Critical One Closes CDN$3 Million Private Placement

Core Viewpoint - Critical One Energy Inc. has successfully closed an oversubscribed non-brokered financing, raising a total of CDN$3,001,199.40 by issuing 5,001,999 units at CDN$0.60 per unit [1][2]. Financing Details - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one common share at CDN$1.00 for eighteen months [2]. - A director participated in the financing, acquiring 100,000 units for a total of CDN$60,000, which is classified as a related party transaction [2][3]. - The company has relied on exemptions from certain valuation and minority approval requirements under MI 61-101, as the transaction does not exceed 25% of the company's market capitalization [3]. Use of Proceeds - The proceeds from the private placement are intended for exploration activities at the Howells Lake Antimony-Gold Project and for general administrative expenses [5]. Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, aiming to meet the rising global demand for these resources [6]. - The company is strategically positioned with a portfolio that includes antimony-gold exploration in Canada and uranium interests in Namibia [6].