Critical One Announces $1.0 Million Non-Brokered Private Placement

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TORONTO, April 14, 2025 (GLOBE NEWSWIRE) -- 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 5,000,000 units (the "Units") in the capital of the Company at a price of CDN$0.20 per Unit for aggregate gross proceeds of up to CDN$1,000,000 (the "Offering").

Each Unit consists of one (1) common share in the capital of the Company (a "Common Share") and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each full Warrant entitles the holder thereof to purchase one Common Share in the capital of the Company for a price of CDN$0.35 for a period of eighteen (18) months from the date of closing.

It is anticipated that insiders of the Company will be participating in the Offering. Their ongoing support underscores management's confidence in the value and potential of the Howells Lake Antimony-Gold Project.

The proceeds from the Offering will be used by the Company for activities directly relating to activities at the Howells Lake Antimony-Gold Project, including data processing, geophysics, permitting and drilling, to strengthen the Company's balance sheet to pursue corporate strategies and for general working purposes.

About Critical One Energy Inc.

Critical One Energy Inc. (formerly Madison Metals Inc.) is a forward-focused critical minerals ...