Critical One Announces $1.0 Million Non-Brokered Private Placement

Core Viewpoint - Critical One Energy Inc. has announced a private placement financing to raise up to CDN$1,000,000 through the sale of 5,000,000 units at CDN$0.20 per unit, which will support its Howells Lake Antimony-Gold Project [1][4]. Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one-half of a common share purchase warrant, with full warrants allowing the purchase of one common share at CDN$0.35 for 18 months [2]. - The anticipated gross proceeds from the offering are up to CDN$1,000,000 [1]. Group 2: Insider Participation and Confidence - Insiders of the company are expected to participate in the offering, indicating management's confidence in the value and potential of the Howells Lake Antimony-Gold Project [3]. Group 3: Use of Proceeds - Proceeds from the offering will be allocated to activities related to the Howells Lake Antimony-Gold Project, including data processing, geophysics, permitting, drilling, and general working purposes [4]. Group 4: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, aiming to meet the rising global demand for these resources, with a portfolio that includes antimony in Canada and uranium in Namibia [5].