Atco Mining (CSE: ATCM), a publicly listed clean energy company developing hydrogen storage solutions, has significantly increased its land position along the St. Georges Bay Basin to more than 18,000 hectares. 

The company’s land package is located adjacent to Atlas Salt’s Fischells Brook and St. Fintans salt dome projects in Newfoundland. ATCO continues to consolidate a portfolio of salt cavern projects along key maritime routes that could potentially act as a key player in the renewable hydrogen export sector.

Christopher Cooper, CFO of Atco Mining stated: “This is a strategic acquisition for us as we look to establish ourselves in the St. Georges Bay Basin in Newfoundland. We’re looking forward to start exploring these areas for both potential salt domes and for its hydrogen storage potential.”

Hydrogen is expected to play an essential role in the future energy mix- from fueling vehicles, trains, and ships to generating electricity and heating buildings. Hydrogen is a colorless, clean fuel that emits only water when burnt or oxidized. 

Hydrogen has the potential to deliver sustainable, efficient and affordable energy at scale. However, it is expensive to store and transport. Salt domes offer a potential cost effective solution for hydrogen to be stored prior to export.

Shares of ATCO Mining trade in Canada under the ticker symbol ATCM. For more information visit www.actomining.com.

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