Canadian company Element One Hydrogen has finalised an agreement to acquire two new projects related to natural hydrogen and critical minerals located in British Columbia. The transaction, formalised through a share purchase agreement dated 24 September, includes a cash payment of $10,000 and the issuance of 1,250,000 common shares of the company at a deemed price of $0.21 per share. The acquisition remains subject to regulatory approval, including that of the Canadian Securities Exchange (CSE).
Targeted projects in geologically active zones
The first asset, the HY Project, spans 2,758 hectares across nine mineral tenures in the Omineca Mining District. The area benefits from paved road access and is located just five kilometres from Fort St. James, a regional industrial centre with a skilled workforce and developed infrastructure. The site is near Prince George, identified as an emerging hub for hydrogen development in British Columbia.
Geologically, the property lies atop ultramafic rocks favourable for natural hydrogen production via serpentinisation, a geochemical process. The presence of major regional faults may facilitate the upward migration of gas from deeper layers, creating favourable conditions for the accumulation of this energy gas.
A second project focused on stimulated hydrogen
The second asset, the Shulaps Project, covers 1,343 hectares through three mineral claims located approximately 48 kilometres northwest of Lillooet, in the historic Bridge River mining district. This site sits on the Shulaps ultramafic complex, previously explored for nickel, copper and platinum group elements (PGEs).
The company states that these partially serpentinised lithologies offer potential for stimulated hydrogen production, using engineered processes replicating natural serpentinisation. An initial exploration phase is planned shortly, including geological mapping and surface sampling through a targeted geochemical survey.
Strategic focus on natural hydrogen resources
These acquisitions strengthen Element One Hydrogen’s positioning in the research and development of geological resources supporting both natural and stimulated hydrogen production. British Columbia is under close scrutiny by energy players for its geological formations favourable to such processes.
The company’s portfolio now includes properties covering more than 4,100 hectares in historically mineral-rich zones. These projects are part of a low-cost exploration strategy, combining limited acquisition expenses with a technical approach centred on geological processes specific to hydrogen.
