Element One Hydrogen and Critical Minerals

Name

Element One Hydrogen and Critical Minerals

Legal name

Element One Hydrogen and Critical Minerals Corp.

Website

https://e1-h2.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Mineral Exploration and Development

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industry

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)

Keywords

• Geologic hydrogen exploration
• Critical minerals exploration
• Natural hydrogen production
• Mineral property acquisition
• Prospect generator mining

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Others

Revenue model

1. Exploration and Development of Geologic Hydrogen: As a pre-revenue exploration-stage company, Element One's primary model is prospect generation — identifying and acquiring high-potential hydrogen and critical mineral targets, advancing exploration through partnerships and JVs, and eventually commercializing discoveries through offtake agreements, project sales, or continued joint venture development. Revenue generation is not expected until 2026 at the earliest through joint venture arrangements.
2. Critical Minerals Production (Future): The proposed demonstration facility at Twin Sisters Olivine quarry in Washington State is designed to evaluate production of magnesium hydroxide, Class 1 nickel concentrate, iron oxide, silica, and natural hydrogen from olivine feedstock. If technically and commercially validated, this multi-commodity processing model could generate product revenues from sales of critical minerals and hydrogen to industrial end-users and energy markets.
3. Equity Financings / Capital Raises: Element One raises equity capital through brokered private placements (LIFE Offering and Concurrent Offering) led by Centurion One Capital, with each unit comprising common shares and warrants. Completed $1.3M financing in April 2026 (Tranche 1). Additional $544,950 raised in June 2026 via non-brokered private placements. These are not product revenues but rather financing activities to fund exploration.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels13 records

Core offering

Element One Hydrogen and Critical Minerals is a pre-revenue exploration-stage company that acquires, explores, and advances mineral properties prospective for natural (geologic) hydrogen and critical minerals (nickel, copper, PGEs, magnesium) across British Columbia and Alaska. It operates a prospect generator model, identifying targets through proprietary prospectivity modeling and stimulated hydrogen production research, then advancing projects through joint venture partnerships to mitigate capital risk. Future commercialization targets co-production of hydrogen and critical minerals from ultramafic rock formations.

Product overview

Element One Hydrogen and Critical Minerals is an exploration company pioneering a tripartite approach that combines geologic hydrogen exploration with critical minerals extraction and carbon sequestration. The company operates multiple exploration projects in British Columbia and Alaska (Star, Union Bay, HY, Shulaps, Foggy Mountain) and is developing proprietary technologies including stimulated hydrogen production through water injection into ultramafic rocks and patent-pending spinel oxide catalyst technology. Through a staged earn-in agreement, Element One is acquiring Stone to H2 technology for subsurface hydrogen and critical mineral extraction. The company also partners with academic institutions including Columbia University and Cornell University for research on hydrogen generation and critical metal recovery.

Differentiator

Problem solved

Functional benefit

Products and services

• Star Project A copper-nickel-PGM exploration project covering 11,082 acres in the Polaris ultramafic complex of north-central British Columbia, partnered with New England Research Inc. to evaluate geologic hydrogen production potential.
• Union Bay Project A 413-acre exploration property in the Ultramafic Belt of SE Alaska, approximately 50 km from Ketchikan and adjacent to tide water, with ultramafic geology prospective for hydrogen stimulation and PGE mineralization. Operated under an option agreement with Rockshield Opportunities Corp.
• HY Project A 100%-owned project of 9 contiguous mineral claims covering 2,757.59 hectares in the Omineca Mining Division of northwest British Columbia, featuring ultramafic intrusions linked to nickel-copper mineralization and hydrogen generation potential.
• Foggy Mountain Property A precious and base metals exploration property located in the Toodoggone historic mining region of Northern British Columbia, approximately 200 km north of Smithers, targeting skarn, polymetallic vein, and Cu-Au porphyry systems.
• Stimulated Hydrogen Production Technology A method of producing hydrogen by injecting water into ultramafic rocks to accelerate serpentinization, generating hydrogen as a byproduct, developed in collaboration with New England Research and other institutions.
• Patent-Pending Spinel Oxide Catalyst Technology Patent-pending technology for enhanced real-time hydrogen production using in-situ formation of spinel oxide catalysts derived from metal-bearing rocks such as olivine, enabling hydrogen generation at moderate temperatures and pressures with a 1,000x improvement over traditional iron-based systems.

