Critical One Energy Stock Price, News & Analysis

Critical One Energy (OTCQB: MMTLF) has acquired the KCR Gold Project adjacent to its Howells Lake Antimony-Gold Project in Ontario's Thunder Bay Mining Division. The key highlight is the Slam Gold Zone discovery, where a historic drill hole intersected visible gold with assays up to 64.1 g/t gold over one metre within a broader interval of 3.54 g/t gold over 20.4 metres.

The acquisition, costing CDN$6,000 and 50,000 common shares, includes a 2% NSR. The company now controls over 30 km of geological trend and 25,000 hectares of land. The project area includes a historical resource of 1.7 million tons at 1.4% antimony with associated gold mineralization (non-43-101 compliant). Critical One is fully funded with CDN$3.3 million from a recent private placement for near-term exploration.

Critical One Energy (OTCQB: MMTLF) has acquired an 18.5% stake in Dark Star Minerals, securing a significant position in Namibian uranium development. This strategic investment follows Critical One's sale of its Khan and Cobra uranium projects to Dark Star for US$3.5 million, which included 14 million Dark Star common shares and a 2% gross overriding royalty on metal production.

The transaction positions Critical One as a major stakeholder in Dark Star's uranium projects in Namibia's Erongo province, where previous exploration at Khan West yielded high-grade results of up to 8.47% U₃O₈. While maintaining this strategic uranium interest, Critical One will primarily focus on its Howells Lake Antimony-Gold Project in Ontario's Thunder Bay Mining Division.

Critical One Energy Inc. (OTCQB: MMTLF) has expanded its Howells Lake Antimony-Gold Project in Ontario, Canada by 67%, adding 9,979 hectares to reach a total of 24,887 hectares. The expansion follows the discovery of high-priority antimony and gold anomalies in multiple unexplored areas.

The project contains Canada's largest undeveloped antimony deposit, with historical resources of 1.7 million tons at 1.4% antimony. Recent drilling at the V-3 area revealed impressive results of up to 75% antimony within 5.37% antimony over 8.35 meters. The company has completed over 3,000 km of VTEM airborne geophysics and is fully funded for exploration following a CDN$3.3 million private placement.

This strategic expansion positions Critical One to capitalize on surging antimony prices, which have increased by over 550% since 2015, driven by global supply constraints and China's 2024 export ban.

Critical One Energy (OTCQB: MMTLF) has finalized a definitive agreement with Dark Star Minerals for the sale of its uranium assets in Namibia. The deal involves the Khan and Cobra Uranium Projects, with Dark Star making staged payments totaling US$760,000 in cash and significant share issuances over two years.

The agreement includes 14,000,000 Dark Star shares issued upon execution and additional share payments valued at US$1.75 million. Once payments exceed US$3.5 million, Critical One will receive a 2% gross overriding royalty on all metals produced, with Dark Star having the option to buy back 0.5% for US$1.5 million.

Critical One Energy (OTCQB: MMTLF) has completed a CEO-led field investigation at its Howells Lake Antimony-Gold Project in Ontario's Thunder Bay Mining Division. The company successfully located and validated historic trenches, surface antimony mineralization, and drill hole collars at the site.

Key findings include the identification of broad zones of carbonate and sericite alteration up to 100 meters wide, confirmation of antimony-gold mineralization locations, and the discovery of historic drill cores from 1984 and 1986. The company plans to conduct a comprehensive state-of-the-art airborne magnetic and electromagnetic geophysical survey across the 26-kilometer-long property.

The project represents Canada's largest undeveloped antimony deposit, strategically positioned near Ontario's Ring of Fire corridor. This is particularly significant as over 80% of global antimony supply is currently controlled by China and Russia.

Critical One Energy (OTCQB: MMTLF) has contracted Geotech Ltd. to conduct an advanced airborne geophysical survey at its Howells Lake Antimony-Gold Project in Ontario, Canada. The survey will cover the entire 13,990-hectare property using helicopter-borne VTEM and horizontal magnetic gradiometer technology, capable of mapping subsurface structures at depths of 500 metres or more.

The initiative aims to expand on recent antimony discoveries and identify new gold targets. The Howells Lake Project represents Canada's largest undeveloped antimony deposit, strategically positioned near Ontario's Ring of Fire corridor. This marks the first comprehensive airborne survey of the area in over two decades, with Critical One being the first company to control and explore the entire area for antimony and gold in 40 years.

Critical One Energy Inc. has entered into an agreement with Dark Star Minerals Inc. to sell 100% of its Khan and Cobra Uranium Projects in Namibia's Erongo uranium province. The deal involves staged payments totaling US$760,000 in cash and share issuances over two years, potentially exceeding US$3.5 million in total value. Upon reaching this threshold, Critical One will receive a 2% gross overriding royalty on metals produced. The company has already received an initial US$10,000 payment and 200,000 Dark Star shares. This strategic divestment allows Critical One to focus on its Howells Lake Antimony-Gold Project, aligning with global energy transition trends and capitalizing on high antimony demand and record gold prices. The definitive agreement is expected within 60 days, subject to regulatory approvals.

Critical One Energy has discovered significant high-grade antimony deposits in historical data from its Howells Lake Project in Ontario. Key findings include drill hole MC-V3-79-22 with up to 75% antimony within an interval of 5.37% antimony over 8.35 metres. The historical data from 1979-1984 revealed an East zone containing an estimated 1.7 million tons of mineralization at 1.4% antimony. Notable intersections include holes with combined antimony and gold presence, with surface samples showing up to 59.2% antimony and 14.19 g/t gold. The mineralization extends over 5.0 km along a major alteration zone. With antimony currently valued at US$25.00 per pound (up from US$1.50 in the 1970s), the project presents significant potential, especially given North America's critical need for antimony and the project's location south of the Ring of Fire development area.

Critical One Energy Inc. has secured historical exploration records for the Howells Lake Antimony-Gold Project in Ontario, Canada, dating back to 1979. Key findings include high-grade antimony discoveries from historical drill holes, with notable intersections of 1.57% antimony and 6.17 g/t gold over 6.43 metres in hole MW-79-2. The East Zone showed potential with an interpreted 1.7 million tons of mineralization at 1.4% antimony. High-grade mineralization was discovered 2.5km northeast, with assays up to 59.2% antimony, 14.19 g/t gold, and 242.4 g/t silver. The antimony mineralization extends over 6.0km, and the area remains largely unexplored for antimony focus since the 1980s, when New Jersey Zinc spent approximately US$4 million on exploration.