Element One Advances Natural Hydrogen and Magnesium Development Plans

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Clean energy investors looking to get in on the ground level are paying attention to a new hydrogen and magnesium exploration company.

Key Takeaways

• Element One Hydrogen & Critical Minerals Corp. (EONE:CSE) is advancing magnesium and natural hydrogen projects in British Columbia and Alaska, along with its hydrogen-stimulation technology.
• The company plans a magnesium demonstration facility in Washington State using domestic olivine feedstock.
• Element One is working with Revora Materials to test magnesium recovery technology using olivine from the Twin Sisters project.
• The company plans pilot testing and engineering work for its magnesium project over the next three to six months.
• The company plans to expand its U.S. investor outreach and pursue an OTCQB listing, subject to requirements.

Company Advances Two Critical Minerals and Clean-Energy Initiatives

On August 11, 2026, Element One announced plans to advance technical and commercial work across its natural hydrogen and critical minerals portfolio during the next six months.

The company has been developing a magnesium and critical minerals initiative based on olivine feedstock from the Twin Sisters project in Washington State, through which Element One has access to domestic olivine feedstock from an operating quarry and a potential site for a demonstration facility. The facility is expected to have an initial feedstock-processing capacity of approximately 50,000 tonnes per year, while a potential future expansion could increase capacity to approximately 100,000 tonnes annually.

The company has also signed a memorandum of understanding with Revora Materials Inc. to evaluate Revora's IonMet electrochemical extraction technology for use with olivine feedstock from the Twin Sisters project. According to the release, Revora has completed laboratory testing of the extraction process and is preparing for pilot-scale evaluation. Planned testing with the olivine feedstock is intended to assess factors including metal recoveries, product purity, reagent requirements, energy consumption, and potential process scalability. The companies are targeting the production of magnesium compounds and, ultimately, magnesium metal.

At the same time, Element One is also continuing work on its natural hydrogen portfolio, which includes projects in British Columbia and Alaska. The company's strategy involves both exploration for naturally occurring subsurface hydrogen and development of technology to stimulate hydrogen generation. The company holds exclusive rights to subsurface hydrogen-stimulation technology developed through research led by Columbia University.

While the company has not yet established commercial-scale field performance for the technology, its upcoming work is expected to include evaluating potential field-testing opportunities and advancing geological targets.

Element One also announced an expanded investor-awareness campaign in Canada, the United States, and selected international markets. Planned activities include a redesigned website and investor presentation, additional corporate updates, digital advertising, investor-marketing programs, project-focused educational content, conference participation, and outreach to investors and industry media.

Regarding its stock, the company also plans to pursue an OTCQB quotation to improve U.S. trading access.

"Our story has evolved substantially, but we do not believe the market yet recognizes the full scope of what Element One is building," commented Brad Kitchen, President and CEO of Element One. "We are developing an integrated platform spanning natural hydrogen exploration, proprietary hydrogen-generation technology, domestic magnesium feedstock, and innovative critical-minerals recovery technology. Our upcoming marketing program will clearly and consistently communicate this opportunity, while our technical teams focus on achieving the milestones needed to build long-term shareholder value."

As a company, Element One is dedicated to developing an integrated natural hydrogen strategy and growing a portfolio of exploration aspects in critical minerals in both British Columbia and the U.S.

Natural Hydrogen Emerges as Potential Low-Carbon Energy Source

As a clean energy alternative, natural hydrogen could have the potential to replace or supplement oil and gas. In a conversation with Element One CEO Brad Kitchen on April 14, 2026, Kitchen told Streetwise Reports that natural hydrogen could be produced using their proprietary process for a fraction of the cost of oil and gas. When given the example of US$4.20 per gallon of gas, Kitchen asserted that the same amount of energy could potentially be produced through natural hydrogen for less than US$1. If the product can be gathered and processed on location, which Kitchen seems optimistic about, independent energy could be generated to run mines in remote places or provide rural communities with energy at a much lower cost. Due to the abundance of ultramafic rocks, which Kitchen said make up about 7% of the Earth, and the carbon-friendly nature of getting natural hydrogen, "There comes a point where it would make more sense to run the world on hydrogen than on oil and gas," Kitchen said. "We're really the leading edge in this technology, and the big thing is it's not some brand-new discovery. It's simply creating natural hydrogen in real time." 

In June of 2025, reports were already coming out about the potential future of natural hydrogen. The Royal Society quoted Professor Barbara Sherwood Lollar CC, FRS, as saying, "Hydrogen is already a US$135 billion industry and is a key component in critical industries such as fertilizer production. As the world searches for cleaner energy options, natural hydrogen could also offer a low-cost, low-carbon addition to our toolkit." Emerging technologies are making hydrogen a viable fuel for cars, planes, ships, and factories. Hydrogen demand around the world is projected to grow from around 90 million metric tons in 2022 to more than 500 million metric tons by 2050," said Fuel Cells Works.

