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M&A / Property

Buscando acquires two B.C. hydrogen projects

By The Northwire Desk — AI Analysis Sep 24, 2025 · 19:30 EONE · 0.22 Buscando Resources Corp
EONE · Price

Executive Summary

  • Element One Hydrogen Corp. (formerly Buscando Resources Corp.) has acquired two geological hydrogen and critical mineral projects in British Columbia: the HY project and the Shulaps project.
  • The acquisition was executed via a share purchase agreement dated September 24, 2025, with arm's-length parties.
  • The total consideration for the acquisition is $10,000 in cash plus the issuance of 1.25 million common shares, valued at a deemed price of 21 cents per share.

Key Details

  • Transaction Structure: Share purchase agreement dated Sept. 24, 2025, with arm's-length parties.
  • Total Consideration: $10,000 CAD in cash and 1.25 million common shares of Element One Hydrogen Corp.
  • Share Valuation: Deemed price of 21 cents per share.
  • Regulatory Status: Subject to regulatory approvals, including those of the Canadian Securities Exchange (CSE).
  • HY Project Details:
    • Location: Omineca mining district, British Columbia.
    • Size: Nine mineral tenures totaling 2,758 hectares.
    • Access: Paved road access within 5 km of Fort St. James (approx. 60 km NW of Prince George).
    • Geology: Underlain by ultramafic rocks with potential for hydrogen production via serpentinization; transected by major regional fault systems acting as conduits for subsurface hydrogen accumulation.
  • Shulaps Project Details:
    • Location: Southern Coast Mountains, British Columbia, approx. 48 km NW of Lillooet in the historic Bridge River mining district.
    • Size: Three mineral claims covering 1,343 hectares.
    • Geology: Underlain by the Shulaps ultramafic complex (previously explored for Ni, Cu, PGEs); composed of variably serpentinized ultramafic lithologies suitable for artificial hydrogen production via engineered serpentinization.
  • Future Plans: Buscando intends to undertake an initial program of geological mapping and surface sampling (geochemical survey) at the projects in the near future.
  • Qualified Person: Jeremy Hanson, PGeo, independent consulting geologist, reviewed and approved the scientific and technical information per NI 43-101.
Read the original news release →

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