Critical One Announces $2.0 Million Non-Brokered Private Placement

Core Viewpoint - Critical One Energy Inc. has announced a private placement financing to raise up to CDN$2,040,000 through the sale of 3,400,000 units at CDN$0.60 per unit, with proceeds aimed at supporting its Howells Lake Antimony Gold-Project and strengthening its balance sheet [1][3]. Group 1: Private Placement Details - The private placement consists of units, each comprising one common share and one warrant, with the warrant allowing the purchase of an additional common share at CDN$1.00 for 18 months [2]. - The offering is expected to close around August 18, 2025, pending necessary regulatory approvals [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for verification drilling, permitting, corporate strategies, and general working purposes related to the Howells Lake Antimony Gold-Project [3]. Group 3: Board Changes - The Board of Directors has undergone changes, with Duane Parnham, Roger Laine, Shawn Parnham, and Chet Idziszek now serving, while Suzanne Wood and Victoria Donato were not re-elected [4]. Group 4: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, particularly in antimony and uranium, positioning itself to meet the growing global demand for these resources [5].