Critical One arranges $7.65-million private placement

Executive Summary

• Critical One Energy Inc. arranged an oversubscribed, non‑brokered private placement of up to 7.65 million flow‑through common shares at $1 per share, targeting gross proceeds of up to CDN$7.65 million.
• The company may pay finders’ fees in cash (up to 6% of gross proceeds) and/or warrants (up to 6% of the FT shares issued), with each warrant exercisable at $1.50 per common share for 18 months after closing.
• Proceeds will be used to fund eligible Canadian exploration expenses on the Howells Lake antimony‑gold project in Ontario, Canada; the offering is expected to close around October 17, 2025 and carries a four‑month‑and‑one‑day hold period.

Key Details

• Offering Size: Up to 7.65 million flow‑through (FT) common shares.
• Price per Share: $1.00 CAD per FT share.
• Gross Proceeds Target: Up to CDN$7.65 million.
• Finders’ Fees:
• Cash commission of up to 6% of gross proceeds.
• Warrants covering up to 6% of the FT shares issued; each warrant allows purchase of one common share at $1.50 CAD, exercisable for 18 months post‑closing.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow‑through critical mineral mining expenditures under the Canada Income Tax Act.
• Exploration Focus: Howells Lake antimony‑gold project (also targeting copper, zinc, and other base metals) located ~200 km from the Ring of Fire corridor in Ontario’s Thunder Bay mining division.
• Closing Date: Expected on or about October 17, 2025.
• Hold Period: All securities issued will be subject to a four‑month‑and‑one‑day hold period after issuance.

Notable Quotes

(No direct quotes were provided in the release.)