Core Points - Critical One Energy Inc. has successfully closed a second tranche of its oversubscribed, non-brokered financing, raising an additional CDN$300,000 by issuing 500,000 units at a price of CDN$0.60 per unit, bringing total gross proceeds to CDN$3,301,199.40 from 5,501,999 units issued in both tranches [1][2][3] Group 1: Financing Details - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one common share at CDN$1.00 for 18 months [2] - The company paid CDN$18,000 in cash finder's fees and issued 30,000 broker warrants in connection with the second tranche [3] Group 2: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, aiming to meet the rising global demand for these resources [4] - The company has expanded its portfolio with the Howells Lake Antimony-Gold Project, enhancing its exposure to antimony, a critical mineral in high demand [4] - The company's exploration efforts include antimony-gold in Canada and uranium investments in Namibia, Africa, leveraging its technical and managerial expertise to drive growth [4]

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Aug. 27, 2025 (GLOBE NEWSWIRE) -- Critical One Energy Inc. (formerly Madison Metals Inc.) (“Critical One” or the “Company”) (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce that, further to the press release issued on August 18, 2025, the Company has closed its oversubscribed, non-brokered financing and issued 5,001,999 units (the “Units”) at a price of CDN$0.60 per Unit for aggregate gross proceeds of ...

Group 1 - Critical One Energy Inc. has arranged a private placement financing of up to 3,400,000 units at a price of CDN$0.60 per unit, aiming for gross proceeds of up to CDN$2,040,000 [1][2] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at CDN$1.00 for 18 months [2] - The offering is expected to close on or about August 18, 2025, pending necessary regulatory approvals [3] Group 2 - Proceeds from the offering will be allocated to activities related to the Howells Lake Antimony Gold Project, including verification drilling and permitting, as well as strengthening the company's balance sheet [3] - The Board of Directors has undergone changes, with Duane Parnham, Roger Laine, Shawn Parnham, and Chet Idziszek now serving, while Suzanne Wood and Victoria Donato were not re-elected [4] - Critical One Energy Inc. focuses on critical minerals and upstream energy, with a strategic position to meet the rising global demand for critical minerals, particularly through its antimony-gold exploration in Canada and uranium interests in Namibia [5]

Core Viewpoint - Critical One Energy Inc. has successfully closed a non-brokered financing, raising CDN$1,000,000 through the issuance of 2,500,000 units at CDN$0.40 per unit, which will be utilized for exploration activities and general expenses [1][4]. Financing Details - The financing involved the issuance of units, each consisting of one common share and one-half common share purchase warrant, with full warrants allowing the purchase of one common share at CDN$0.60 for 18 months [2]. - A director participated in the financing, acquiring 230,000 units for a total of CDN$92,000, qualifying as a related party transaction [2][3]. Regulatory Compliance - The company relied on exemptions from valuation and minority approval requirements under Multilateral Instrument 61-101, as the transaction did not exceed 25% of the company's market capitalization [3]. Use of Proceeds - Proceeds from the private placement are earmarked for exploration activities at the Howells Lake Antimony Gold Project and for general administrative expenses [4]. Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, with a strategic position to meet the rising global demand for critical minerals, particularly through its antimony-gold exploration in Canada and uranium interests in Namibia [5].