DiagnaMed Expands Natural Hydrogen Footprint in Nova Scotia
DiagnaMed Holdings Corp. has completed the acquisition of the Colchester East Natural Hydrogen Project in Nova Scotia, strengthening its position in Canada’s emerging natural hydrogen exploration sector.
The project comprises 30 licences covering 2,104 claims within the Cumberland Basin region, an area the company describes as part of one of the country’s most active natural hydrogen corridors. The acquisition was finalised through a combination of cash consideration and the issuance of 10 million common shares to the vendors, alongside a 2% gross revenue royalty on any hydrogen, helium or related mineral production from the property.
Under the agreement, DiagnaMed retains the option to buy back half of the royalty for $2 million at a later date. The transaction follows an earlier announcement in December 2025 and expands the company’s portfolio of hydrogen exploration assets, which already includes projects in Ontario’s Temiscamingue corridor.
DiagnaMed Board of Directors said the acquisition aligns with its strategy to advance next-generation natural hydrogen extraction technologies and secure a stronger position in emerging hydrogen exploration regions across Canada.
The company said the Nova Scotia asset complements its broader landholding strategy as interest grows in naturally occurring hydrogen resources, which are being explored as a potential low-carbon energy source, though the sector remains at an early stage of development.
In a separate update, DiagnaMed also announced the issuance of 7 million stock options to directors, officers and service providers at an exercise price of $0.075, exercisable over a two-year term.
The acquisition reflects continued speculative expansion in the natural hydrogen exploration space rather than near-term production development. While the accumulation of land positions suggests growing investor interest in geological hydrogen potential, commercial viability remains unproven, meaning value creation will depend heavily on future exploration success and technological validation.
