Critical One Closes Second Tranche Private Placement

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TORONTO, Aug. 27, 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, further to its press release of August 27, 2025, the Company has also closed a second tranche to its oversubscribed, non-brokered financing of an additional 500,000 units (the "Units") at a price of CDN$0.60 per Unit for additional gross proceeds of CDN$300,000. The total number of Units issued in both tranches was 5,501,999 Units with total aggregate gross proceeds of $3,301,199.40 (the "Private Placement").

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"). Each full Warrant entitles the holder thereof to purchase one Common Share for a price of CDN$1.00 for a period of eighteen (18) months from the date of issuance.

All securities issued pursuant to the Private Placement described above will be subject to a four-month and one-day hold period.

In connection with the second tranche of the Private Placement, the Company paid compensation to certain eligible finders consisting of cash finder's fees in an aggregate amount of CDN$18,000 and 30,000 broker warrants entitling the holder to exercise each whole warrant at CDN$1.00 within eighteen (18) months.

About Critical One Energy Inc.

Critical One Energy Inc. (formerly Madison Metals Inc.) is a forward-focused critical minerals and upstream energy company, ...