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Critical One Energy Inc. (formerly Madison Metals Inc.) (” Critical One ” or the ” Company “) (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0), a leading Canadian mining exploration company focused on critical metals and minerals, is pleased to announce that, further to the press release dated October 8, 2025, the Company has become an oversubscribed, completed a non-brokered private placement and issued 7,650,000 common flow-through shares (“FT Shares”) at a price of CDN$1.00 per FT Share for gross proceeds of CDN$7,650,000 (the “Offering”).
The gross proceeds from the sale of FT shares qualify as ‘Canadian exploration expenses’ which qualify as ‘flow-critical mining expenditures’ as defined in the Income Tax Act (Canada).
In connection with the Offering, Critical One has paid compensation to certain eligible finders, consisting of cash finder’s fees in the aggregate amount of CDN$450,300, and 371,400 common stock purchase warrants of the Company (” Finder’s orders “). Each Finder’s Warrant will be exercisable to purchase one common share in the capital of the Company at a price of CDN$1.50 per common share for a period of eighteen (18) months from the date of closing.
All securities issued pursuant to the Offering described above are subject to a holding period of four months and one day.
Critical One has also granted 1,035,000 stock options to directors, management and consultants at a price of CDN$1.30 for a period of five years, in accordance with the company’s stock option plan.
About Critical One Energy Inc.
Critical One Energy Inc. (formerly Madison Metals Inc.) is a forward-thinking critical minerals and upstream energy company, driving the future of clean energy and advanced technologies. The Howells Lake Antimony-Gold Project focuses the Company’s exposure to antimony, one of the most in-demand critical minerals, and to gold, known to occur at numerous locations throughout the Howells Lake Project. Backed by experienced management expertise and world-class resources, Critical One is strategically positioned to meet rising global demand for critical minerals and metals. The mining exploration portfolio is led by antimony gold exploration potential in Canada and uranium investment interests in Namibia, Africa. Leveraging its technical, management and financial expertise, the company upgrades and creates high-quality projects, driving growth and delivering value to its shareholders.
Additional information about Critical One Energy Inc. you can find it at criticaloneenergy.com and that of the company SEDAR+ profile bee www.sedarplus.ca .
For more information please contact:
Duane Parnham
Executive Chairman and CEO
Critical One Energy Inc.
+1 (416) 489-0092
ir@criticaloneenergy.com
Media inquiries:
Adam Bello
Manager, Media and Analyst Relations
Primoris Group Inc.
+1 (416) 489-0092
media@primorisgroup.com
Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
This press release contains “forward-looking information” within the meaning of applicable securities laws. Any 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”, “would”, “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 circumstances “may” or “will” occur, or through discussions about strategy. The forward-looking information in this press release includes, but is not limited to, statements regarding the expected use of proceeds from the private placement described in this press release.
Whenever the Company expresses or implies any expectation or belief regarding 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 necessary resources to conduct exploration activities on its mineral properties as currently expected, if at all.
However, forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from any 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 be unable to proceed with currently anticipated exploration activities, and other risks described in the Company’s ongoing disclosure documents available 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 in this document are made as of the date hereof and are based on management’s beliefs, estimates, expectations and opinions as of that date. The Company undertakes no obligation to publicly update or revise any such forward-looking statements or any forward-looking statements contained in 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 laws. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to place undue reliance on forward-looking information.
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