something like 3-6% of the Earth's crust is ferrous Fe(II) so in principle the quantity of hydrogen that could be produced in this manner is something ungodly like 1e15 tons. but the problem is the natural rate of formation is very slow because it's rate-limited by low rock surface areas and slow formation of new rock faces. hence shattering rocks with electricity to increase the reaction rate.
source: I worked on the 2024 us govt research effort that funded these guys
https://arpa-e.energy.gov/news-and-events/news-and-insights/...
Even if you might not be able to compute the efficiency before the process is actually completed, it would be foolish to start it without at least some rough estimate, to see if there are chances for this to be worthwhile.
I agree with the previous poster that the article should have included some estimate of the efficiency they hope to obtain, otherwise it is impossible to say whether this is newsworthy in a positive way (it could be newsworthy in a negative way, if they had wasted resources for a negligible outcome).