Alaska Hydro (TSE:AKH.H) has released an update.
Alaska Hydro Corporation has announced that their More Creek hydroelectric project cannot fulfill the indigenous equity requirements for BC Hydro’s Call for Power, due to lack of engagement from the local Tahltan First Nation. Despite this setback, the company is continuing with the project’s permitting and engineering, and is exploring alternative private sale opportunities in sectors like hydrogen production and data processing. Alaska Hydro is also actively seeking additional development financing and investor interest.
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