Element One Enters Accelerated Growth Phase and Outlines Near-Term Development Catalysts
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ELEMENT ONE ENTERS ACCELERATED GROWTH PHASE AND OUTLINES
NEAR-TERM DEVELOPMENT CATALYSTS
Six-month progress report highlights advances in natural hydrogen, North American magnesium
and critical-mineral commercialization
VANCOUVER, BRITISH COLUMBIA – August 11, 2026 – Element One Hydrogen & Critical Minerals Corp.
(CSE: EONE) (the “Company” or “Element One”) is pleased to is pleased to report substantial progress in
building its integrated North American natural hydr ogen and critical-minerals platform and to outline a
series of technical, commercial and investor-awaren ess initiatives planned for the next three to six
months.
Investment Highlights
Integrated exposure to two emerging strategic secto rs: natural hydrogen and domestic critical
minerals.
One of the few proposed North American magnesium pr ojects combining domestic feedstock,
domestic processing and proprietary low-carbon technology.
Exclusive rights to proprietary subsurface hydrogen -stimulation and critical mineral extraction
technology being developed through research led by Columbia University.
Multiple potential catalysts anticipated during the next three to six months, including pilot-test
planning and engineering work for the magnesium pro ject as well as natural hydrogen project
advancement.
Expanded investor-awareness campaign intended to in troduce Element One’s developing
platform to a substantially larger North American investment audience.
Over the past six months, Element One has continued its transition from an early-stage natural hydrogen
explorer into a broader North American energy and c ritical-minerals company. The Company has
assembled a portfolio that combines prospective nat ural hydrogen projects, proprietary hydrogen-
generation technology and an emerging U.S.-based magnesium and critical-minerals projects.
This expanded strategy is designed to position Elem ent One at the intersection of three major global
priorities: energy security, critical-mineral independence and the development of lower-carbon industrial
technologies.
“Over the past six months, we have methodically ass embled the projects, technologies and technical
partnerships required to build a differentiated Nor th American natural hydrogen and critical-minerals
company,” said Tim Johnson, Chief Operating Officer of Element One. “Our focus during the next several
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months will be on execution—advancing technical pro grams on our projects, pursuing strategic and
government support, and communicating the scale of the opportunity to a much broader investment
audience.”
Six-Month Operating Highlights
Establishment of an Integrated North American Magnesium and Critical-Minerals Platform
Element One has advanced a potentially significant North American based critical-minerals initiative
centred on the production of magnesium and other high-value products from domestic olivine feedstock.
The Company entered into a memorandum of understanding with Twin Sisters Olivine Ltd. relating to the
supply of domestic olivine feedstock from a active quarry operation (“The Twin Sisters Project”) and access
to a suitable site for a proposed demonstration facility in Washington State. This relationship provides an
important foundation for the development of a vertically integrated domestic processing platform for the
production of magnesium products.
The proposed operation is being designed around a scalable demonstration facility capable of processing
approximately 50,000 tonnes of feedstock annually, subject to technical validation, financing, permitting
and definitive agreements. Subject to successful op eration of the initial demonstration facility, mark et
demand, financing and required approvals, the Compa ny’s longer-term development concept includes
the potential expansion that could increase total feedstock-processing capacity to approximately 100,000
tonnes annually.
Strategic Relationship with Revora Materials
Element One also entered into a memorandum of understanding with Revora Materials, Inc., a U.S.-based
mineral extraction technology company commercializi ng IonMet™, a proprietary electrochemical
technology for recovering multiple metals from various feedstocks.
Revora has completed laboratory testing of the extr action process and is preparing to advance toward
pilot-scale evaluation. Element One and Revora inte nd to assess the application of the technology to
domestic olivine feedstock from the Twin Sisters Pr oject, with the objective of producing high-purity
magnesium compounds and ultimately magnesium metal.
The project brings together three essential elements:
A secure source of domestic feedstock;
Domestic U.S. processing; and
Proprietary technology designed to support lower-carbon mineral extraction.
Element One believes this combination could establi sh one of the few integrated North American
magnesium-development projects bringing together do mestic feedstock, domestic processing and
proprietary low-carbon extraction technology.
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Magnesium is essential to the defense, aerospace, automotive, electronics and advanced-manufacturing
sectors. Its strength-to-weight ratio makes it particularly important in applications where reducing weight
while maintaining performance is critical. Despite its strategic importance, North America remains heavily
dependent on foreign magnesium supply.
Advancement of Natural Hydrogen Strategy
Element One has continued advancing its two-part natural hydrogen strategy:
1. Exploration for naturally occurring subsurface hydrogen accumulations; and
2. The development of technologies capable of stimulating hydrogen production through reactions
between water and iron-rich ultramafic rocks.
The Company’s natural hydrogen portfolio includes projects in British Columbia and Alaska situated within
geological settings believed to be prospective for natural hydrogen generation through stimulation
assuming the Company’s proven technology in the laboratory can be implemented in the field.
Element One also holds exclusive rights to propriet ary subsurface hydrogen-stimulation technology
developed through research led by Columbia Universi ty. The technology is intended to accelerate
naturally occurring geological reactions capable of producing hydrogen while creating the potential fo r
the associated recovery of critical minerals and permanent mineralization of carbon dioxide.
The Company believes the combination of natural hyd rogen generation, critical-mineral recovery and
potential carbon sequestration could ultimately pro vide a fundamentally different development model
from conventional hydrogen production and traditional mining.
Strengthening of Technical and Commercial Capabilities
During the period, Element One developed and expand ed relationships with academic institutions,
technology developers and feedstock owners. These r elationships provide the Company with expertise
across geology, mineral processing, metallurgical t esting, engineering, permitting and technology
commercialization.
