Clean Energy Co. Secures Strategic Magnesium Resource to Meet US Demands

1. Element One Hydrogen & Critical Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Element One Hydrogen & Critical Minerals Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
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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.

Element One Hydrogen & Critical Minerals Corp. (EONE:CSE) CEO Brad Kitchen and COO Tim Johnson completed a recent site visit to the Twin Sisters olivine quarry in Whatcom County, Washington State, according to a June 1, 2026, press release. The visit came after the company's Memorandum of Understanding (MOU) with Twin Sisters Olivine Ltd to secure a long-term olivine supply and a proposed plant site in Washington to support Element One's hydrogen and critical minerals development in the U.S.

Element One collected samples from both the active quarry face and existing stockpiled crushed olivine material to be used for initial process testing and metallurgical evaluation programs. Bureau Veritas laboratories will complete ICP-ES analytical testing to confirm the presence of magnesium, nickel, iron, and other trace elements. The company hopes to position itself a producer of magnesium to the United States, which has no domestic production of the mineral. The partnership with Twin Sisters will allow Element One to purchase 50,000 tonnes of olivine feedstock per year, which is expandable to 100,000 tonnes. This number is significant because olivine typically contains 25-30% magnesium, or 550-660 lbs per tonne. U.S. import prices of magnesium ranged between US$3.00 and US$3.25 in 2024, the the gross in-situ value of magnesium is US$1,640 to US$2,145.

Kitchen commented: "The scale and quality of the Twin Sisters olivine operation further reinforces our belief that this project has the potential to become an important domestic source of critical mineral feedstock. The United States continues to seek secure and reliable domestic supply chains for magnesium, nickel, and other strategic materials, and Twin Sisters represents a unique industrial mineral platform with existing operational capacity."

A Canadian company, Element One aims to explore, develop, and commercialize natural hydrogen as a clean energy source.

Company Approaching Crucial Markets

Most people know of magnesium as a critical component to health, but its industrial uses are as lightweight structural alloys and as desulfurizing agents in steel production. In February 2026, a Yahoo Finance article claimed that the metal market was valued at US$5.6 billion in 2025 and expected to grow to US$8.67 billion by 2033. This growth is largely predicted to be driven by the automotive, aerospace, and electronics industries, in which weight-to-strength ratios are becoming increasingly important. 

No less important is Element One's focus on hydrogen. 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, Kitchen said, "There comes a point where it would make more sense to run the world on hydrogen than on oil and gas," before going on to say, "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.

Three Sectors in Pursuit

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.

As for technologies, the company's announcement today encompasses its ongoing development with a major U.S. university, exploring further technology for subsurface hydrogen, and garnering funding from various U.S. and Canadian research funds. In development, Element One is continuing exploration on key projects to design drill sites and actively seeking strategic partners for exploration and development. Element One will be implementing field testing of its new technology in the very near future.

Element One's current projects encompass the Foggy Mountain Project, the Star Project, and the HY Project in British Columbia, as well as the Union Bay Project in Alaska.

Ownership & Share Information¹

Element One Hydrogen & Critical Minerals Corp. has a market cap of CA$7.0 million, with 47 million shares outstanding. The company's 52-week range is CA$0.085-CA$0.32. Management and Insiders own 26.1% of shares, while Strategic Investors own 56.3%. The remaining 17.6% of shares are Retail.