Vancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN" or the "Company") announces the start of focused technical research to identify and recommend non-radioactive surrogate molten-salt fuel mixtures for use in future lab-scale protypes. This initial phase marks the beginning of the design, design optimization and reactor fuel materials for small nuclear reactors (SMRs) project with the University of Alberta lead by Prof. Muhammad Taha Manzoor. The outcome of this research will guide First Hydrogen's next research and development (R&D) steps, including lab setup, test planning, and supplier engagement.
First Hydrogen and its technical advisors will undertake a comprehensive review and consultative process to select candidate surrogate mixtures that mimic the thermophysical behavior of uranium-bearing fuel salts and a base molten salt mixture. The research will prioritize mixtures suitable for near-term lab evaluation and early prototype development-without the use of uranium in this phase-ultimately advancing First Hydrogen's commercial scale-up objectives. Prof. Manzoor's team will conduct a detailed analysis to identify the most suitable molten-salt mixtures for SMRs and access their availability and procurement options, including potential supplies, tariffs, export controls and the other regulatory requirements.
Molten-salt fuels have attracted growing interest for their ability to deliver safe, efficient, and flexible nuclear energy. Unlike conventional solid fuel rods, fuel dissolved in molten salts can circulate through a reactor core, allowing for more efficient heat transfer and inherently safer operating conditions. These salts remain stable at high temperatures and low pressures, reducing the risk of high-pressure accidents and enabling smaller, modular reactor designs.
Dr. Manzoor commented, "We are excited to officially kick-start this project on molten salt fuels with First Hydrogen. We intend to bring in world-class researchers and incorporate low-hazard approaches into our lab-scale experimentation while supporting First Hydrogen's future objectives for molten salt fuels in SMRs."
"This non-radioactive work helps us de-risk future R&D by identifying practical surrogate salts for lab prototypes. It is the first step that aligns with our longer-term vision of pairing firm, clean energy for data centres, AI, green hydrogen production while also providing a source of fuel for use in all SMRs," commented Balraj Mann CEO of First Hydrogen.
In the International Energy Agency's (IEA) report titled, "Energy and AI", the IEA estimates that data centre electricity consumption will more than double, growing from 415 terawatt-hours (TWh) in 2024 to 945 TWh by 2030. The need for electricity will be driven by a significant change in the capabilities of artificial intelligence (AI) fueled by falling computation costs, a surge in data availability and technical breakthroughs. (IEA (2025), Energy and AI, IEA, Paris https://www.iea.org/reports/energy-and-ai, Licence: CC BY 4.0)
For further information, please contact:
First Hydrogen Corp.
Investor Relations
Email: info@firsthydrogen.com
Website: www.firsthydrogen.com
About First Nuclear Corp. (FirstNuclear.com)
First Nuclear Corp. is committed to developing and commercializing advanced clean energy solutions, including green hydrogen produced by state-of-the-art Small Modular Reactors. The Company aims to provide scalable, sustainable, and economically viable alternatives to meet global climate goals and enhance energy security.
About First Hydrogen Corp. (FirstHydrogen.com)
First Hydrogen Corp. is a Vancouver, Montreal, Germany and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution. The Company has designed and built two hydrogen- fuel-cell-powered light commercial vehicles ("FCEV"). The FCEV are road-legal in the United Kingdom (excluding Northern Ireland) with 6,000 km of testing completed and have achieved a range of 630+ kilometres on a single refueling. The vehicles have successfully been trialled in real-world conditions with fleet operators in the United Kingdom.
On behalf of the Board of Directors of
FIRST HYDROGEN CORP.
"Balraj Mann"
Chairman & Chief Executive Officer
Contact:
Balraj Mann
First Hydrogen Corp.
604-601-2018
investors@firsthydrogen.com
Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward-looking information is provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.
The forward-looking statements made in this news release are based on management's assumptions and analysis and other factors that may be drawn upon by management to form conclusions and make forecasts or projections, including management's experience and assessments of historical trends, current conditions and expected future developments. Although management believes that these assumptions, analyses and assessments are reasonable at the time the statements contained in this news release are made, actual results may differ materially from those projected in any forward-looking statements. Examples of risks and factors that could cause actual results to materially differ from forward-looking statements may include: the timing and unpredictability of regulatory actions; regulatory, legislative, legal or other developments with respect to its operations or business; limited marketing and sales capabilities; early stage of the industry and product development; limited products; reliance on third parties; unfavourable publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital requirements and liquidity; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; shifts in the demand for First Hydrogen's products and the size of the market; patent law reform; patent litigation and intellectual property; conflicts of interest; and general market and economic conditions.
The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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