma is a key player in the establishment of a robust regional natural and green hydrogen economy via its West African Big Green Deal Initiative and Foundation (W.A.B.G.D.).

Helios Aragon is developing Europe’s first natural hydrogen production project in northern Spain and was designated a “project of regional significance” by the Government of Aragon in May 2023. The Monzon Field, discovered in the 1960’s, recorded high gas shows of pure hydrogen at a depth of 3,600m in a good quality sandstone reservoir overlain by a thick salt section. At the time, it was noted as a geological curiosity and the well was abandoned. The field structure is defined by modern 2D seismic and high-density gravity data. In 2022, an extensive surface geochemical survey was undertaken which recorded not only high levels of hydrogen above the field and major faults, but also helium which is deemed a “critical raw material” by the EU. The Monzon-2 appraisal well, to be drilled in the second half of 2025 at a cost of €12 million, will be the first of its kind in Europe – a well drilled to produce natural hydrogen. 

HYNAT SA (CH) is a company that researches, exploits, produces and markets natural or native hydrogen generated in the ground and renewable on a human scale. Active since 2015 in natural hydrogen and present in several countries, HYNAT SA is a reference player. Consisting of a team of geologists and production specialists recognised among the best in the world, and founded by Stéphane Aver and Dr Alain Prinzhofer, HYNAT SA is developing several large-scale natural hydrogen research and exploration projects in close association and in a “win-win” approach with the partner countries. 

As an independent energy company, Matahio’s success is built on its core values of integrity, resilience and collaboration. Their accomplished leadership team draws on its experience from navigating other oil and gas companies through unique challenges. Now, against an evolving industry landscape, they are charting Matahio’s path towards Progressive Energy.

45-8 ENERGY is the first company dedicated to the eco-friendly exploration and production of helium and natural hydrogen in Europe. Their innovative approach aims to develop jointly and locally these resources as well as those that can be associated, to act for the ecological transition.

Atherium serves as a strategic scientific partner for natural hydrogen and helium exploration, operating at the intersection of geology, geochemistry, and informed decision-making. The company provides comprehensive geological intelligence to support the global natural hydrogen and helium industry in confidently identifying and developing next-generation resources.

Atherium maintains a dedicated laboratory equipped for high-precision compositional analysis of gas samples, specializing in the detection of low concentrations of hydrogen and helium. By utilizing long-term soil gas monitoring and engaging expert drilling advisors, Atherium offers clients an integrated exploration workflow designed to advance projects from preliminary indications of natural hydrogen or helium resources to informed drilling decisions.

Swiss Geo Energy (SGE) develops geothermal solutions combining power generation, district heating supply, and sustainable mineral recovery from geothermal systems, supporting Europe's and Switzerland's Energy Transition to renewable energy.

Mantle8 is a natural hydrogen exploration company that develops natural hydrogen exploration technology focused on identifying and evaluating underground hydrogen reservoirs. The company combines geology, geophysics, geochemistry, and subsurface imaging systems to locate naturally occurring hydrogen deposits for future energy production. Its proprietary technology platform includes predictive modeling tools, multiphysics imaging systems, and geological analysis software designed for hydrogen exploration and reservoir assessment. Mantle8 also conducts field exploration campaigns, seismic interpretation, soil gas analysis, and subsurface modeling to support natural hydrogen prospecting activities.

GeoKiln applies the tools and expertise of the oil and gas industry to a new purpose: producing hydrogen directly from subsurface rock formations. The process will be familiar to anyone in energy — assess the geology, drill the wells, validate the data, scale commercial production. What is new is what comes out of the ground. Instead of oil and gas, it is hydrogen. Instead of carbon emissions, water. The energy revolution does not require reinventing the industry. It requires redirecting it.