Element One completes 2025 exploration at HY

Executive Summary

• Element One Hydrogen and Critical Minerals Corp. has completed its 2025 exploration program on the HY Project in British Columbia, focusing on ultramafic rock prospectivity for hydrogen generation and nickel content.
• Rock sampling identified nickel-bearing ultramafic units with elevated nickel and no measurable sulphur, suggesting nickel is hosted within olivine or as the nickel-iron alloy awaruite.
• The company plans to prioritize further sampling, petrographic analysis, and geophysical interpretation to model the Trembleur ultramafic intrusion, while continuing collaboration with research partners for hydrogen stimulation and nickel extraction technologies.

Key Details

• Project Location & Scope: The HY Project is located 15 to 20 kilometres from Fort St. James, B.C., comprising nine contiguous mineral claims covering 2,757.6 hectares.
• Acquisition Rationale: The project was acquired due to the ultramafic rock prospectivity for hydrogen-generating iron-rich olivine and nickel contained within silicate minerals.
• Field Work: The 2025 program consisted of a two-day prospecting, rock sampling, and soil sampling campaign targeting exposures of the Trembleur ultramafic complex.
• Objectives:
  • Confirm the presence and extent of ultramafic lithologies.
  • Determine nickel content within these rocks.
  • Collect samples for research into hydrogen generation through stimulated oxidation of iron-bearing olivine.
• Assay Results: Rock sampling identified nickel-bearing ultramafic units with assay results showing elevated nickel and no measurable sulphur. This suggests the nickel is hosted either within olivine or as the nickel-iron alloy awaruite.
• Research Collaboration (Nickel): Sample splits are being delivered to Kemetco Research to support a Natural Resources Canada-funded study on extraction technologies for nickel from silicates and carbon sequestration.
• Research Collaboration (Hydrogen): Additional splits of iron-rich ultramafic rocks are provided to Dr. Greeshma Gadikota for Element One's research into hydrogen production from stimulated oxidation reactions.
• Technical Findings: Initial iron content in samples was lower than ideal for hydrogen stimulation applications, but the HY property remains a promising candidate due to its proximity to potential hydrogen end-users.
• Future Work Priorities:
  • Sampling additional ultramafic units for iron and nickel content.
  • Petrographic and microprobe analyses to determine olivine composition (forsterite/fayalite ratios).
  • Geophysical interpretation, including 2-D magnetic inversions, to model the geometry and volume of the Trembleur ultramafic intrusion.
  • Continued collaboration with research partners evaluating hydrogen stimulation and nickel-silicate extraction technologies.
• Qualified Person: Jeremy Hanson, PGeo, an independent geologist and qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information.

Notable Quotes

• "The company concludes that the HY property remains underexplored and that further work should prioritize..." (See Key Details for specific priorities).