The Project Luma’s ground

Luma’s ground

About 400 km² across two provinces. One thesis, three independent geological mechanisms.

Luma ground≈1 kmNeighbour drill holes
Overview

Luma holds about 400 km² of claims across Nova Scotia and Newfoundland and Labrador, spanning 40 licences across three distinct geological hydrogen (natural hydrogen) play types. The ground was staked early in the district’s emergence. Existing ground cannot be re-staked by others, and Luma continues to build its footprint.

The same ground carries dual potential. Alongside geological hydrogen, Luma’s claims host early-stage exploration targets for copper, nickel, cobalt, and chromite. See Critical Minerals.

≈ 400
km² of claims
2
provinces
40
licences
3
play types
2 zones

Click to enlarge

Zone 1
Flagship

Nova Scotia

Structure
Cobequid-Chedabucto Fault Zone
Licences
30
Area
about 274 km² (27,440 ha)

A fault-zone play on the same structure as a neighbouring operator’s reported discovery, its nearest hole within about 1 km of Luma’s claims. Existing onshore seismic data is available for reprocessing.

Click to enlarge

Zone 2
Earlier-stage

Newfoundland and Labrador

Belt
Western Newfoundland Ophiolite Belt, in the Bay of Islands Ophiolite Complex
Licences
10
Claim units
502
Area
about 126 km² (12,550 ha)

An ophiolite is a slice of the Earth’s oceanic crust and upper mantle that has been uplifted onto land; its iron-rich rock can generate hydrogen by serpentinization. This is the same belt as a listed explorer’s project (see attribution below).

Luma has not yet conducted its own exploration work on this ground. All results referenced near Luma’s claims are third-party results, attributed to the operators that reported them. Adjacent geology is prospective, not predictive.
Optionality
Stimulated hydrogen

Stimulated hydrogen is an emerging concept in which water is injected into iron-rich rock to accelerate the same hydrogen-generating reaction. Eden GeoPower, supported by a US$1.4M ARPA-E grant, is piloting the approach in Oman’s Samail Ophiolite. That is a third-party project not connected to Luma; Luma’s Newfoundland ground is a similar rock type, which makes this an optionality to explore, not a current activity.

Carbon sink potential

The same iron-rich serpentinite rocks that can produce hydrogen are also among the most reactive natural carbon-dioxide sinks known. Published research (Leila et al., 2025) indicates roughly 2.5 tonnes of this rock can mineralize about 1 tonne of CO₂. This is an emerging-science characteristic, not a current or assured Luma revenue stream.

Helium

Helium optionality exists across the portfolio, and Luma intends to test for it alongside hydrogen.

The District

An emerging district, accelerating in 2026

Nova Scotia, within Atlantic Canada, has rapidly become the most active region for geological hydrogen exploration in North America. Three things converged in a short window.

A discovery reported next door

A neighbouring operator, QIMC, reported a hydrogen discovery on the same fault structure as Luma’s flagship, with a peak reading of 10.77% hydrogen from drill hole DDH-26-03 at 848 m depth (QIMC news release, 20 May 2026), a step-out about 2.5 km along the corridor. QIMC’s nearest discovery hole (DDH-26-02) lies within about 1 km of Luma’s claims.

These results are attributed to QIMC, have not been independently verified by Luma, and are not indicative of results that may be achieved on Luma’s properties.
Rules in place

Nova Scotia passed the first Canadian legislative framework to recognise and regulate natural hydrogen as a subsurface resource, giving early regulatory clarity in the flagship jurisdiction. How existing claims convert to hydrogen-specific rights under the forthcoming combined framework is not yet settled and is not assured.

Capital arriving

Well-funded operators have been active in the same sector and district, a validation signal attributed to those parties’ own public disclosure. More than US$500M of strategic capital has moved into geological hydrogen worldwide in under five years.

What’s next

QIMC’s drilling and soil-gas results have helped define a new high-priority corridor in the district. That corridor is defined by QIMC’s work, attributed to its public disclosure, not independently verified by Luma, and not indicative of results on Luma’s properties. Luma’s claims lie along this corridor, and Luma plans surface exploration on its own claims in summer 2026.

Canadian policy backdrop (sector context only). Canada is building policy support for clean and geological hydrogen, including a federal hydrogen strategy and emerging federal and Atlantic incentive programs. This is sector and policy context only. The principal hydrogen production incentive is production-stage, while Luma is exploration-stage, so it is not a benefit accruing to Luma or its investors.
Nova Scotia · Atlantic Canada