Buscando Resources Corp Acquires Element One Hydrogen Ltd for Clean Energy and Critical Minerals Development
Key Ideas
  • Buscando Resources Corp has agreed to acquire 100% of Element One Hydrogen Ltd, expanding its asset base to include a clean energy initiative while focusing on critical minerals development.
  • The acquisition includes the Star Project in British Columbia and the Union Bay Project in Alaska, both with the potential to utilize novel hydrogen stimulation technologies for natural hydrogen production.
  • The Star Project, near Omineca resource road and hydro-electric power, offers logistical synergies with the company's flagship project, Foggy Mountain, enabling efficient field work planning.
  • The Union Bay Project is under an option agreement allowing Buscando to earn 100% interest by meeting certain financial milestones, further diversifying the company's portfolio.
Buscando Resources Corp. has announced the acquisition of Element One Hydrogen Ltd., a subsidiary of Granite Creek Copper Ltd., to enhance its focus on critical minerals development and embrace clean energy initiatives. Element One owns the Star Project in northern British Columbia and the Union Bay Project in Alaska, both situated in ultramafic settings capable of producing natural hydrogen through innovative stimulation technologies. The strategic move allows Buscando to expand its asset base and participate in the global energy transition. The Star Project's proximity to the Omineca resource road and hydro-electric power offers logistical advantages, enabling synchronized fieldwork with the Foggy Mountain project. The Union Bay Project is subjected to an option agreement for Buscando to earn full ownership through financial commitments. The company's president, Kyler Hardy, highlighted the synergies between both projects and outlined upcoming activities including geophysical target follow-ups and surface sampling. This acquisition positions Buscando at the forefront of mineral exploration and clean energy development.
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