Critical One Energy Arranges Oversubscribed CDN$7.65 Million Flow-Through Private Placement

Executive Summary

• Critical One Energy Inc. announced an oversubscribed, non‑brokered private placement for up to 7,650,000 flow‑through common shares at CDN $1.00 per share, targeting gross proceeds of up to CDN $7.65 million.
• The Company may pay finder’s fees in cash (up to 6% of gross proceeds) and issue Finder’s Warrants (up to 6% of the FT Shares issued) exercisable at CDN $1.50 per share for 18 months.
• Proceeds are earmarked for eligible Canadian exploration expenses on the Howells Lake Antimony‑Gold Project, including antimony, gold, copper, zinc and other base metals.

Key Details

• Offering Size: Up to 7,650,000 flow‑through common shares (FT Shares).
• Price per FT Share: CDN $1.00.
• Maximum Gross Proceeds: CDN $7,650,000.
• Finder’s Fees:
• Cash commission up to 6% of gross proceeds.
• Finder’s Warrants up to 6% of the FT Shares issued; each warrant allows purchase of one common share at CDN $1.50 per share for 18 months from closing.
• Use of Proceeds: To fund eligible “Canadian exploration expenses” that qualify as flow‑through critical mineral mining expenditures under the Canadian Income Tax Act, primarily for the Howells Lake Antimony‑Gold Project in Ontario.
• Project Focus: Exploration of antimony and gold, with additional work on copper, zinc, and other base metals at the Howells Lake Project (≈200 km from the Ring of Fire corridor).
• Closing Date: Expected on or about October 17, 2025.
• Holding Period: Securities issued will be subject to a four‑month and one‑day hold period.

Notable Quotes

(No direct quotes were included in the release.)