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M&A / Property

Element One Hydrogen Announces Execution of Definitive Agreement to Acquire Hydrogen and Critical Mineral Extraction Technology

By The Northwire Desk — AI Analysis Feb 10, 2026 · 09:48 EONE · 0.14 Element One Hydrogen and Critical Minerals Corp.
EONE · Price

Executive Summary

  • Element One entered a definitive option and earn‑in agreement with Stone to H2, Inc., granting an exclusive right to acquire up to 100 % of Stone to H2’s shares through staged cash and share consideration.
  • The deal provides immediate access to proprietary subsurface hydrogen and critical‑mineral extraction technology, with up to US$6 M in cash (plus US$10 M field‑trial funding) potentially delivering a 96 % ownership stake.
  • Concurrently, Element One announced the appointment of Tim Johnson as Interim CFO and disclosed a new marketing services agreement with Bantr Media Inc.

Key Details

  • Agreement Structure: Exclusive option/earn‑in; replaces prior LOI (Oct 28 2025).
  • Year 1 Milestone: Issue 1,000,000 common shares + US$446,000 technology‑development funding → 10 % ownership.
  • Year 2 Milestone: Issue additional 2,000,000 shares + US$1,230,000 funding → 30 % ownership.
  • Year 3 Milestone: Issue additional 3,000,000 shares + US$2,000,000 funding → 60 % ownership.
  • Further Milestones: Up to 96 % ownership attainable by delivering up to US$6 M cash or share consideration plus US$10 M field‑trial funding as technology reaches defined readiness levels.
  • Access Rights: During earn‑in, Element One receives use of Stone to H2’s technology for development, testing, and commercialization; any IP improvements are jointly owned proportionally to earned interest.
  • Regulatory Condition: Transaction subject to customary approvals, including CSE (Canadian Securities Exchange) approval.
  • Executive Appointment: Tim Johnson appointed Interim CFO effective Feb 6 2026, replacing David Robinson.
  • Marketing Agreement: Bantr Media Inc. engaged for US$7,500 per month plus 250,000 options at $0.20/share (one‑year term, with a four‑month + one‑day hold).

Notable Quotes

  • “I am pleased to be working with Element One to advance and commercialize this important technology,” – Dr. Gadikota, CEO, Stone to H2.
  • “This agreement positions Element One at the forefront of geologic hydrogen innovation…provides a unique competitive advantage to others in the natural hydrogen industry,” – Timothy Johnson, COO, Element One Hydrogen.
Read the original news release →

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