Welcome to our dedicated page for Critical One Energy news (Ticker: MMTLF), a resource for investors and traders seeking the latest updates and insights on Critical One Energy stock.
Critical One Energy Inc. (OTCQB: MMTLF), formerly Madison Metals Inc., regularly issues detailed exploration and corporate updates that are reflected in its news flow. As a Canadian exploration company focused on critical metals and minerals, its announcements center on antimony-gold exploration at the Howells Lake Antimony-Gold Project in Ontario and uranium-related transactions and investments in Namibia.
Readers following MMTLF news can expect frequent technical updates on the Howells Lake Antimony-Gold Project. Company releases describe advanced geophysical and geological modelling, including VTEM airborne magnetic and electromagnetic surveys, that identify EM anomalies, structural corridors, and potential extensions of antimony-gold mineralization at depth and along strike. News items also cover property expansions, staking of additional claims based on government soil geochemical data, and consolidation of land positions over key antimony-gold targets.
In addition to technical exploration results, Critical One Energy’s news highlights corporate developments such as acquisitions and divestments. Examples include the acquisition of the KCR Gold Project and Slam Gold Zone contiguous to Howells Lake, and agreements with Dark Star Minerals Inc. regarding the Khan and Cobra Uranium Projects in Namibia’s Erongo uranium province. These stories explain how the company refines its focus on antimony-gold while retaining uranium investment interests through equity stakes and potential royalties.
Investors and observers using this news page can track how Critical One Energy advances its critical minerals strategy, including updates on exploration programs, land package growth, historical data evaluation, and board or management appointments linked to its technical and financial capabilities. For those researching MMTLF, this page provides an organized view of the company’s public disclosures about its projects and transactions over time.
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 (CSE: CRTL, OTCQB: MMTLF) has appointed award-winning geologist Chet Idziszek as an independent Board member. Idziszek, the former chief geologist of the Howells Lake Antimony Gold Project, brings over 40 years of exploration experience to the company.
Idziszek's notable achievements include receiving the 1990 'Mining Man of the Year' award for his role in the Eskay Creek gold deposit discovery and the 1994 'Bill Dennis – Prospector of the Year Award' from PDAC. His experience includes leadership roles in major mining projects like Cobra Panama (4 billion tonnes of mineral resources) and involvement in significant acquisitions such as Pierina gold deposit by Barrick Gold.
As part of his appointment, Idziszek has been granted 100,000 stock options at CDN$0.31, valid for five years.