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--(Newsfile Corp. - September 10, 2024) - Inomin Mines Inc. (TSXV: 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 high priority targets based on recent drilling and geophysical modeling. Fortescue Ltd.'s 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.

Location of Inomin's Beaver-Lynx project in British Columbia, Canada.

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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 mineralization 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 drilling 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.