Critical One Announces $2.0 Million Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES
Critical One Announces $2.0 Million Non-Brokered Private Placement
Toronto, ON – August 11, 2025 – Critical One Energy Inc. (formerly Madison Metals Inc.)
(“Critical One” or the “Company”) (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to
announce that it has arranged a private placement financing consisting of the sale of up to
3,400,000 units (the “Units”) in the capital of the Company at a price of CDN$0.60 per Unit for
aggregate gross proceeds of up to CDN$2,040,000 (the “Offering”).
Each Unit consists of one (1) common share in the capital of the Company (a “Common Share”)
and one common share purchase warrant (a “Warrant”). One Warrant entitles the holder thereof
to purchase one Common Share in the capital of the Company for a price of CDN$1.00 for a
period of eighteen (18) months from the date of closing.
All securities issued pursuant to the Offering described above will be subject to a four-month and
one-day hold period.
The Offering is scheduled to close on or about Aug ust 18, 2025, and is subject to certain
conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals.
The proceeds from the Offering will be used by the Company for activities directly relating to
activities at the Howells Lake Antimony Gold-Project, primarily for verification drilling, permitting,
to further strengthen the Company’s balance sheet, to pursue corporate strategies and for general
working purposes.
Board Changes
Critical One’s Board of Directors now consists of Duane Parnham, Roger Laine, Shawn Parnham
and Chet Idziszek, as Suzanne Wood and Victoria Donato failed to receive sufficient shareholder
votes for re-election at the Company’s July 21, 2025 annual general meeting.
“On behalf of the Board, I would like to thank Suzanne and Victoria for their years of dedicated
service, and we wish them the best,” said Duane Parnham, Founder, Executive Chairman and
CEO of Critical One.
About Critical One Energy Inc.
Critical One Energy Inc. (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 C ompany’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 i nterests 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.
Additional information about Critical One Energy Inc. can be found at criticaloneenergy.com and
on the Company’s SEDAR+ profile at www.sedarplus.ca.
For further information, please contact:
Duane Parnham
Executive Chairman & CEO
Critical One Energy Inc.
+1 (416) 489-0092
Media inquiries:
Adam Bello
Manager, Media & Analyst Relations
Primoris Group Inc.
+1 (416) 489-0092
Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or
accuracy of this release.
Forward-looking Statements
This news release contains “forward -looking information” within the meaning of applicable securities laws. All statements contained
herein that are not clearly historical in nature may constitute forward -looking information. In some cases, forward-looking information
can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”,
“proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressio ns, and grammatical variations
thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward -looking
information contained in this press release includes, but is not limited to, statements relating to the terms and timing of the private
placement described in this press release and the anticipated uses of the proceeds raised from such private placement.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based
on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, tha t: the
Company will receive all necessary approval required in order to complete the issuance of the securities pursuant to the priv ate
placement described in in this press release; and that there will be sufficient interest from potential investors in ord er to complete the
private placement on the terms as described herein or at all.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ
materially from future results expressed, projected, or implied by such forward -looking statements. Such risks include, b ut are not
limited to, the risk that the Company will not be able to proceed with the issuance of units on the terms described in this press release
or at all.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this
press release are expressly qualified in their entirety by this cautionary statement. The forward -looking statements contained herein
are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date .
The Company does not undertake any obligation to update publicly or revise any such forward -looking statements or any f orward-
looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain
any material difference between subsequent actual events and such forward-looking information, except as required under applicable
securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put
undue reliance on forward-looking information.