Priorities for the Next Three to Six Months
During the next three to six months, the Company expects to focus on a series of potential value-driving
milestones, including pilot-program design, engineering-team selection, demonstration-facility planning,
government-funding applications, natural hydrogen t arget advancement and the expansion of its U.S.
investor presence.
1. Pilot-Scale Evaluation of Magnesium and Critical-Minerals Technology
The Company intends to work with Revora to finalize the scope of pilot-scale test work using North
American sourced olivine feedstock. The planned pro gram is expected to evaluate recoveries, product
purity, reagent requirements, energy consumption an d the potential scalability of the process to help
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define the engineering requirements for a larger de monstration facility and evaluating potential
commercial products and markets.
2. Demonstration-Facility Planning
Element One intends to continue evaluating the prop osed Washington State demonstration facility,
including preliminary engineering, infrastructure r equirements, feedstock logistics, permitting
considerations, capital requirements and potential production scenarios.
The Company also plans to engage qualified engineering and technical consultants to assist with process
design, metallurgical programs, economic studies and development planning.
3. Government Funding and Strategic Partnerships
The Company will also seek relationships with poten tial strategic partners, end users, government
agencies and research organizations capable of supporting technical validation, project financing, product
qualification and commercial development.
4. Natural Hydrogen Exploration and Technology Development
Element One intends to continue evaluating and prio ritizing its natural hydrogen projects in British
Columbia and Alaska. Upcoming work may include geol ogical analysis, target generation, sampling,
geophysical evaluation, permitting and the identification of suitable locations for future field programs.
The Company will also continue working with its research and technical partners to advance its proprietary
subsurface hydrogen-stimulation technology and assess potential field-testing opportunities.
5. Additional Project and Technology Opportunities
Element One continues to review complementary natur al hydrogen and critical-mineral opportunities
throughout North America through strategic geology, infrastructure, feedstock, processing capabilities or
access to important domestic markets.
Expanded Marketing and Investor-Awareness Campaign
To support the Company’s next stage of development, Element One is preparing to launch an extensive
investor-awareness and corporate-marketing campaign designed to significantly broaden its exposure in
Canada, the United States and selected international markets.
The campaign is expected to include:
A redesigned corporate website and refreshed investor presentation;
A regular schedule of operational and corporate news releases;
Expanded digital advertising and targeted investor-marketing programs;
Video interviews, management presentations and project-focused educational content;
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Outreach to mining, energy, critical-minerals and technology-focused media;
Participation in investor conferences, industry events and roadshows;
Direct engagement with institutional investors, investment advisors, family offices and resource-
sector investors;
Pursue an OTCQB quotation intended to improve visib ility and trading access for U.S. investors,
subject to satisfying applicable requirements;
Increased social-media activity across LinkedIn, X and other relevant platforms; and
Educational content explaining natural hydrogen, ma gnesium supply-chain vulnerabilities and
Element One’s integrated business model.
The marketing initiative will be coordinated with the achievement of technical and corporate milestones
so that increased investor awareness is supported by continued operating progress.
“Our story has evolved substantially, but we do not believe the market yet recognizes the scope of what
Element One is building,” stated Brad Kitchen, President and Chief Executive Officer of Element One. “We
now have exposure to natural hydrogen exploration, proprietary hydrogen-generation technology,
domestic magnesium feedstock and an innovative crit ical-minerals recovery platform. Our upcoming
marketing program will focus on clearly and consist ently communicating that opportunity while our
technical teams work to deliver the milestones capable of creating long-term shareholder value.”
Building a North American Energy and Critical-Minerals Company
Element One believes the work completed during the past six months has established a strong foundation
for an accelerated period of technical, commercial and corporate development.
The Company’s objective for the balance of 2026 is to demonstrate measurable advancement across its
principal business areas while strengthening its visibility among investors, strategic partners, governments
and potential end users.
About Element One Hydrogen & Critical Minerals Corp.
Element One Hydrogen & Critical Minerals Corp. (CSE : EONE) is building an integrated North American
natural hydrogen and critical minerals platform focused on advancing secure, domestic energy and critical
minerals supply chains. Through a growing portfolio of strategic resource assets, proprietary technologies
and industry partnerships, the Company is advancing the exploration, development and
commercialization of natural hydrogen, magnesium and other critical minerals. Element Ones’s projects
span British Columbia, Washington State and Alaska and are supported by collaborations with world-class
research institutions, including Columbia University, and strategic partnerships with industry, Indigenous
communities and government. By combining resource d evelopment with innovative processing
technologies, Element One is positioned to help strengthen North America’s energy security and domestic
critical mineral supply chains.
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For further information visit our website at www.e1-h2.com .
On behalf of the Board of Directors
Brad Kitchen
President and Chief Executive Officer
Element One Hydrogen & Critical Minerals Corp.
Email: [email protected]
Telephone: 604.506.7555
Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information
includes, but is not limited to, statements regardi ng the Company’s exploration, testing, engineering, development, commercialization and
marketing plans; proposed pilot-scale and demonstra tion-facility activities; the potential production of magnesium, magnesium compounds,
hydrogen and other critical minerals; the scalabili ty and commercial viability of technologies; the av ailability of feedstock; potential strategic
partnerships, government funding and financing; per mitting; future field programs; and the anticipated timing and results of the Company’s
activities.
Readers are cautioned not to place undue reliance o n forward-looking information. The Company undertak es no obligation to update such
information except as required by applicable securities laws.
Neither the Canadian Securities Exchange nor its Re gulation Services Provider accepts responsibility f or the adequacy or accuracy of this
release.