March 18, 2026 — Record Resources (TSX-V: REC), which owns three strategically located natural hydrogen properties in Ontario, plans to further assess the company’s options to non-dilutively unlock value for its shareholders in order to capitalize on the AI-driven demand for natural hydrogen as a key power source for the industry.
The driving factor for Record’s natural hydrogen proprieties is the emerging, critical, high-efficiency requirement to supply 24/7 baseload power for the surging energy demands of AI (Artificial Intelligence) data centers, as power consumption is projected to more than double by 2030 to roughly 945 terawatt-hours (TWh). This is quadruple the current power draw, necessitating a rapid shift from traditional grid reliance to independent power solutions, according to IEA reports.
Lorrain-Bucke Natural Hydrogen Property
Record’s Lorrain-Bucke natural hydrogen property is located at Lake Temiskaming, Ontario and is 100 percent owned by the company. Lorrain-Bucke is adjacent to Quebec Innovative Materials Corporation’s (QIMC.CN; over CDN $240 million market capitalization) hydrogen discovery. The Lorrain-Bucke property is strategically located between major rift faults in the Lake Temiskaming Graben structure, a tectonic feature recognized for its potential to host deep mantle-derived volatile-rich sources, including hydrogen. Hydrogen anomalies were identified at Lorraine-bucke by QIMC and Marc Richer-Lafleche of Quebec’s Institut National de Recherche Scientifique (INRS) during the winter of 2025.
Paradis Bay Natural Hydrogen Property
The Paradis Bay 27 claims are located five kilometres west of the town of Ville Marie, Quebec, near the claims held by QIMC and border the town of Paradis Bay, Ontario. The claims are located along the eastward dipping Lake Timiskaming West Shore Fault system. In this area the sedimentary and volcanic formations dip westward and potentially create structural and hydrological conditions that can trap the accumulation of gases that contain hydrogen. The discovery of natural hydrogen gas seeps in the Lake Timiskaming area located on the border of Ontario and Quebec. Lake Timiskaming is located on the eastern boundary of a rift zone approximately 50 kilometres wide bounded by a series of northwest-southeast trending faults.
Beauchamp Natural Hydrogen Property
The Beauchamp natural hydrogen property, consisting of 300 claims, is situated on a broad northwesterly-trending Lake Timiskaming Rift zone, split by the Cross Lake Fault and extending northward to touch the western margin of the Lake Timiskaming Westshore fault. Exploration for hydrogen-bearing gas pools have yet to be undertaken on the Beauchamp property. Temiskaming rift faults and earlier crustal faults controlling the emplacement of Nipissing intrusions certainly extend deep into the crust below cover Proterozoic and Paleozoic sediments to tap hydrologic fluid flow in the Archean basement rocks and even magma pools in the upper mantle – conditions very favorable for generating hydrogen gas. The presence of broad shallow-dipping low conductive areas at deeper levels may reflect more a highly conducting sedimentary layer but these responses may also indicate a layer containing a trapped hydorgenic gas pool. Both faults extend to the southeast. The Lake Timiskaming Westshore (LTW) fault enters Lake Timiskaming at New Liskeard and runs along the west shore of Lake Timiskaming; the Cross Lake fault parallels the LTW fault to cut the northwest corner of Record Resources Paradis Bay property and extends into Lake Timiskaming.
Given Record has no value in its current market capitalization for the three hydrogen properties outlined above, the company plans to assess ways to unlock value for shareholders on these assets while moving forward with its fully carried 2026 business plan in Gabon, Africa, following the significant acquisition of the Ngulu oil and gas block (See company’s September 12, 2025 news release).
Corporate AGM Update:
Record is also pleased to announce the election of six directors at its Annual and Special Meeting of Shareholders held on February 27, 2026. The newly elected board consists of Bill Torr and Robin Sutherland, Dr. Paul Craig, Nathalie Kavanagh, Michael Judson, and David Johnson. Mr. Johnson had resigned earlier to make room for Bill Torr and was re-elected to the board at the AGM.