Critical One Energy Announces Closing of Upsized CDN$1,430,000 Flow-Through Private Placement

Core Viewpoint - Critical One Energy Inc. has successfully closed a non-brokered private placement offering, raising gross proceeds of CDN$1,430,000 through the issuance of 1,430,000 flow-through common shares at a price of CDN$1.00 per share [1][2]. Group 1: Offering Details - The private placement offering was an upsized version of a previously announced offering, which had gross proceeds of up to CDN$1,250,000 [2]. - The Company paid CDN$75,000 in finder's fees and issued 75,000 common share purchase warrants, each exercisable at CDN$1.50 for a period of eighteen months [3]. - An additional private placement is planned to close by December 24, 2025, aiming for gross proceeds of up to CDN$300,000 through the issuance of up to 300,000 FT Shares at the same price of CDN$1.00 per share [5]. Group 2: Use of Proceeds - The gross proceeds from the sale of FT Shares will be utilized for exploration expenses that qualify as "Canadian exploration expenses" under the Income Tax Act (Canada) [4]. Group 3: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, particularly in antimony and gold, with projects like the Howells Lake Antimony-Gold Project [6]. - The Company is strategically positioned to meet the rising global demand for critical minerals and metals, leveraging its technical, managerial, and financial expertise to drive growth and deliver shareholder value [6].