Critical One Energy Closes Oversubscribed CDN$7.65 Million Financing

Core Insights - Critical One Energy Inc. has successfully closed an oversubscribed private placement, issuing 7,650,000 flow-through common shares at CDN$1.00 per share, raising gross proceeds of CDN$7,650,000 [1][2] Group 1: Financial Details - The gross proceeds from the sale of FT Shares will qualify as "Canadian exploration expenses" under the Income Tax Act (Canada) [2] - The company paid a total of CDN$450,300 in cash finder’s fees and issued 371,400 Finder's Warrants, which can be exercised at CDN$1.50 per share 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 through its Howells Lake Antimony-Gold Project [5] - The company is strategically positioned to meet the rising global demand for critical minerals and metals, with exploration interests in Canada and uranium investments in Namibia [5] - The management team leverages technical, managerial, and financial expertise to enhance project value and drive growth [5]