Inomin Applies for Hydrogen Rights Expanding Beaver-Lynx Project Potential Natural Occurring Hydrogen Considered the Gold Standard Offering the Most Cost-effective and Environmentally Friendly Form of H2 White Hydrogen Expected to Increasingly Disrupt Blue and Green
Inomin Mines Inc. 700 West Georgia Street, Suite 2200, Vancouver, BC Canada V7Y 1K8
www.inominmines.com
NEWS RELEASE
Inomin Applies for Hydrogen Rights Expanding Beaver-Lynx
Project Potential
Natural Occurring Hydrogen Considered the Gold Standard Offering
the Most Cost-effective and Environmentally Friendly Form of H2
White Hydrogen Expected to Increasingly Disrupt Blue and Green
Projects
Vancouver, British Columbia, September 10, 2024 – Inomin Mines Inc. (TSX.V: MINE) (“Inomin” or the
“Company”) reports it has applied for hydrogen (H2) rights at the Company’s Beaver -Lynx critical minerals project in
south-central, British Columbia. The hydrogen application covers h igh priority targets based on recent drilling and
geophysical modeling. Fortescue Ltd. (ASX: FMG) has recently staked a vast area of mineral claims adjacent and along
strike to Beaver-Lynx. In total, Fortescue has staked approximately 3,576 square kilometres of mineral claims
over a strike length of 170 km , one of the largest acquisitions of mineral claims in British Columbia by an Australian
company.
Beaver-Lynx Mineralization and Exploration
Inomin’s Beaver-Lynx property is situated in the
Cache Creek Terrane, formed as a subduction zone
during the Triassic-Jurassic’s Pangea breakup.
Magnesium and nickel m ineralization encountered
at Beaver-Lynx is hosted in serpentinized ultramafic
rocks, a natural geologic setting for naturally
occurring hydrogen, also known as “geologic”
or “white” hydrogen. Additionally, the property is in
a region of significant hydrothermal activity, situated
between two major mineral deposits – Gibraltar and
Mount Polley copper porphyry mines.
Exploration drilling at Beaver -Lynx has shown the
property hosts large volumes of magnesium and
nickel mineralization. During Inomin’s 2023
exploration program at the Beaver South zone,
drilling intersected a 10-metre-wide cavity that could
signify a natural trap for hydrogen production.
The Company has designed a dril ling plan for the
Beaver South zone targeting an initial resource of
100 – 150 million tonnes at an anticipated grade of
23% magnesium and 0.18% nickel. The objective of
next drilling at Beaver South is to work towards
defining a maiden mineral resource , as well as test
for hydrogen potential. The South Zone is one of
multiple zones identified at Beaver -Lynx hosting
significant magnesium and nickel mineralization.
Location of Inomin’s Beaver-Lynx project in British Columbia, Canada.
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Inomin is interested in working with a partner to further advance Beaver-Lynx’s large mineral system and evaluate the
project’s potential for natural hydrogen.
John Gomez, President of Inomin comments, “Our most recent drilling program and followup work at Beaver-Lynx has
given us indications of the property’s hydrogen potential. In addition to our main intention of discovering and delineating
large resources of magnesium and nickel, w e look forward to testing Beaver -Lynx for hydrogen given the property’s
natural geologic setting for the gas. White hydrogen offers the potential for a large, low-carbon, clean energy solution
to create a more sustainable environment.”
Natural Hydrogen Sources, Production, and Cost Advantage
White hydrogen is a naturally-occurring gas found in a wide range of regions worldwide, situated at or near convergent
plate boundaries. The most common way hydrogen is created naturally is through the serpentinization process, where
water reacts with ultramafic rocks converting iron-rich olivines into magnetite and quartz and releasing hydrogen gas
as a by-product (3Fe2SiO4 + 2H2O 2Fe3O4 + 3SiO2 + 2H2). Compared to other types of hydrogen (categorized by
colors), white hydrogen is extracted directly from underground sources where it forms naturally. The hydrogen only
needs to be purified before it can be used. This avoids high CO2 processes associated with hydrogen’s traditional
synthesis from natural gas. As such, white hydrogen offers the most cost-effective and environmentally friendly source
of hydrogen.
