Element One closes placement, first tranche of offering

Executive Summary

• Element One Hydrogen and Critical Minerals Corp. has closed two concurrent brokered private placements: a Listed Issuer Financing Exemption (LIFE) offering and a concurrent offering.
• The total gross proceeds from both offerings amount to approximately $1.3 million, with net proceeds intended for exploration activities and general working capital.
• Centurion One Capital Corp. acted as the lead agent and sole bookrunner for the transactions.

Key Details

• LIFE Offering Details:
  • Closed 6,233,334 units at a price of $0.15 per unit.
  • Gross proceeds of approximately $935,000.10.
  • Each LIFE unit consists of one common share and one-half of a warrant.
  • Warrants are exercisable at $0.20 per share for 36 months, starting 61 days post-closing.
  • Executed under the Listed Issuer Financing Exemption (NI 45-106) in BC, Alberta, and Ontario; no statutory hold period applies.
• Concurrent Offering Details:
  • Closed 2,416,667 units at a price of $0.15 per unit.
  • Gross proceeds of approximately $362,500.05.
  • Each concurrent unit consists of one common share and one common share purchase warrant.
  • Warrants are exercisable at $0.20 per share for 36 months from the closing date.
  • Executed under accredited investor and other prospectus exemptions; subject to a 4-month and 1-day hold period.
• Agent Compensation and Fees:
  • Cash commission paid to lead agent: $103,800.01.
  • Broker warrants issued: 692,000 warrants, exercisable at $0.15 per concurrent unit for three years.
  • Corporate finance fee paid in securities: 416,666 LIFE units and 448,334 concurrent units.
• Use of Proceeds: Exploration activities and general working capital.