Critical One closes uranium asset sale to Dark Star

Mr. Duane Parnham reports CRITICAL ONE SIGNS DEFINITIVE AGREEMENT FOR URANIUM PROPERTIES Critical One Energy Inc.'s (formerly Madison Metals Inc.) uranium asset sale to Dark Star Minerals Inc., as announced on June 12, 2025, has closed. Under the terms of the definitive agreement (DA), Dark Star will proceed with the second payment of $150,000 (U.S.) in cash and issue 14 million common shares to Critical One. Per terms of the DA, Dark Star will make further cash and share payments as per the following schedule to earn 100 per cent of Critical One's interest in the Khan and Cobra uranium projects located in Namibia, Africa. Once the staged cash and share issuances reach a combined value above $3.5-million (U.S.), Critical One will be granted a 2-per-cent gross overriding royalty on all metals produced from the two uranium projects. Dark Star can buy back 0.5 per cent of either royalty for $1.5-million (U.S.) within 30 days of the commencement of production from said uranium project(s). "We are looking forward to working with Dark Star to accelerate the exploration and development of these two significant uranium projects in the world's third-largest uranium-producing country, according to the World Nuclear Association," said Duane Parnham, founder, executive chairman and chief executive officer of Critical One. "As a significant shareholder and director of Dark Star, I will continue to contribute to the development of these two exciting uranium projects." About Critical One Energy Inc. Critical One Energy (formerly Madison Metals Inc.) is a forward-focused critical minerals and upstream energy company, powering the future of clean energy and advanced technologies. The addition of the Howells Lake antimony-gold project broadens the company's exposure to antimony, one of the most in-demand critical minerals. Backed by seasoned management expertise and prime resource assets, Critical One is strategically positioned to meet the rising global demand for critical minerals and metals. Its mine exploration portfolio is led by antimony-gold exploration potential in Canada and uranium investment interests in Namibia, Africa. By leveraging its technical, managerial and financial expertise, the company upgrades and creates high-value projects, thereby driving growth and delivering value to its shareholders. We seek Safe Harbor.