Critical One Energy Announces Upsized CDN$6,875,000 Flow-Through Private Placement
Critical One Energy Announces Upsized
CDN$6,875,000 Flow-Through Private
Placement
Toronto, Ontario--(Newsfile Corp. - July 24, 2026) -
Critical One Energy Inc.
(CSE: CRTL) (OTCQB:
MMTLF) (FSE: 4EF) ("
Critical One
" or the "
Company
") is pleased to announce an upsize to the non-
brokered private placement
announced on July 21, 2026
. Under the amended terms, the Company will
now issue up to 6,250,000 flow-through common shares ("
FT Shares
") at a price of CDN$1.10 per FT
Share for gross proceeds of up to CDN$6,875,000 (the "
Offering
").
"The strong institutional support for this oversubscribed financing gives us the runway to keep drilling,
follow up on the strong results from Phase I and advance the
Howells Lake Antimony-Gold Project
through to the end of 2027. It allows us to move the project forward from a position of financial strength,"
said Duane Parnham, Founder, Executive Chairman and CEO of Critical One.
The Company may pay finder's fees on a portion of the Offering to eligible finders in the form of (i) a cash
commission of up to 6.0% of the gross proceeds raised under the Offering, and (ii) common share
purchase warrants of the Company ("
Finder's Warrants
") in an amount up to 6.0% of the FT Shares
issued under the Offering. Each Finder's Warrant will be exercisable to purchase one common share in
the capital of the Company at a price of CDN$1.65 per common share for a period of eighteen (18)
months from the date of closing.
The Company intends to use the gross proceeds from the sale of the FT Shares to incur exploration
expenses that are eligible "Canadian exploration expenses" that qualify as "flow-through mining
expenditures" as such terms are defined in the
Income Tax Act
(Canada).
The Offering is scheduled to close in two tranches. The first tranche, of up to CDN$5,625,000, is
expected to close on or around July 30, 2026. The second tranche, of up to CDN$1,250,000, is
expected to close on or around August 14, 2026. All securities issued pursuant to the Offering described
above will be subject to a four-month and one-day hold period.
About Critical One Energy Inc.
Critical One Energy Inc. is a Canadian critical minerals and upstream energy company focused on
metals essential to energy, technology and national defence supply chains. The Company is advancing
the Howells Lake Antimony-Gold Project, which provides Critical One with direct exposure to antimony, a
critical metal of increasing strategic importance to Western nations, as well as meaningful gold
exploration potential across the property. Backed by seasoned management expertise, Critical One is
positioned to advance high-value mineral projects aligned with the rising demand for secure critical
minerals supply. The Company also holds uranium and copper assets in Namibia, providing additional
exposure to critical minerals and energy metals.
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, expressions,
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 Company's business strategy and objectives.
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, that: the Company will have the resources required
in order to conduct its business as currently operated.
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, but are not limited to, risks relating to the mining industry
in general, and other risks as described in the Company's continuous disclosure record on SEDAR+.
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 forward-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.
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