Quantifiable outcome

• Natural hydrogen projected production cost of US$0.51–US$0.75/kg, compared to ~US$7.00/kg for green hydrogen and ~US$3.65/gallon equivalent gasoline
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered secondary and core.

• PRAI Inc.secondaryGTM or Marketing Partner · 23 June 2026Marketing services agreement with PRAI Inc. (Miami Beach, FL) commencing June 19, 2026 for six months or until budget exhaustion. Services include content marketing, native advertisements, SMS and email marketing, display advertisements, influencer networking, push notifications, OmniChannel programmatic advertising, and pay-for-click advertising. Compensation: C$500,000. PRAI is arm's length to Element One and does not own any securities of the company.
• Columbia UniversitycoreStrategic or Co-development Partner · 6 May 2026Element One entered a US$1.67 million sponsored research agreement with Columbia University spanning two years under direction of Dr. Greeshma Gadikota (Lenfest Earth Institute Chair, Professor in Department of Earth and Environmental Engineering and Columbia Climate School). Research advances integrated technologies for geologic hydrogen stimulation, co-recovery of critical and energy-transition metals (nickel, cobalt, manganese), and pathways for durable CO2 storage through post-stimulation mineral carbonation. Columbia retains IP ownership; Element One receives option to negotiate licenses to certain inventions.
• Twin Sisters Olivine, Ltd.coreStrategic or Co-development Partner · 5 May 2026MOU signed May 5, 2026 for long-term supply of high-grade olivine material (minimum 50,000 tonnes/year over initial five-year period, expandable to 100,000 tonnes/year) and sublease of property in Washington State for proposed demonstration facility. Twin Sisters ultramafic complex is recognized as one of the most significant olivine-rich bodies in North America. The proposed project would be the first U.S. hard rock demonstration project targeting both Class 1 nickel production and natural hydrogen from silicate mineral processing.
• Dr. Greeshma Gadikota and Aaron Mattson (Strategic Advisory Board)coreStrategic or Co-development Partner · 18 February 2026Formation of Strategic Advisory Board with Dr. Greeshma Gadikota (Lenfest Earth Institute Chair at Columbia University, globally recognized leader in sustainable subsurface energy systems) and Aaron Mattson (founder of Mafic Consulting Group, first consultancy dedicated exclusively to natural hydrogen, creator of GARTH AI-driven exploration model). Advisors will guide exploration strategy, project acquisition, commercialization pathways, and regulatory navigation. Each advisor receives options to purchase 100,000 common shares at $0.20 over two years.
• Stone to H2, Inc.coreTechnology or Integration · 10 February 2026Definitive option and earn-in agreement signed February 9, 2026 (replacing LOI signed October 28, 2025). Stone to H2 owns proprietary technology for subsurface critical mineral extraction and geologic hydrogen production via fluid injection and solution mining. Element One has exclusive option to acquire up to 100% of Stone to H2 through staged earn-in: Year 1 (1M shares + US$446K funding = 10%), Year 2 (2M shares + US$1.23M = 30%), Year 3 (3M shares + US$2M = 60%), with up to 96% available through additional milestones. Technology developed by Dr. Greeshma Gadikota (CEO of Stone to H2).
• Bantr Media Inc.secondaryGTM or Marketing Partner · 9 February 2026Marketing agreement with Bantr Media Inc. (New York/Palm Beach) for capital markets content and investor awareness campaigns. Initial term of six months. Company paying Bantr US$7,500 per month and 250,000 options to purchase one common share at a price of $0.20 for a period of one year. Bantr is arm's length to Element One.
• Rockshield Opportunities Corp. / Piton Exploration LLCcoreStrategic or Co-development Partner · 27 November 2025Rockshield Opportunities Corp. holds an option to earn 100% interest in Union Bay Property subject to Gross Overriding Royalty, with terms including US$175,000 cash payments, $1.2M exploration expenditures, and 2,750,000 share issuances over three years. Rockshield commissioned Alaska-based Piton Exploration LLC to conduct the 2025 field program (two-day helicopter-supported site visit, 52 rock samples collected from dunite, wehrlite, clinopyroxenite, and gabbro units). Fieldwork confirmed ultramafic rocks associated with PGE mineralization and natural hydrogen potential.
• New England Research Inc. (NER)secondaryStrategic or Co-development PartnerStar Project partnered with New England Research Inc. (NER) to study the potential for geologic hydrogen (Geo H2) production. NER is a leading research institution collaborating with Element One to advance the science and technology behind stimulated hydrogen production in the Polaris ultramafic complex in north-central British Columbia.
• Kemetco Research / Natural Resources CanadasecondaryStrategic or Co-development PartnerSamples from HY Project sent to Kemetco Research in support of an ongoing Natural Resources Canada-funded study on extraction technologies for nickel from silicates and carbon sequestration. This collaboration supports Element One's research into nickel-silicate extraction and hydrogen generation through stimulated oxidation of iron-bearing olivine.
• Revora MaterialssecondaryTechnology or IntegrationElement One intends to utilize proprietary and innovative mineral extraction processes developed in collaboration with Revora Materials alongside innovative hydrogen evolution technology under development for assessing co-production potential of natural hydrogen, Class 1 nickel concentrate, magnesium hydroxide, iron oxide, and silica from olivine feedstock at the proposed Washington State demonstration facility.

