Getech announced 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 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.
