REV Exploration Corp. has signed a non-binding Letter of Intent to acquire certain oil and gas leasehold interests in Montana. The deal includes a cash payment of USD $250,000 and issuance of common shares valued at USD $300,000. The transaction is pending a definitive agreement and regulatory approvals from the TSX Venture Exchange.

The acquisition of the Montana land package would significantly expand REV’s total landholdings to approximately 18,998 acres. This move aligns with the company’s focus on helium and natural hydrogen in America’s Northern Great Plains states. The deal complements REV’s existing projects and enhances their exploration portfolio.

In addition to the Montana acquisition, REV Exploration Corp. owns gold properties in Quebec and has exposure to the Natural Hydrogen sector in Alberta and Saskatchewan. The company holds PNG leases in Alberta-Montana border, including the Aden Dome project. REV also owns shares in MAX Power Mining Corp., advancing Natural Hydrogen projects in Saskatchewan.

Forward-looking information in REV’s announcement includes plans for the Transaction, exploration activities, and the company’s business strategy. Risks like regulatory approvals, financing, and market conditions are considered. Investors are advised to review risk factors in the company’s public filings available on SEDAR+ website.

The TSX Venture Exchange and its Regulation Services Provider do not take responsibility for the accuracy of this release. The forward-looking information provided in the announcement is based on management’s expectations and reasonable assumptions. Actual results may differ from anticipated outcomes, and updates will be provided as required by applicable securities laws.

Read more at GlobeNewswire: REV Targets Entry Into American Market with LOI to Acquire