Element One Announces $2 Million Brokered LIFE and Concurrent Offerings Led by Centurion One Capital

Natural Hydrogen - Raised by Nature, Fueled by Capital: Taking the next step in the hydrogen revolution.

Vancouver, British Columbia--(Newsfile Corp. - February 9, 2026) - Element One Hydrogen & Critical Minerals Corp. (CSE: EONE) ("Element One" or the "Company") is pleased to announce that it has entered into an agreement with Centurion One Capital Corp. (the "Lead Agent" or "Centurion") as lead agent and sole bookrunner in connection with a brokered private placement to raise up to $997,500 through the sale of up to 6,650,000 units of the Company (the "LIFE Units") at an issue price of $0.15 per LIFE Unit on a best effort basis (the "LIFE Offering"). Each LIFE Unit shall consist of one common share in the capital of the Company and one-half share purchase warrant (each whole warrant, a "Warrant"). Each Warrant issued under the LIFE Offering shall entitle the holder thereof to acquire an additional common share at a price of $0.20 for a period of 36 months from the date that is 61 days following the closing date of the LIFE Offering.

The LIFE Units will be offered for sale: (i) by way of a private placement pursuant to the listed issuer financing exemption under Section 5A.2 of National Instrument 45-106 - Prospectus Exemptions, as amended and supplemented by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption) in British Columbia, Alberta and Ontario (the "LIFE Exemption"); (ii) in the United States pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws; and (iii) in jurisdictions outside of Canada and the United States as mutually agreed to by the Company and the Lead Agent, provided it is understood that no prospectus filing, registration or comparable obligation arises in such other jurisdiction. The securities issued under the LIFE Exemption will not be subject to a statutory hold period pursuant to applicable Canadian securities laws.

The Company's offering document required under the LIFE Exemption and related to the Offering (the "Offering Document") can be accessed under the Company's profile on SEDAR+ and on the Company's website. Prospective investors should read the Offering Document before making an investment decision. In connection with the Offering, commissions will be payable in accordance with the policies of the Canadian Securities Exchange (the "CSE").