Element One Closes Acquisition of the Hy and Shulaps Projects
Vancouver, B.C. — November, 25 2025 – Element One Hydrogen and Cri�cal Minerals Corp. (“Element One” or the “Company”) (CSE: EONE) is pleased to announce the closing of its acquisi�on of the Hy Project and Shulaps Project from individual claim holders, as previously announced on September 24, 2025.
HY Project
The HY Project, located in the Omineca Mining District, consists of nine mineral tenures totaling 2,758 hectares. The property lies on paved road access within 5 kilometres of the village of Fort St. James, a long-standing industrial service town with a skilled workforce and established infrastructure located approximately 60 kilometres northwest of Prince George, which has been iden�fied as an emerging hub for hydrogen development in Bri�sh Columbia.
Geologically, the property is underlain by ultramafic rocks with poten�al to produce hydrogen through the s�mula�on and accelera�on of the natural process of serpen�niza�on. The project area is transected by major regional fault systems that may act as conduits to the subsurface, crea�ng favourable condi�ons for the trapping and accumula�on of natural hydrogen.
Shulaps Project
The Shulaps Project consists of three mineral claims covering 1,343 hectares, located in the southern Coast Mountains of Bri�sh Columbia, approximately 48 kilometres northwest of Lillooet in the historic Bridge River mining district.
The claims are underlain by the Shulaps ultramafic complex, which has previously been explored for nickel, copper, and PGEs. The Shulaps complex is comprised of variably serpen�nized ultramafic lithologies, which present opportuni�es for ar�ficial (s�mulated) hydrogen produc�on through engineered serpen�niza�on processes.
Transac0on Details
The Company entered into a Purchase and Sale Agreement dated September 23, 2025 with the arms-length Vendors pursuant to which the Vendors agreed to sell and the Company agreed to purchase all of the issued and outstanding shares of Shul-Hy Explora�on Corp. Pursuant to the Purchase and Sale Agreement, the Company has paid the Vendors a one �me payment of $10,000 and issued an aggregate of 1,250,000 shares of the Company at a deemed price of $0.21 per share.
Qualified Person
The scien�fic and technical informa�on on this news release has been reviewed and approved by Jeremy Hanson, P. Geo., an independent geologist to the Company who is a qualified person under the meaning of Na�onal Instrument NI 43-101.
About Element One Hydrogen & Cri0cal Minerals Corp.
Element One Hydrogen & Cri�cal Minerals Corp. (CSE: EONE) is a Canadian company focused on the explora�on, development, and commercializa�on of geologic hydrogen and cri�cal mineral resources, as well as breakthrough hydrogen-genera�on technologies. The company’s projects include the Foggy Mountain cri�cal minerals project as well as projects in Alaska and Bri�sh Columbia that are prospec�ve for hydrogen produc�on through s�mula�on in the subsurface as well as cri�cal and baFery metals.
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For further informa�on 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 & Cri�cal 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.