Vancouver, British Columbia — February 10, 2026 — Leads & Copy —
Element One Hydrogen & Critical Minerals Corp. (CSE: EONE) has entered into a definitive option and earn-in agreement with Stone to H2, Inc., securing an exclusive option to acquire up to 100% of Stone to H2. The agreement, finalized on February 9, 2025, focuses on leveraging Stone to H2’s proprietary technology for critical mineral extraction and geologic hydrogen production.
Dr. Gadikota, CEO of Stone to H2, emphasized the importance of the collaboration, stating that it aims to advance and commercialize technology that facilitates in-situ mining of critical minerals and hydrogen production.
Stone to H2’s technology involves a staged recovery process of hydrogen and critical minerals from ultramafic rock through fluid injection and solution mining. The process also contemplates the storage of CO₂ in the same geological setting.
Timothy Johnson, Chief Operating Officer of Element One Hydrogen, stated that the agreement positions Element One at the forefront of geologic hydrogen innovation, critical metal extraction through solution mining, and strengthens Element One’s relationship with academic partners. He added that Stone to H2’s methods align with Element One’s vision to commercialize hydrogen technologies, providing a competitive advantage in the natural hydrogen industry.
Following Stone to H2’s licensing agreement with Cornell University, Element One moved forward with the Definitive Agreement. Cornell University is not a party to the Definitive Agreement, has no ownership interest in Element One, and has not reviewed or endorsed this press release or the commercial activities contemplated herein.
The Definitive Agreement, which replaces a previously announced letter of intent, outlines the terms for Element One to acquire Stone to H2 through a staged earn-in structure.
Under the Definitive Agreement, Stone to H2 would operate as a subsidiary of Element One upon any ownership acquisition.
The key earn-in terms include:
Year 1: Element One will issue 1,000,000 common shares and fund US $446,000 in technology development, earning a 10% interest within one year of receiving CSE approval.
Year 2: Element One will issue an additional 2,000,000 shares and US $1,230,000 in funding to reach a 30% interest within one year of the anniversary of receiving CSE approval.
Year 3: Element One will issue an additional 3,000,000 shares and US $2,000,000 in funding to reach a 60% interest within two years of the anniversary of receiving CSE approval.
Element One may earn up to 96% ownership by providing up to US $6,000,000 in additional cash or share consideration and US $10,000,000 in field-trial funding as the technology achieves defined readiness levels and successful field testing.
During the earn-in period, Element One will have access to Stone to H2’s technology for development, testing, and commercialization. Intellectual property improvements will be jointly owned in proportion to Element One’s earned interest.
In other news, Tim Johnson has been appointed Interim CFO, effective February 6, 2026, replacing David Robinson. The company also disclosed its marketing agreement with Bantr Media Inc., paying them US$7,500 per month and 250,000 options.
Completion of the transaction with Stone to H2 remains subject to customary regulatory approvals, including approval of the Canadian Securities Exchange.
Source: Element One Hydrogen & Critical Minerals Corp.
