Critical One Energy Regains Full Control of Uranium and Copper Assets in Namibia, Africa

Core Viewpoint - Critical One Energy Inc. has mutually agreed to terminate the purchase agreement with Dark Star Minerals Inc. regarding the sale of its Namibia assets, which include uranium and copper projects in a well-established mining jurisdiction [1][3][4]. Group 1: Termination of Agreement - The termination of the agreement was executed by mutual consent, with Critical One agreeing to return 14,200,000 common shares of Dark Star without incurring any termination fees or penalties [3]. - Duane Parnham, the Founder, Executive Chairman, and CEO of Critical One, has also terminated his advisory role with Dark Star effective immediately [3]. Group 2: Namibia Assets Overview - The Namibia Assets consist of interests in the Khan and Cobra uranium projects located in Namibia's Erongo uranium province, a region known for its significant uranium production [2]. - Namibia is recognized as one of the world's top uranium-producing countries, providing exposure to both uranium and copper potential [2]. Group 3: Strategic Focus - Following the termination, Critical One aims to regain full control of the Namibia Assets, which is seen as a strategic move given the renewed pricing strength in copper and uranium markets [4]. - The company’s primary focus remains on advancing the Howells Lake Antimony-Gold Project in Ontario, Canada, where it plans to commence its maiden drill program after receiving an exploration permit [4]. - The Howells Lake Project is strategically positioned to contribute to Canada's critical minerals strategy, reducing reliance on foreign supplies amid growing global demand [4][5]. Group 4: Future Plans - Critical One intends to explore the optionality created by the return of the Namibia Assets in a manner that complements its planned program at the Howells Lake Project [5]. - Further updates regarding the plan for the Namibia Assets will be provided as they are formalized [5]. Group 5: Company Overview - Critical One Energy Inc. is focused on critical minerals and upstream energy, with a portfolio that includes antimony, gold, uranium, and copper assets [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 value to shareholders [6].