Element One Hydrogen & Critical Minerals Corp. has increased its listed issuer financing exemption offering to 7.0 million units and closed the first tranche of 3.5 million units at $0.10 per unit, advancing its dual-pathway natural hydrogen strategy.

Each unit under the offering consists of one common share and one share purchase warrant exercisable at $0.20 for a period of 36 months starting 61 days following the closing date. The company has filed an amended and restated offering document to reflect the upsized offering.

The capital supports an operational model combining conventional subsurface hydrogen exploration with hard-rock stimulation technologies. Element One holds an exclusive option to acquire Stone to H2, Inc., securing proprietary subsurface critical mineral extraction and geologic hydrogen production methods. In parallel, the company committed US$1.67 million to a two-year sponsored research agreement at Columbia University directed by Dr. Greeshma Gadikota to investigate geologic hydrogen stimulation and metal co-recovery.

The dual-pathway approach targets both trapped subsurface reservoirs in British Columbia and Alaska and in situ generation from iron-rich ultramafic rocks. These same reactive formations can contain magnesium, nickel and other critical metals alongside hydrogen feedstock.

" Our strategy is not dependent on a single theory of how the natural hydrogen industry will develop ," commented Brad Kitchen, CEO and President of Element One . " We are advancing the tools required to search for accumulated hydrogen while also supporting the development of technology intended to generate hydrogen directly from reactive hard-rock systems."

"We believe this dual approach is one of Element One's most important competitive advantages. It gives our shareholders exposure to both sides of the emerging natural hydrogen opportunity-exploration and technology-while creating the potential to recover valuable critical minerals from the same geological systems."

— Brad Kitchen, CEO and President of Element One

Following the completion of its 2025 field exploration program on the HY project, Element One has planned pilot-scale evaluation and demonstration facility activities over a three- to six-month horizon.

Read the full announcement: Element One Targets Earth's Oldest Clean Energy Source with Dual-Pathway Natural Hydrogen Strategy