Northwire Canada EditionFriday, November 13, 2026
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Financings

Critical One Energy Announces Closing of Upsized CDN$1,430,000 Flow-Through Private Placement

CRTL · Price

Executive Summary

  • Critical One Energy Inc. closed a non‑brokered private placement of 1,430,000 flow‑through common shares at CDN $1.00 per share, generating gross proceeds of CDN $1,430,000.
  • The offering included payment of CDN $75,000 in finder’s fees and the issuance of 75,000 common share purchase warrants (exercisable at CDN $1.50 for 18 months).
  • Proceeds are earmarked for eligible Canadian exploration expenses; the company also announced plans to close an additional private placement of up to 300,000 shares for up to CDN $300,000 by December 24, 2025.

Key Details

  • Offering Size: 1,430,000 flow‑through common shares (FT Shares)
  • Price per FT Share: CDN $1.00
  • Gross Proceeds: CDN $1,430,000
  • Finder’s Fees Paid: CDN $75,000
  • Warrants Issued: 75,000 Finder’s Warrants – each allows purchase of one common share at CDN $1.50; term of 18 months from closing.
  • Use of Proceeds: To fund Canadian exploration expenses that qualify as flow‑through critical mineral mining expenditures under the Income Tax Act (Canada).
  • Holding Period: All securities issued are subject to a four‑month and one‑day hold period.
  • Future Placement: Intent to close an additional private placement on or before 2025‑12‑24 for up to CDN $300,000 (up to 300,000 FT Shares at CDN $1.00 each).
  • Additional Compensation for Future Placement: Up to 6% cash commission of proceeds and/or common share purchase warrants equal to up to 6% of the FT Shares issued; warrants exercisable at CDN $1.50 per share for 18 months.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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