Critical One Energy Closes CDN$5.6 Million Tranche of Flow-Through Private Placement
Critical One Energy Closes CDN$5.6 Million
Tranche of Flow-Through Private Placement
Toronto, Ontario--(Newsfile Corp. - July 31, 2026) -
Critical One Energy Inc.
(CSE: CRTL) (OTCQB:
MMTLF) (FSE: 4EF) ("
Critical One
" or the "
Company
") is pleased to announce that it has closed a
non-brokered private placement offering of 5,116,910 flow-through common shares ("
FT Shares
") at a
price of CDN$1.10 per FT Share, for gross proceeds of CDN$5,628,601. This represents the first
tranche of a larger issuance of up to 6,250,000 FT Shares for aggregate gross proceeds of
CDN$6,875,000 (the "
Offering
").
In connection with the first tranche of the Offering, the Company paid an aggregate of CDN$333,216.05
in finder's fees, and issued 302,924 common share purchase warrants of the Company ("
Finder's
Warrants
"). Each Finder's Warrant is 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 proceeds from the sale of the FT Shares to incur eligible "Canadian
exploration expenses" that qualify as "flow-through mining expenditures" as such terms are defined in the
Income Tax Act
(Canada).
All securities issued pursuant to the Offering will be subject to a four-month and one-day hold period.
The Company intends to close a second tranche of the Offering on or before August 14, 2026 for
aggregate gross proceeds of up to CDN$1,246,399, consisting of the issuance of up to 1,133,090 FT
Shares at a price of CDN$1.10 per FT Share. The Company may provide compensation in connection
with the second tranche, consisting of a cash commission of up to 6% of the proceeds raised, as well as
Finder's Warrants in an amount up to 6% of the FT Shares issued.
The Company also announces that, subject to regulatory approval, it has granted incentive stock options
to directors, officers and consultants of the Company to purchase an aggregate of 950,000 common
shares under the Company's Stock Option Plan. Each option is exercisable at a price of CDN$0.90 per
common share, expires five years from the date of grant and vests on the date of grant.
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 terms and timing of the second tranche of the
private placement described in this press release and the anticipated uses of the proceeds raised
from the 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, that: there will be sufficient interest from potential
investors in order to complete the second tranche of the private placement on the terms as described
herein or at all; and the Company will be able to use the proceeds from the private placement as
currently anticipated and described herein.
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, the risk that the Company will
not be able to proceed with the issuance of common shares on the terms described in this press
release or at all, and that the Company will not have sufficient resources in order to carry out its
exploration plans as currently anticipated.
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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