• Proposed acquisition of the Great Bear Copper-Gold-Silver-Uranium Project in Canada
• Repeat purchase order from Cooper Basin client
• Ray Shorrocks appointed as board Chairman
• Trials for HCD products and technologies continue

Hydrocarbon Dynamics Ltd (ASX:HCD) announced the proposed acquisition of a 100% interest in the Great Bear Copper-Gold-Silver-Uranium Project located in the Northwest Territories, Canada. The Great Bear region has been identified as having the highest potential for Iron Ore-Copper-Gold-Uranium (IOCG-U) style mineralisation in Canada, with historical production including 6,200 tonnes of Uranium Oxide, 34.2 million ounces of refined Silver, 5,160 tonnes of Copper with Gold credits, and other metals. Exploration work by the previous owner, WCN, has identified multiple prospective areas for follow-up, with rock chip samples returning exceptional widespread Silver, Copper and Gold mineralisation. The acquisition is subject to HCD re-complying with Chapters 1 and 2 of the ASX Listing Rules, including a minimum $5.5 million capital raise and a 1:10 consolidation of its issued capital. HCD also announced that it has received a repeat purchase order for its HCD Multi-Flow product from its Australian distributor, Kinetic Chemicals Pty Ltd, for approximately A$215,000. Additionally, Ray Shorrocks has assumed the role of Chair of the Board of Directors, with Stephen Mitchell becoming a non-executive director. The company continues to progress trials and testing of its products in various regions.

The company is focused on completing the proposed acquisition of the Great Bear Project and the associated capital raise and re-compliance with the ASX Listing Rules. It also continues to progress trials and testing of its products in various regions.