Critical One Energy Appoints New Chief Financial Officer

Rhea-AI Summary

Critical One Energy (OTCQB: MMTLF) has appointed Robert Suttie as its new Chief Financial Officer, effective September 15, 2025. Suttie brings over 25 years of experience, including 10 years in public accounting and 19 years with Marrelli Support Services Inc., where he currently serves as President.

The new CFO specializes in management advisory services and financial disclosure for publicly traded companies, and currently serves as CFO for several junior mining companies listed on major Canadian exchanges. He will oversee financial operations as Critical One advances its Howells Lake Antimony-Gold Project in Ontario and develops uranium assets in Namibia. Suttie replaces outgoing CFO Eric Myung.

[ "Appointment of highly experienced CFO with 25+ years in financial management", "New CFO brings extensive public company and mining sector expertise", "Seamless leadership transition with immediate effectiveness" ]

TORONTO, Sept. 15, 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 exploration company focused on critical metals and minerals, is pleased to announce the appointment of Robert Suttie as Chief Financial Officer (CFO), effective September 15, 2025.

Mr. Suttie brings more than 25 years of experience to Critical One, ten of which were in public accounting prior to his 19-year tenure with the financial reporting group Marrelli Support Services Inc. (“Marelli”), where he currently serves as President. He specializes in management advisory services, accounting and the financial disclosure needs of Marrelli’s publicly traded client base. Mr. Suttie also serves as CFO to several junior mining companies listed on the TSX, TSX-V and CSE exchanges.

“We are pleased to welcome Rob to the Critical One management team in what will be a seamless transition,” said Duane Parnham, Founder, Executive Chairman and CEO of Critical One. “Rob’s experience will be invaluable as we advance our core Howells Lake Antimony-Gold Project in the Thunder Bay Mining Division of Ontario, Canada and support the development of uranium assets in Namibia as part of our strategic investment there.”

Parnham added, “On behalf of the board, I would like to thank and extend our gratitude to the Company’s outgoing CFO, Eric Myung, for his efforts on our behalf and wish him well in his future endeavours.”

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 addition of the Howells Lake Antimony-Gold Project broadens the Company’s exposure to antimony, one of the most in-demand critical minerals. 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.

Additional information about Critical One Energy Inc. can be found at criticaloneenergy.com and on the Company’s SEDAR+ profile at www.sedarplus.ca.

For further information, please contact:

Duane Parnham
Executive Chairman & CEO
Critical One Energy Inc.
+1 (416) 489-0092
ir@criticaloneenergy.com

Media inquiries:

Adam Bello
Manager, Media & Analyst Relations
Primoris Group Inc.
+1 (416) 489-0092
media@primorisgroup.com

Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press release includes, but is not limited to, statements relating to the Company’s business strategy and objectives.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that: the Company will have the resources required in order to conduct its business as currently operated.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, risks relating to the mining industry in general, and other risks as described in the Company’s continuous disclosure record on SEDAR+.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

FAQ

Who is the new CFO of Critical One Energy (MMTLF)?

Robert Suttie has been appointed as the new CFO of Critical One Energy, effective September 15, 2025. He brings over 25 years of experience and currently serves as President of Marrelli Support Services.

What experience does Robert Suttie bring to Critical One Energy (MMTLF)?

Robert Suttie brings over 25 years of experience, including 10 years in public accounting and 19 years with Marrelli Support Services. He specializes in management advisory services and serves as CFO for several junior mining companies.

What are Critical One Energy's (MMTLF) main projects?

Critical One Energy's main projects include the Howells Lake Antimony-Gold Project in the Thunder Bay Mining Division of Ontario, Canada, and strategic uranium asset investments in Namibia.

Who did Robert Suttie replace as CFO at Critical One Energy (MMTLF)?

Robert Suttie replaced Eric Myung as CFO of Critical One Energy.