Sound Energy, the transition energy company, announced completion of the regional screening study for natural hydrogen and helium undertaken in collaboration with Getech Group Plc. On 28 October 2024 the Company announced entry into an Exploration Collaboration Agreement (the "Agreement") with Getech. Pursuant to the Agreement, the parties will collaborate to seek to explore for naturally occurring 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. The Company announced that the regional screening study has been completed and has identified areas of significant prospective potential for natural hydrogen and helium occurrence sufficient to warrant further study. The Company and Getech intend, under the terms of the Agreement, to form a Joint Venture and 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.
