Critical One Energy plans CDN$5.6M flow-through share placement

Critical One Energy Inc. (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF) announced plans for a non-brokered private placement of up to 5,059,090 flow-through common shares at CDN$1.10 per share, for gross proceeds of up to CDN$5,565,000.

The offering price represents a premium to the company's closing share price of CDN$0.93 on the day prior to the announcement. The placement is scheduled to close on or about July 30, 2026, with all issued securities subject to a four-month and one-day hold period.

Proceeds will be used to fund exploration expenses qualifying as "Canadian exploration expenses" and "flow-through mining expenditures" under Canada's Income Tax Act.

The company may pay finder's fees on a portion of the offering, including a cash commission of up to 6% of gross proceeds and common share purchase warrants equal to up to 6% of the flow-through shares issued. Each finder's warrant would be exercisable at CDN$1.65 per share for 18 months from closing.

Critical One Energy is a Canadian minerals company advancing the Howells Lake Antimony-Gold Project in addition to uranium and copper assets in Namibia, according to the press release.

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