Sprott Backs REV's Dual Gold & Hydrogen Play with $5.8M Infusion

VANCOUVER, BC – January 16, 2026 – REV Exploration Corp. (TSXV: REVX) has successfully secured a C$5.8 million war chest, a significant financial milestone anchored by a lead investment from billionaire resource investor Eric Sprott. The financing positions the junior explorer to aggressively advance its unique dual-pronged strategy: developing traditional gold assets in Quebec’s prolific Chibougamau camp while simultaneously pioneering the nascent field of natural hydrogen exploration in Western Canada.

The capital raise, finalized through two separate private placements, injects substantial funds into the company and, perhaps more importantly, provides a powerful market endorsement from one of the most influential figures in the junior resource sector.

The 'Sprott Effect' Signals Major Validation

The involvement of Eric Sprott is a pivotal development for REV Exploration. Through his beneficially owned corporation, Sprott acquired 6.67 million shares for C$2 million, establishing a significant 12.6% stake in the company. Sprott, a legendary figure in mining finance, is renowned for his contrarian investment philosophy and his ability to identify undervalued junior companies with high-growth potential, particularly in the precious metals space.

His backing is often seen as the “Sprott Effect”—a powerful signal of confidence that can de-risk an investment thesis for the broader market and attract further investor attention. While his reputation was built on gold and silver, Sprott has recently expanded his focus to include emerging, high-potential energy sectors. His investment in REV, which balances a traditional gold portfolio with a speculative but potentially revolutionary natural hydrogen play, indicates a strategic bet on the company’s diversified approach.

This move aligns with Sprott's known strategy of making direct investments through private placements in companies he believes are poised for substantial returns. His long-term investment view, as stated in the financing disclosure, suggests he sees significant upside in REV's dual-asset portfolio as it unfolds over the coming months and years.

A Two-Pronged Strategy: Gold and Green Energy

REV's strategy is a compelling blend of the familiar and the futuristic. The new funding will be allocated to advance both sides of its portfolio, offering investors exposure to two distinct resource narratives.

On the traditional side, the company holds a commanding land position in the Chibougamau Gold Camp of northern Quebec, with its holdings now spanning approximately 52,000 hectares. This region is a hotbed of activity and consolidation, recognized as one of Canada's most promising gold districts with an estimated 12.5 million ounces of gold resources held between major regional players. Companies like IAMGOLD are actively consolidating assets to create district-scale operations, underscoring the geological potential that REV aims to unlock on its JMW and Maxwell properties. The funding will allow for general exploration to advance these gold prospects within a proven and infrastructure-rich mining jurisdiction.

Simultaneously, REV is positioning itself as an early mover in the quest for natural hydrogen, also known as “white” or “geological” hydrogen. This naturally occurring resource is gaining significant attention as a potential clean energy game-changer. Unlike manufactured green or blue hydrogen, it is an energy source, not just a carrier, and is generated through continuous geological processes underground. The International Energy Agency (IEA) first recognized its potential in 2023, and preliminary studies suggest it could be produced at a fraction of the cost of other hydrogen types, with a minimal carbon footprint.

Pioneering the Natural Hydrogen Frontier

The majority of the proceeds are earmarked for REV’s flagship natural hydrogen project, the drill-ready Aden Dome asset located along the Alberta-Montana border. The company has described the project as having highly prospective seismic and geological data, making it a prime target for initial exploration drilling. A successful discovery here could prove transformative, not just for REV but for the entire North American energy landscape.

Further strengthening its position in this emerging sector, REV holds a significant equity stake in MAX Power Mining Corp., which controls the largest permitted land package for natural hydrogen exploration in Canada, located in Saskatchewan. This strategic investment gives REV broad exposure to the development of the natural hydrogen play across the Western Canada Sedimentary Basin, a region well-understood from decades of oil and gas exploration.

To spearhead this effort, REV recently appointed Shayne Neigum, a professional geoscientist with deep expertise in the oil and gas sector, as its Chief Operating Officer. His background in well planning and regulatory compliance is directly applicable to the technical challenges of exploring for and potentially producing geological hydrogen. While the industry is still in its infancy, lacking established regulatory frameworks in many jurisdictions, early movers like REV stand to capture immense value if the technology and economics prove viable.

A Fortified Treasury and Renewed Vision

The financing was structured in two parts: a C$3.0 million hard-dollar private placement of shares at $0.30 and a C$2.8 million offering under the Listed Issuer Financing Exemption (LIFE) at $0.40 per share. The LIFE offering shares are notably free of a statutory hold period, providing immediate liquidity for those investors. Following the closing, REV boasts an attractive capital structure with 53 million shares outstanding and a strong treasury to execute its plans.

In his comments on the financing, CEO Jordan Potts highlighted this renewed strength. "We welcome Eric Sprott as a major new investor in REV and we thank him for his support as we offer a compelling blend of our flagship and drill-ready Aden Dome Natural Hydrogen Project... with our portfolio of gold properties," Potts stated. "REV emerges from this financing with an attractive share structure and a strong treasury, giving us all the ingredients for a very exciting 2026.”

With capital secured, a legendary investor on board, and clear targets in both the gold and clean energy sectors, REV Exploration is poised to embark on a transformative year of exploration and development.