Critical One Closes Second Tranche Private Placement

Core Points - Critical One Energy Inc. has successfully closed a second tranche of its oversubscribed, non-brokered financing, raising an additional CDN$300,000 by issuing 500,000 units at a price of CDN$0.60 per unit, bringing total gross proceeds to CDN$3,301,199.40 from 5,501,999 units issued in both tranches [1][2][3] Group 1: 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 18 months [2] - The company paid CDN$18,000 in cash finder's fees and issued 30,000 broker warrants in connection with the second tranche [3] Group 2: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, aiming to meet the rising global demand for these resources [4] - The company has expanded its portfolio with the Howells Lake Antimony-Gold Project, enhancing its exposure to antimony, a critical mineral in high demand [4] - The company's exploration efforts include antimony-gold in Canada and uranium investments in Namibia, Africa, leveraging its technical and managerial expertise to drive growth [4]