Northwire Canada EditionSunday, August 9, 2026
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Financings

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

CRTL · Price

Executive Summary

  • Critical One Energy Inc. announced a non‑brokered private placement of up to 1,000,000 flow‑through common shares at CDN $1.00 per share, targeting gross proceeds of up to CDN $1,000,000.
  • 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 $1.50 per share for 18 months.
  • Proceeds are intended to fund eligible Canadian exploration expenses related to flow‑through critical mineral mining expenditures; closing is expected on or about December 19, 2025, with a four‑month‑plus‑one‑day hold period on the securities.

Key Details

  • Offering Size: Up to 1,000,000 FT Shares
  • Price per Share: CDN $1.00
  • Maximum Gross Proceeds: CDN $1,000,000
  • Finder’s Cash Commission: Up to 6% of gross proceeds
  • Finder’s Warrants: Up to 6% of FT Shares issued; each warrant allows purchase of one common share at $1.50 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 (Canada)
  • Closing Date: On or about December 19, 2025
  • Hold Period: Securities subject to a four‑month and one‑day hold period after issuance

Notable Quotes

  • “The private placement will provide essential capital to advance our antimony‑gold exploration program and other critical mineral projects, positioning Critical One for continued growth in the clean‑energy economy,” – Duane Parnham, Executive Chairman & CEO.
Read the original news release →

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