Critical One Energy Closes Oversubscribed CDN$7.65 Million Financing

Core Viewpoint - Critical One Energy Inc. has successfully closed an oversubscribed private placement, raising gross proceeds of CDN$7,650,000 through the issuance of 7,650,000 flow-through common shares at CDN$1.00 each, aimed at funding exploration activities in critical minerals [1][2]. Group 1: Financial Details - The gross proceeds from the sale of flow-through shares will qualify as "Canadian exploration expenses" under the Income Tax Act, specifically for critical mineral mining expenditures [2]. - The company paid a total of CDN$450,300 in cash finder’s fees and issued 371,400 common share purchase warrants, each exercisable at CDN$1.50 for 18 months [3]. - A total of 1,035,000 stock options were granted to directors, management, and consultants at a price of CDN$1.30 for a period of five years [4]. Group 2: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, particularly in antimony and gold, with significant exploration potential in Canada and uranium interests in Namibia [5]. - The company is strategically positioned to meet the increasing global demand for critical minerals and metals, leveraging its technical, managerial, and financial expertise to enhance project value [5].