“White hydrogen offers a much cheaper alternative resource. Without the need for inefficient energy
conversion or manufacturing processes, white hydrogen produced at scale from reservoirs sited close to end-
user markets could be delivered well below US$1/kg. The co-existence of helium may also offer a valuable
commercial lever for white hydrogen exploitation.” (World Economic Forum article, August 29, 2024).
Natural Hydrogen as an Alternative, High-Growth, Clean Energy
White h ydrogen has excellent potential as a clean energy source given the ability t o produce energy with minimal
environmental impact. When hydrogen is used in fuel cells, it produces only water and heat as by-products, making it
a zero-emission fuel. Like technological advances driving adoption of electric vehicles, hydrogen could develop as an
attractive alternative to fossil fuels in the near future. Last week, BMW announced plans to sell its first hydrogen
cars in 2028 , in partnership with Toyota . An emerging sector, by 2050 white hydrogen production is forecast to
increase by 17-fold and replace some blue and green hydrogen development projects.
About Beaver-Lynx
The Beaver-Lynx property is located in south-central British Columbia, 50 kilometres from the city of Williams Lake and
adjacent to Taseko Mines’ (TSX: TKO) Gibraltar mine project, one of the largest open -pit copper mines in Canada.
Beaver-Lynx is easily accessible by road with hydro-electric power nearby. The Company owns a 100% interest in the
project with no royalties. Given positive initial drilling, metallurgical, and carbon capture test results – as well as district-
scale size – the Beaver-Lynx project has the potential to be a source of high-grade, green magnesium and other critical
minerals for the automotive, defense, and high technology sectors. For further information about Beaver -Lynx, visit
Inomin’s website www.inominmines.com.
Inomin Mines Director, L. John Peters, P.Geo., a qualified person as defined by National Instrument 43-101 – Standards
of Disclosure for Mineral Projects, has reviewed and approved the technical information in this news release.
About Inomin Mines
Inomin Mines is focused on the identification, acquisition, and exploration of mineral properties with strong potential to
host significant resources, especially critical minerals, as well as gold and silver projects. Inomin trades on the TSX
Venture Exchange under the symbol MINE. For more information visit the Company’s website: www.inominmines.com.
On behalf of the board of Inomin Mines:
Inomin Mines Inc.
Per: “John Gomez”
President and CEO
For more information and project partner opportunities please contact:
John Gomez, Tel. 604-643-1280, Email: [email protected]
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Cautionary Note Regarding Forward-Looking Information
This news release includes certain statements and information that may constitute forward-looking information within the meaning of
applicable Canadian securities laws. Forward -looking statements relate to future events or future performance and reflect th e
expectations or beliefs of management of the Company regarding future events. Generally, forward -looking statements and
information can be identified by the use of forward-looking terminology such as “intends” or “expects”, or variations of such words and
phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these
statements, referred to herein as “forward ‐looking statements”, are not historical facts, are made as of the date of this news release
and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as t o
management’s expectations and intenti ons with respect to, among other things, the plans and expectations of the C ompany with
respect to the Beaver-Lynx project, and in particular, the potential of the Beaver-Lynx project as a nickel-magnesium and/or hydrogen
project.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results
suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the exploration programs
at the Beaver-Lynx property are not carried out as planned, that the Company is not able to develop the Beaver -Lynx as a nickel -
magnesium and/or hydrogen project, that the Company may not acquire sufficient financial resources to fund its operations, and that
the Company may fail to discover mineral and/or hydrogen deposits sufficient in size.
In making the forward looking statements in this news release, the Company has applied several material assumptions, includin g
without limitation, that the Company will deploy resources in a manner that will allow the Company to conduct the exploration programs
at the Beaver -Lynx property, that future exploration programs at the Beaver -Lynx property will yield favorable results or results
consistent with previous programs conducted at the Beaver -Lynx property, and that the Company will obtain sufficient fun ds to fund
future operations.
Although management of the Company has attempted to identify important factors that could cause actual results to differ mate rially
from those contained in forward-looking statements or forward-looking information, there may be other factors that cause res ults not
to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as act ual
results and future events could differ materially from those anticipated in such statements. Accordingly, readers shou ld not place
undue reliance on forward -looking statements and forward -looking information. Readers are cautioned that reliance on such
information may not be appropriate for other purposes. The Company does not undertake to update any forward -looking statement,
forward-looking information or financial out -look that are incorporated by reference herein, except in accordance with applicable
securities laws. We seek safe harbor.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.