Critical One Energy Closes Oversubscribed CDN$7.65 Million Financing

Executive Summary

• Critical One Energy Inc. closed an oversubscribed, non‑brokered private placement of 7,650,000 flow‑through common shares at CDN $1.00 per share, generating gross proceeds of CDN $7.65 million.
• The proceeds qualify as “Canadian exploration expenses” and will be used to fund the Company’s critical mineral exploration programs.
• Finder compensation of CDN $450,300 in cash and 371,400 common‑share purchase warrants (exercisable at CDN $1.50 for 18 months) was paid; directors, management and consultants received 1,035,000 stock options at CDN $1.30 per share (five‑year term).

Key Details

• Offering size: 7,650,000 flow‑through common shares issued.
• Price per share: CDN $1.00.
• Gross proceeds: CDN $7,650,000.
• Use of proceeds: Eligible as “Canadian exploration expenses” for flow‑through critical mineral mining expenditures under the Income Tax Act (Canada).
• Finder compensation:
• Cash fees – CDN $450,300 total.
• Finder’s Warrants – 371,400 warrants issued; each warrant allows purchase of one common share at CDN $1.50 for a period of 18 months from closing.
• Hold period: All securities issued are subject to a four‑month and one‑day hold period.
• Stock option grants: 1,035,000 options granted to directors, management and consultants at an exercise price of CDN $1.30 per share; options exercisable over five years under the Company’s stock option plan.

Notable Quotes

(No direct quotes were included in the release.)