Critical One Energy Acquires 18.5% Interest in Dark Star Minerals, Bolstering Support for Uranium Development in Namibia

Core Viewpoint - Critical One Energy Inc. has acquired an 18.5% interest in Dark Star Minerals Inc., emphasizing its commitment to uranium asset development to meet energy demands while continuing to focus on its Howells Lake Antimony-Gold Project [1][2][4] Investment Details - The acquisition positions Critical One as a significant shareholder in Dark Star, aligning with its strategy to create value through partnerships for the global energy transition [2][4] - The investment follows the sale of Critical One's Khan and Cobra uranium projects to Dark Star for US$3.5 million, which included 14 million common shares of Dark Star and a 2% gross overriding royalty on metals produced [2][3] Project Potential - The Khan West Project has shown high-grade results of up to 8.47% U₃O₈, indicating significant potential for uranium production [3] - Namibia's Erongo uranium province is recognized for its favorable regulatory environment and proximity to established operations, enhancing the growth prospects for Dark Star's projects [3][4] Strategic Positioning - With Duane Parnham joining Dark Star's board, Critical One is well-positioned to influence the strategic development of uranium assets while maintaining focus on its Canadian projects [4] - This dual approach aims to address the rising global demand for critical minerals and clean energy solutions [4][5] Company Overview - Critical One Energy Inc. is focused on critical minerals and upstream energy, with a portfolio that includes the Howells Lake Antimony-Gold Project and uranium interests in Namibia [5][8] - The company leverages its expertise to enhance project value and drive growth, aligning with global energy transition goals [5]