Element One Hydrogen closes $169,600 financing

Executive Summary

• Element One Hydrogen and Critical Minerals Corp. closed a non‑brokered private placement, raising $169,600 in gross proceeds.
• The offering consisted of 1,130,667 flow‑through units priced at $0.15 per unit, each unit including one flow‑through share and one transferable warrant (exercise price $0.30).
• Proceeds will be used to fund eligible Canadian exploration expenses for the company’s critical mineral projects through December 31 2026, with expenditures renounced to subscribers by December 31 2025.

Key Details

• Units Issued: 1,130,667 flow‑through (FT) units at $0.15 each → total gross proceeds of $169,600.
• Unit Composition:
• 1 flow‑through share (Canada Income Tax Act definition).
• 1 transferable FT warrant to acquire an additional flow‑through common share at $0.30 per share, exercisable for 12 months from closing.
• Use of Proceeds: Eligible Canadian exploration expenses that qualify as flow‑through critical mineral mining expenditures; all qualifying costs will be renounced to subscribers effective Dec 31 2025.
• Finder’s Compensation: Paid cash fees of $9,586 and issued 63,786 non‑transferable finder’s warrants, each allowing purchase of one common share at $0.15 for a period of one year.
• Hold Period: All securities subject to a hold period of four months and one day, expiring on May 1 2026.
• Closing Date: Placement closed on the date of this release (reported March 30, 2026).

Notable Quotes

(No executive quotes were provided in the release.)