Critical One Announces Upsized Non-Brokered Private Placement

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TORONTO, Aug. 18, 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 an upsize to its previously announced non-brokered private placement due to strong investor interest in the Company's 100% ownership in the prolific Howells Lake Antimony-Gold Project. Under the amended terms, the Company will now issue up to 5,000,000 units (the "Units") in the capital of the Company at a price of CDN$0.60 per Unit, for aggregate gross proceeds of approximately CDN$3,000,000 (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, and the Company will pay a fee to qualified finders of up to 6% cash and 6% Warrants, with the same terms as the Unit.

The Offering is now scheduled to close on or about August 26, 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, ...