Element One Announces Closing of $1.3 Million Financing Led by Centurion One Capital

Executive Summary

• Element One Hydrogen & Critical Minerals Corp. closed a brokered private placement of 6,233,334 LIFE Units at $0.15 per unit, raising approximately $935,000 in gross proceeds.
• Simultaneously, the company closed the first tranche of a concurrent private placement of 2,416,667 units at $0.15 per unit, generating roughly $362,500 in gross proceeds.
• Net proceeds are earmarked for exploration activities and general working capital, strengthening the company’s liquidity position.

Key Details

• LIFE Offering: 6,233,334 units @ $0.15/unit → $935,000.10 gross proceeds. Each unit = 1 Common Share + ½ Warrant; full Warrants allow purchase of one Common Share at $0.20 for 36 months (exercise period begins 61 days after closing).
• Concurrent Offering: 2,416,667 units @ $0.15/unit → $362,500.05 gross proceeds. Each unit = 1 Common Share + 1 Warrant; Warrants exercisable at $0.20 per share for 36 months from closing.
• Lead Agent & Bookrunner: Centurion One Capital Corp., acting as sole bookrunner and lead agent.
• Commission & Fees Paid:
• Cash commission to Lead Agent: $103,800.01.
• Issuance of 692,000 broker warrants (Broker Warrants) granting holders the right to acquire one Concurrent Unit at $0.15 for three years.
• Corporate finance fee paid in kind: 416,666 LIFE Units and 448,334 Concurrent Units.
• Exemptions Utilized:
• LIFE Offering – listed issuer financing exemption (NI 45‑106 Section 5A.2) – no statutory hold period.
• Concurrent Offering – accredited investor/minimum amount investment exemptions – subject to a 4‑month + 1‑day hold period.
• Use of Proceeds: Net proceeds will fund exploration projects (including Foggy Mountain and other hydrogen/critical mineral targets) and provide general working capital.

Notable Quotes

(No direct quotes were provided in the release.)