Advances Element One's strategy to establish a domestic North American magnesium supply chain
Laboratory validated proprietary critical mineral extraction technology advances toward pilot-scale testing using Element One's U.S. olivine feedstock.
Creates a potential pathway to commercial production of magnesium, nickel and cobalt for strategic North American markets.
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) - Element One Hydrogen & Critical Minerals Corp. (CSE: EONE) ("Element One" or the "Company") is pleased to announce that it has taken another significant step toward establishing a vertically integrated North American magnesium supply chain by entering into a Memorandum of Understanding ("MOU") with Revora Materials ("Revora"), a New York-based critical minerals technology company commercializing advanced mineral extraction technologies.
The agreement combines Element One's secure access to a North American premier magnesium-rich olivine feedstock under the Company's previously announced supply agreement with Twin Sisters Olivine Ltd. in Washington State with Ravora's proprietary critical minerals extraction technology, creating a pathway to evaluate domestic production of magnesium products and potentially other minerals such as nickel, cobalt and silica.
Magnesium is designated as a critical mineral by both the United States and Canada and is essential for aerospace, automotive, defence, aluminum alloys, batteries and lightweight manufacturing. North America currently imports an overwhelming majority of its magnesium supply, creating a strategic opportunity for domestic production.
"This partnership with Revora represents another important milestone in our strategy to build an integrated North American critical minerals platform," stated Brad Kitchen, Chief Executive Officer of Element One. "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. "
Creating an End-to-End North American Critical Minerals Supply Chain
Element One has now assembled the foundational components required to evaluate the domestic production of magnesium products;
Large-scale U.S. magnesium-rich feedstock
Proprietary environmentally responsible extraction technology
Pilot-scale commercialization pathway
Potential downstream magnesium metal production
North American supply chain.