Critical One Energy Arranges Oversubscribed CDN$7.65 Million Flow-Through Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Oct. 08, 2025 (GLOBE NEWSWIRE) -- 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, has arranged with a number of funds and high net worth investors an oversubscribed, non-brokered private placement offering of up to 7,650,000 flow-through common shares (“FT Shares”) at a price of CDN$1.00 per FT Share, for gross proceeds of up to CDN$7,650,000 (the “Offering”). 

The Company may pay a finder’s fees on a portion of the Offering to eligible finders in the form of (i) a cash commission of up to 6.0% of the gross proceeds raised under the Offering, and (ii) common share purchase warrants of the Company (“Finder’s Warrants”) in an amount up to 6.0% of the FT Shares issued under the Offering. 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.

The Company intends to use the gross proceeds from the sale of the FT Shares to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures,” as defined in the Income Tax Act (Canada).

Critical One’s exploration focus is the Howells Lake Antimony-Gold Project (“Howells Lake Project”). In addition to antimony and gold, exploration will include copper, zinc, and other base metals. The Howells Lake Project is located approximately 200 kilometres from the Ring of Fire corridor in the Thunder Bay Mining Division of Ontario, Canada.

The Offering is scheduled to close on or about October 17, 2025. All securities issued pursuant to the Offering described above will be subject to a four-month and one-day hold period.

About Critical One Energy Inc.

Critical One Energy Inc. (formerly Madison Metals Inc.) is a forward-focused critical minerals and upstream energy company, powering the future of clean energy and advanced technologies. The Howells Lake Antimony-Gold Project focuses the Company’s exposure on antimony, one of the most in-demand critical minerals, as well as gold, which is known to occur at numerous locations on the Howells Lake Project. Backed by seasoned management expertise and prime resource assets, Critical One is strategically positioned to meet the rising global demand for critical minerals and metals. Its mine exploration portfolio is led by antimony-gold exploration potential in Canada and uranium investment interests in Namibia, Africa. By leveraging its technical, managerial, and financial expertise, the Company upgrades and creates high-value projects, thereby driving growth and delivering value to its shareholders.