Record Resources Inc (TSX-V:REC) said it is evaluating options to unlock value from its natural hydrogen properties in Ontario, aiming to capitalize on rising energy demand from artificial intelligence data centers.
The company, which owns three hydrogen-focused properties near the Lake Timiskaming region, said it is considering non-dilutive strategies to enhance shareholder value as interest grows in hydrogen as a potential baseload power source for energy-intensive AI infrastructure.
Power consumption from AI data centers is expected to more than double by 2030 to about 945 terawatt-hours, according to International Energy Agency estimates cited by the company.
Record’s flagship Lorrain-Bucke property, located near Lake Temiskaming, sits adjacent to a hydrogen discovery by Quebec Innovative Materials Corp and lies within a rift structure considered prospective for hydrogen-bearing systems. Hydrogen anomalies were previously identified in the region during fieldwork conducted in 2025.
The company’s Paradis Bay claims, located near Ville-Marie, Quebec, are positioned along a regional fault system where geological conditions may allow hydrogen gas to accumulate. The broader Lake Timiskaming area has seen reports of natural hydrogen seeps, highlighting exploration potential along the Ontario-Quebec border.
Record also holds the Beauchamp property, comprising 300 claims within the Timiskaming Rift zone. The site has yet to undergo hydrogen-focused exploration, though the company said geological features, including deep-seated fault systems, could support hydrogen generation and trapping.
The company added that its current market valuation does not reflect the potential of these hydrogen assets, and it is reviewing ways to realize value while advancing its broader portfolio.
Separately, Record said it will continue with its fully carried 2026 business plan in Gabon following its acquisition of the Ngulu oil and gas block last year.
Meanwhile, at its annual and special meeting held on February 27, shareholders elected six directors to the board, including Bill Torr, Robin Sutherland, Paul Craig, Nathalie Kavanagh, Michael Judson and David Johnson.