Element One Hydrogen has announced the acquisition of two new geological hydrogen and critical minerals projects in British Columbia, Canada, marking a significant step in its strategy to expand its natural hydrogen and mineral exploration portfolio.

The transaction is valued at an equity consideration of $0.20 million, comprising CA$10,000 ($7,229.17) in cash and the issuance of 1,250,000 common shares of Buscando at a deemed price of CA$0.21 ($0.15) per share. Following completion, Element One plans to initiate an exploration program that includes geological mapping, surface sampling, and geochemical surveys.

Located in the Omineca Mining District, the HY Project spans 2,758 hectares across nine mineral tenures. It lies just 5 km from Fort St. James, a long-standing industrial town, and 60 km northwest of Prince George, a growing hub for hydrogen development. The site is underlain by ultramafic rocks with strong potential for natural hydrogen generation via serpentinization, while major regional fault systems enhance conditions for hydrogen migration and accumulation.

The Shulaps Project covers 1,343 hectares across three mineral claims in the southern Coast Mountains, near the Bridge River mining district and 48 km northwest of Lillooet. It is underlain by the Shulaps ultramafic complex, historically explored for nickel, copper, and PGEs. The variably serpentinized ultramafic lithologies provide opportunities for engineered hydrogen production through artificial serpentinization, adding a valuable dimension to Element One’s exploration strategy.

This acquisition strengthens Element One’s foothold in British Columbia’s emerging hydrogen sector, aligning with the province’s growing focus on clean energy innovation. By advancing projects with both natural and engineered hydrogen potential, the company is positioning itself as a leader in Canada’s evolving hydrogen economy.

The transaction remains subject to regulatory approvals, including from the Canadian Securities Exchange (CSE).

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