Critical One Energy Secures $1 Million Financing for Growth

Critical One Energy Inc. Announces Private Placement Financing
Critical One Energy Inc. (formerly Madison Metals Inc.) (CSE: CRTL) (OTCQB: MMTLF) is excited to unveil plans for a private placement financing aimed at raising up to $1 million. The initiative involves the offering of 2,500,000 units at a price of CDN$0.40 per unit. This strategic move is designed to bolster the Company's ongoing efforts in the critical minerals sector.
Details of the Offering
Each unit comprises one common share and half a common share purchase warrant. Holders of these warrants can acquire additional common shares at a price of CDN$0.60 over a period of eighteen months from closing. This structure enhances the attractiveness of the investment while providing potential for significant return on investment.
Insider Participation
Notably, insiders of the Company are expected to take part in this offering, reflecting their unwavering confidence in the Howells Lake Antimony-Gold Project. Such participation reassures existing shareholders and demonstrates a commitment to the project's potential.
Utilization of Proceeds
The funds generated from this offering are earmarked for various activities associated with the Howells Lake Antimony-Gold Project. Specifically, the capital will be directed towards essential operations including data analysis, geophysical studies, permitting processes, and drilling efforts.
Focus on Corporate Growth
In addition to project-specific allocations, the capital raised will also play a crucial role in strengthening the Company's balance sheet and advancing corporate strategies. These actions are integral for ensuring sustainable growth in a competitive market.
About Critical One Energy Inc.
Critical One Energy Inc. is a company dedicated to addressing the growing demand for critical minerals and clean energy solutions. The acquisition of the Howells Lake Antimony-Gold Project significantly enhances its portfolio in a high-demand sector. With a focus on not only antimony but also uranium resources in Namibia, the Company is well-positioned to lead in mineral exploration.
Commitment to Innovation
The Company thrives on innovation and leverages strong management expertise to enhance and elevate its projects. By focusing on high-value exploration and development, Critical One strives for excellence while aiming to deliver substantial value to its shareholders.
Contact Information
For more information regarding this financing and the Company’s future initiatives, please reach out to Duane Parnham, Executive Chairman & CEO, at +1 (416) 489-0092 or via email at ir@criticaloneenergy.com.
Frequently Asked Questions
What is the purpose of Critical One Energy's private placement?
The private placement aims to raise funds to advance the Howells Lake Antimony-Gold Project and support corporate strategies.
How many units will be offered in the financing?
Up to 2,500,000 units will be offered at a price of CDN$0.40 per unit.
What will be the use of proceeds from this offering?
The proceeds will be utilized for activities related to the Howells Lake project, including drilling, permitting, data processing, and for general corporate purposes.
Is there insider participation in this offering?
Yes, insiders of the Company are expected to participate, demonstrating their confidence in the potential of the project.
Who can be contacted for more information about the private placement?
Duane Parnham, the Executive Chairman & CEO, is available for inquiries at +1 (416) 489-0092 or through email.
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