ELEMENT ONE COMPLETES FLOW-THROUGH FINANCING RAISING $169,600 Explora on on Element One’s Hy Project successfully iden fied nickel-bearing ultramafic units that will be tested to evaluate hydrogen-s mula on and nickel-silicate extrac on poten al.
Explora�on on Element One’s Hy Project successfully iden�fied nickel-bearing ultramafic units that will be tested to evaluate hydrogen-s�mula�on and nickel-silicate extrac�on poten�al.
Vancouver, B.C. — December 31, 2025 – Element One Hydrogen & Cri3cal Minerals Corp. (“Element One” or the “Company”) (CSE: EONE) is pleased to announce that it has closed the non-brokered private placement for total gross proceeds of $169,600 (the “Offering”).
The Company has allo&ed and issued 1,130,667 units (the “FT Units”) at a price of $0.15 per FT Unit. Each unit consists of one “flow-through shares” of the Company, within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one transferable flow through share purchase warrant (a “FT Warrant”), with each FT Warrant en0tling the holder to acquire one addi0onal flow through common share at an exercise price of $0.30 for a period of twelve (12) months from the closing date.
The gross proceeds from the FT Units will be used by the Company to incur eligible “Canadian explora0on expenses” that qualify as “flow-through cri0cal mineral mining expenditures” as such terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”) related to the Company’s Cri0cal Mineral projects on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Shares effec0ve December 31, 2025.
In connec0on with the Offering, the Company paid aggregate cash fees of $9,586 and issued 63,786 non-transferable finder warrants (each, a “Finder Warrant”) to certain eligible arm’slength finders who introduced subscribers to the Placement. Each Finder Warrant en0tles the holder to purchase one common share for a period of one (1) year at a price of CDN$0.15 per common share. All securi0es issued under the Placement are subject to a hold period of four months and one day expiring on May 1, 2026.
About Element One Hydrogen & Cri3cal Minerals Corp.
Element One Hydrogen & Cri0cal Minerals Corp. (CSE: EONE) is a Canadian company focused on the explora0on, development, and commercializa0on of geologic hydrogen and cri0cal mineral resources, as well as breakthrough hydrogen-genera0on technologies. The company’s projects include the Foggy Mountain cri0cal minerals project as well as projects in Alaska and Bri0sh Columbia that are prospec0ve for hydrogen produc0on through s0mula0on in the subsurface as well as cri0cal and ba&ery metals.
Stay connected by following us on:
- X (formerly Twitter) at www.x.com/Element_One_H2
- LinkedIn www.linkedin.com/company/element-one-h2
- YouTube at www.youtube.com/@ElementOneHydrogen
For further informa0on visit our website at www.e1-h2.com or to connect directly, please reach out to Tim Johnson at [email protected] or 250.668.3161.
On behalf of the Board of Directors:
Brad Kitchen, CEO Element One Hydrogen & Cri0cal Minerals Corp.
e: [email protected] c: 604.506.7555
This press release contains "forward-looking informa�on" that is based on the Company's current expecta�ons, es�mates, forecasts, and projec�ons. This forward-looking informa�on includes, among other things, statements with respect explora�on and development plans, as an�cipated or at all. The words "will", "an�cipated", "plans" or other similar words and phrases are intended to iden�fy forward-looking informa�on. Forward-looking statements in this news release includes statements related to the Transac�on, receipt of all necessary regulatory approvals to the Transac�on, sa�sfac�on of the condi�ons precedent to the Transac�on, and related ma%ers. Forward-looking informa�on is subject to known and unknown risks, uncertain�es and other factors that may cause the Company's actual results, level of ac�vity, performance, or achievements to be materially different from those expressed or implied by such forward looking informa�on.
Neither the Canadian Securi�es Exchange nor its Regula�on Services Provider accept responsibility for the adequacy or accuracy of this release.