Minerals Corp Teams Up to Produce Domestic Magnesium Supply

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.
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Element One Hydrogen & Critical Minerals Corp. 
3. Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
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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.

On July 7, 2026, Element One Hydrogen & Critical Minerals Corp. (EONE:CSE)  announced the beginning of a technological partnership with Revora Materials, a New York-based critical minerals tech company. Element One considers this move to be a significant step toward establishing a vertically integrated North American magnesium supply chain. Revora focuses on commercializing advanced mineral extraction technologies, and the agreement between the two companies combines Element One's supply agreement with Twin Sisters Olivine Ltd. in Washington state with Revora's proprietary critical minerals extraction technology.

Brad Kitchen, CEO of Element One, said in the release: "This partnership with Revora represents another important milestone in our strategy to build an integrated North American critical minerals platform. We have secured access to a significant source of magnesium-rich feedstock at Twin Sisters and have now complimented this with potentially transformative processing technology to evaluate domestic magnesium production of high-value products. We believe this positions Element One at the intersection of critical minerals, advanced environmentally responsible manufacturing and North American supply chain security."

Through this collaboration, Element One believes it is now positioned to create a pilot-scale commercialization pathway for potential downstream magnesium production in North America.

Revora's CEO, Sravanth Gadikota, was quoted in the release as saying: "Our collaboration with Element One is a natural fit for where Revora is right now. We've spent the last several years developing and validating IonMet™, our technology platform that recovers multiple critical minerals from a single ultramafic feedstock. Element One's olivine deposit in Washington State gives us access to one of the highest-purity, large-scale domestic feedstock sources on the continent. This partnership provides exactly the scale we need to move toward full commercial validation. Together, we're demonstrating that North America has both the feedstock and the technology to build a domestic critical minerals supply chain — and that the time to act is now."

With these partnerships with Revora and Twin Sisters secured, Element One hopes to develop a commercial facility capable of producing high-purity magnesium compounds and magnesium metals. As a company, Element One is dedicated to developing an integrated natural hydrogen strategy and growing a portfolio of critical mineral exploration aspects in both British Columbia and the U.S.

Domestic Magnesium Production Crucial

In the press release, the company noted that magnesium plays a critical role in the defense, aerospace, automotive, and energy markets. 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.

Element One also works with hydrogen production as part of its portfolio. 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." 

Entering Both the Metals and Energy Sectors

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$3.48 million, with 49.64 million shares outstanding. The company's 52-week range is CA$0.06-CA$0.32.

Management and Insiders own 7.81% of shares, while Strategic Investors own 8.97%. The remaining 83.22% of shares are held by Retail.