Critical One Energy upsizes private placement to CDN$1.25 million

Critical One Energy Inc. (CSE: CRTL) announced it intends to complete an upsized non-brokered private placement offering of up to 1,250,000 flow-through common shares at CDN$1.00 per share for gross proceeds of up to CDN$1,250,000.

The company may pay finder's fees of up to 6.0% of gross proceeds raised and issue finder's warrants for up to 6.0% of the flow-through shares issued. Each finder's warrant will be exercisable at $1.50 per common share for 18 months from closing.

Critical One plans to use proceeds to incur exploration expenses that qualify as "flow-through critical mineral mining expenditures" under Canada's Income Tax Act. The offering is scheduled to close on or about December 19, 2025, with all securities subject to a four-month and one-day hold period.

The Toronto-based mining exploration company focuses on critical metals and minerals. Its portfolio includes the Howells Lake Antimony-Gold Project in Canada and uranium investment interests in Namibia. Critical One trades on the Canadian Securities Exchange under CRTL, on OTCQB as MMTLF, and on the Frankfurt Stock Exchange as 4EF0.

The company was formerly known as Madison Metals Inc. Information is based on a company press release.

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