The article went on to say, "The U.S. Geological Survey estimates there could be more than 5 trillion metric tons of geological hydrogen underground around the world. But only a small fraction of that is estimated to be recoverable, both technically and in terms of reasonable costs. However, even 2% of that total would be more than all proven natural gas reserves on the planet and enough to meet projected demand for the next 200 years, even accounting for increased consumption.

In terms of price, Fuel Cells Works argued that the cost could be well worth the rewards: "Because geological processes already performed the production work, early estimates suggest that extraction costs could be one‑tenth the production costs for other traditional hydrogen generation techniques — or possibly even less than that."

The scope for hydrogen uses and demands has the potential to expand into both commercial and private consumer industries. "At present, hydrogen demand is mostly from large industrial facilities like petroleum refineries and ammonia plants. Decarbonization efforts could create hydrogen demand from other large industrial buyers but also from smaller, local hydrogen-offtake ventures like vehicle fueling hubs," asserted a scientific research paper by Arnout JW. Everts, Jos Bonnie, and Ramon Loosveld for The International Journal of Hydrogen Energy in June 2025.

The other half of Element One's portfolio consists of magnesium exploration and production. Domestically, "Magnesium is designated as a critical mineral by both the United States and Canada and is essential for aerospace, automotive, defense, aluminum alloys, batteries, and lightweight manufacturing. North America currently imports an overwhelming majority of its magnesium supply, creating a strategic opportunity for domestic production."

The magnesium metals market is segmented, including products like magnesium alloys, magnesium compounds, pure magnesium, etc. According to a June 1, 2026, report by SNS Insider, the magnesium market was valued at US$5.60 billion in 2025 and is expected to reach US$9.52 billion by 2035.

Company Plans Technical Studies and Potential Field Testing

Element One's investor presentation breaks down the company's next steps into three categories: targeting acquisitions, technologies, and development.

The presentation lists the targeting acquisition plans as "... research into prospective areas in the continental U.S. outside of the Midcontinental hot spot, inspecting geologically modeled highly prospective areas near established oil and gas infrastructure, and assessing land acquisition and leasing costs. 

Over the next six months, Element One plans to finalize the scope of pilot-scale testing for the magnesium and critical minerals project with Revora, as well as continue preliminary evaluation of the proposed Washington State demonstration facility, including engineering requirements, infrastructure, feedstock logistics, permitting considerations, capital requirements, and potential production scenarios.

According to the release, Element One plans to engage engineering and technical consultants for process design, metallurgical testing, economic studies, and development planning. For its natural hydrogen portfolio, planned activities may include geological analysis, target generation, sampling, geophysical evaluation, permitting, and identification of locations for future field programs.

The company also intends to pursue government funding and relationships with strategic partners, potential end users, research organizations, and other parties that could support technical validation and project development.

Ownership & Share Information¹

Element One Hydrogen & Critical Minerals Corp. has a market cap of CA$4.89 million, with 57.54 million shares outstanding. The company's 52-week range is CA$0.06-CA$0.32. Strategic Investors own 8.97% of shares, while Management & Insiders own 7.81%. The remaining 83.22% of shares are Retail.

Frequently Asked Questions

Q: What is natural hydrogen?
A: Natural hydrogen, also called geological hydrogen, is hydrogen that occurs naturally underground through geological processes. Unlike manufactured hydrogen, it does not need to be produced through processes such as electrolysis or natural-gas reforming.

Q: How is natural hydrogen produced underground?
A: Natural hydrogen can form when water reacts with certain iron-rich rocks, including ultramafic rocks. These reactions can generate hydrogen that may accumulate in underground geological formations. Natural hydrogen can form through a geological process called serpentinization, in which water reacts with certain iron-rich rocks, including ultramafic rocks. This reaction can generate hydrogen that may accumulate in underground geological formations. 

Q: Why is natural hydrogen considered a potential clean energy source?
A: Hydrogen produces no carbon dioxide at the point of use when it is consumed in a fuel cell or burned. Natural hydrogen could potentially have a lower carbon footprint than hydrogen produced from fossil fuels because the hydrogen is generated naturally underground rather than manufactured.

Q: Why is magnesium considered a critical mineral?
A: Magnesium is used in products and industries including aerospace, automotive manufacturing, defense, aluminum alloys, and batteries. The U.S. and Canada have both identified magnesium as a critical mineral, while the North American supply remains heavily dependent on imports.