Critical One Energy Announces Upsized CDN$1,250,000 Flow-Through Private Placement

Executive Summary

• Critical One Energy Inc. announced an upsized non‑brokered private placement of up to 1,250,000 flow‑through common shares at CDN$1.00 per share, targeting gross proceeds of up to CDN$1.25 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) exercisable at $1.50 per share for 18 months.
• Proceeds are intended to fund eligible Canadian exploration expenses related to critical mineral mining, supporting the Howells Lake Antimony‑Gold Project and other strategic initiatives.

Key Details

• Offering Size: Up to 1,250,000 flow‑through common shares (FT Shares).
• Price per Share: CDN$1.00.
• Maximum Gross Proceeds: CDN$1,250,000.
• Closing Date: Expected on or about December 19, 2025.
• Hold Period: All securities issued will be subject to a four‑month and one‑day hold period.
• Finder’s Compensation:
• Cash commission up to 6.0% of gross proceeds.
• Finder’s Warrants covering up to 6.0% of the FT Shares issued, exercisable at $1.50 per common share for 18 months from closing.
• Use of Proceeds: To incur Canadian exploration expenses that qualify as “flow‑through critical mineral mining expenditures” under the Income Tax Act, primarily supporting antimony‑gold exploration at Howells Lake and other strategic projects.
• Company Background (brief): Critical One Energy Inc., formerly Madison Metals Inc., focuses on antimony‑gold exploration in Canada and uranium interests in Namibia, positioning itself to meet growing demand for critical minerals.

Notable Quotes

• “The upsized private placement provides us with the capital needed to advance our high‑potential antimony‑gold project and pursue additional strategic opportunities,” – Duane Parnham, Executive Chairman & CEO.