Critical One Energy plans CDN$1 million private placement

Critical One Energy Inc. (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) announced plans to complete a non-brokered private placement offering of up to 1 million flow-through common shares at CDN$1.00 per share, targeting gross proceeds of up to CDN$1 million.

The company may pay finder's fees on portions of the offering, including cash commissions up to 6% of gross proceeds and finder's warrants up to 6% of issued shares. Each finder's warrant would be exercisable at $1.50 per common share for 18 months from closing.

Critical One intends to use proceeds for exploration expenses qualifying as "Canadian exploration expenses" and "flow-through critical mineral mining expenditures" under Canada's Income Tax Act. The offering is scheduled to close around December 19, 2025, with securities subject to a four-month and one-day hold period.

The Canadian mining exploration company focuses on critical metals and minerals, with its Howells Lake Antimony-Gold Project representing its primary asset. The company also holds uranium investment interests in Namibia.

Critical One Energy was formerly known as Madison Metals Inc. The information is based on a company press release.

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