Element One closes placement, first tranche of offering

Mr. Brad Kitchen reports ELEMENT ONE ANNOUNCES CLOSING OF $1.3 MILLION FINANCING LED BY CENTURION ONE CAPITAL Element One Hydrogen and Critical Minerals Corp. has closed its brokered private placement of 6,233,334 units of the company at the price of 15 cents per listed issuer financing exemption unit for gross proceeds of approximately $935,000.10, which were previously announced on Feb. 9, 2026, and March 27, 2026. Concurrent with the LIFE offering, the company also closed the first tranche of a brokered private placement of 2,416,667 units of the company at a price of 15 cents per concurrent unit for gross proceeds of approximately $362,500.05. Each concurrent unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one warrant share at the exercise price of 20 cents per warrant share for a period of 36 months from the closing date of the concurrent offering. Centurion One Capital Corp. acted as lead agent and sole bookrunner in connection with the offerings. Each LIFE unit consists of one common share and one-half of a warrant. Each whole warrant will entitle the holder thereof to purchase one common share of the company at the exercise price of 20 cents per warrant share for a period of 36 months from the date that is 61 days following the closing date of the LIFE offering. In connection with the offerings, the company paid the lead agent an aggregate cash commission of $103,800.01 and issued an aggregate of 692,000 broker warrants. Each broker warrant entitles the holder to acquire one concurrent unit at a price of 15 cents for a period of three years from the date of issuance. Upon closing of the offerings, the company also paid the lead agent a corporate finance fee consisting of 416,666 LIFE units and 448,334 concurrent units. The company completed the LIFE offering pursuant to the listed issuer financing exemption under Section 5A.2 of National Instrument 45-106 (Prospectus Exemptions), as amended and supplemented by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption) in British Columbia, Alberta and Ontario. The securities issued under the LIFE exemption are not subject to a statutory hold period pursuant to applicable Canadian securities laws. The company completed the concurrent offering pursuant to the accredited investor, the minimum amount investment and other available prospectus exemptions under National Instrument 45-106 and other applicable securities regulations. All securities acquired pursuant to the concurrent offering are subject to a hold period of four months and one day pursuant to applicable Canadian securities laws. The company intends to use the net proceeds of the offerings for exploration activities and general working capital purposes. About Element One Hydrogen and Critical Minerals Corp. Element One is a Canadian company focused on the exploration, development and commercialization of geologic hydrogen and critical mineral resources, as well as breakthrough hydrogen generation technologies. The company's projects include the Foggy Mountain critical mineral project as well as projects in Alaska and British Columbia that are prospective for hydrogen production through stimulation in the subsurface, as well as critical and battery metals. We seek Safe Harbor.