Scale indicators7 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• Plug Power: NASDAQ-listed leader in green hydrogen fuel cell systems and electrolyzers. Broader incumbent in the hydrogen economy that contextualizes Element One's natural hydrogen cost thesis against the green hydrogen benchmark (~$7/kg).

Direct peers

• HyTerra Ltd: ASX-listed natural hydrogen exploration company with operations in the US Mid-Continent Rift. Closest direct peer in the geologic/natural hydrogen exploration space, pursuing similar accumulation and stimulation targets with a comparable early-stage public company structure.
• Gold Hydrogen Ltd: ASX-listed natural hydrogen exploration company focused on the Ramsay Project in South Australia. Comparable as a pure-play geologic hydrogen explorer using proprietary prospectivity methods and pursuing first commercial production of natural hydrogen.
• Cascadia Minerals Ltd. Canadian junior copper-gold-silver explorer in BC, formed via merger with Granite Creek Copper. Relevant peer given overlapping management lineage with Element One's COO and shared BC mineral exploration focus.
• Nickel Creek Platinum Corp. TSX-listed PGM-nickel-copper developer with the Nickel Shäw Project in Yukon. Comparable as a junior pursuing critical minerals (PGM/nickel) from Canadian ultramafic complexes with similar capital markets profile.
• FPX Nickel Corp. TSX-V listed nickel developer targeting awaruite (nickel-iron alloy) resources at Baptiste in BC. Directly comparable as a Canadian nickel-from-ultramafic explorer with technology-driven processing pathway analogous to Element One's nickel-silicate extraction approach.
• Granite Creek Copper: TSX-V listed copper-nickel-PGM explorer in BC from which Element One acquired its Star and Union Bay projects. Relevant peer given shared project history and overlap in the Polaris ultramafic complex and SE Alaska ultramafic belt.
• Canada Nickel Company: TSX-listed nickel exploration and development company focused on the Crawford Project in Ontario. Closest Canadian-listed peer pursuing nickel-from-ultramafic resources, a key co-product of Element One's olivine processing thesis.

Emerging players

• Koloma: US-based private natural hydrogen company backed by Bill Gates's Breakthrough Energy and others. Comparable as a well-funded natural hydrogen startup, though at a more advanced and capital-intensive stage than Element One.
• Natural Hydrogen Energy: Early-stage US natural hydrogen exploration company pursuing the Mid-Continent Rift and other US hydrogen systems. Comparable emerging peer with a similar thesis on naturally occurring hydrogen accumulations in North American geology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/BuscandoRC
• YouTubeyoutube.com/@ElementOneHydrogen
• LinkedInlinkedin.com/company/element-one-h2
• Instagraminstagram.com/element.one.hydrogen/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Element One Hydrogen and Critical Minerals