Rafex Gold Corp (RAFX)

[KULiquidGold]

$RAFX Richard Chiang listed on board, 560,017 OS.

It is also a Shell, likely the reason Richard is on the board. Suspect much of the information below is in play. Looks like a Natural Hydrogen play, time will tell.

In a nutshell, 3 companies involved here and only one - $RAFX is a public company in the US where there is just shy of 4,000 acres of exploration leases to extract Natural Hydrogen in the JD and Russell Brimage looks like the linchpin.

1) $RAFX Shell status - US OTC public company - https://www.otcmarkets.com/stock/RAFX/profile
2) $HYT Active status - Australia ASX Exchange - https://hyterra.com
3) Natural Hydrogen Energy LLC - http://nh2e.com/

Russell Brimage is President of $RAFX and has leadership roles in other companies as well. Last August he was listed as a Non-Executive Director (Proposed) for on (ASX: HYT). As of Nov 2022, he is now the Non-Executive Chairman of HYT. A potential Natural Hydrogen RM of sorts into RAFX is a high probability. https://hyterra.com/home/#management-team

Appointment of Russell Brimage as Chairman
The Company has appointed Russell Brimage to the role of Non-Executive Chairman. Russell has over 40 years’ experience in the upstream oil and gas industry having managed all facets of operations, from exploration through to production. He has served in the capacity of Operations Manager and CEO on several ASX listed entities since 1997 and is currently a Non-Executive Director of Lion Energy (ASX: LIO). He is a Director of Neutralysis (acquired by HyTerra) and has been involved in natural hydrogen development activities in the USA with the Company’s joint venture partner since 2020.

HyTerra will significantly benefit from his wealth of expertise during its upcoming natural hydrogen testing operations, as well as future exploration activities. Commenting on his appointment, Mr Brimage said: “I am delighted to have the opportunity to bring my upstream energy experience to the development of natural hydrogen and I look forward to working with the HyTerra team and our JV partner in pioneering a new and exciting industry”.
https://static1.squarespace.com/static/61d45be50ebc296e7032ac4e/t/637acab159ef4a4cdc7ab3ad/1668991670388/HYT+Corporate+update+and+director+appointment.pdf

Then there's the third entity, Natural Hydrogen Energy LLC that appears to be in play as well as a JD... "HyTerra has acquired a 10% interest (and the right to earn up to 51%) in a Joint Development Agreement with Natural Hydrogen Energy LLC. The Joint Venture includes the worlds first wildcat well specifically targeting natural hydrogen (Hoarty NE3) as well as 3,891 acres of exploration leases across Nebraska and South Carolina. The Hoarty NE3 well and surrounding lease holdings are located near Geneva city in Nebraska, USA and are known as Project Geneva. " https://hyterra.com/home/#projects

With the oil roadblocks, the focus on Green / renewable energy, the benefits of Natural Hydrogen and Helium concentrations that can come with Hydrogen, very scarce resource and its reserves are limited. Demand is growing faster than current supply http://nh2e.com/. The hydrogen extraction process can leverage previous work on fossil fuel drilling is my understanding as well.

Hyterra puts Natural Hydrogen in perspective...
The urgency to decarbonise has created unprecedented political support and business momentum for hydrogen. HyTerra aims to capitalise on this opportunity by accelerating the development of natural hydrogen, an inexpensive, clean, and sustainable source. A successful hydrogen well has the potential to produce for decades and at a lower cost than renewable energy and electrolysis (green hydrogen) or via extraction from fossil fuels (grey hydrogen). https://hyterra.com/home/#projects

HyTerra Investor Guide | Introduction to Natural Hydrogen
https://static1.squarespace.com/static/61d45be50ebc296e7032ac4e/t/6386cd9ffea9e744068fb87a/1669778857787/Introduction+to+Natural+Hydrogen_HyTerra+Ltd_December2022.pdf

Hyterra Corporate Presentation
https://static1.squarespace.com/static/61d45be50ebc296e7032ac4e/t/638df99972bdd40bd74ccc14/1670248901741/HYT+Corporate+Presentation+061222.pdf