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. reports developments as a Canadian mining exploration company focused on critical metals and minerals. Its updates center on the Howells Lake Antimony-Gold Project in Ontario's Thunder Bay Mining Division, including exploration permitting, Ontario Junior Exploration Program funding, geophysical interpretation, drilling activity, and near-surface antimony and gold mineralization.
Company news also covers its broader critical-minerals portfolio, including uranium and copper assets in Namibia's Erongo uranium province, as well as exploration agreements with Indigenous communities, strategic advisory appointments, capital-market communications, and stock-option grants tied to its public-company governance.
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.
Critical One Energy Inc. (CSE: CRTL) (OTCQB: MMTLF) announces the expiration of its agreement with Star Minerals (ASX: SMS) regarding the Cobra Uranium Project in Namibia's Erongo Uranium Province. The September 2024 deal would have allowed Star Minerals to earn up to 51% interest in the project through staged payments and expenditures.
Despite receiving an extension to March 2025, Star Minerals failed to meet its commitments. As a result, Critical One maintains its 85% interest in the project. The company received a non-refundable US$40,000 deposit, US$75,000 payment, and 5.3 million Star Minerals common shares from the failed deal.
Critical One Energy Inc. (CSE: CRTL) (OTCQB: MMTLF) has announced a change in its auditing firm. PKF Antares Professional has resigned as the company's auditor effective February 11, 2025, at the company's request. The company has appointed Horizon Assurance LLP of Markham, Ontario as its new auditor.
The Former Auditor's reports contained no reservations for the two most recently completed fiscal years, and there were no reportable events, disagreements, consultations, or unresolved issues as defined in NI 51-102. The change has been approved by Critical One's audit committee and Board of Directors, with all relevant documentation available on www.sedarplus.ca.
Critical One Energy (CSE: CRTL, OTCQB: MMTLF) has issued 3,181,532 common shares at CDN$0.30 per share for multiple transactions. The company issued 2,125,000 shares for acquiring the Howells Lake Project, a large antimony-gold project covering 13,990.90 hectares over 697 claims, with an additional 2,875,000 shares to be issued over three years.
The company settled debt of $249,459.60 through issuing 831,532 shares to creditors, including insiders Duane Parnham, Roger Laine, and Ryan Thompson. Additionally, 225,000 shares were issued as a finder's fee related to Star Minerals 's option agreement for the Rossing Uranium Mine project in Namibia, from which Critical One has received US$75,000 and 4.3 million common shares.
Critical One Energy (CSE: CRTL, OTCQB: MMTLF) has finalized agreements to acquire 100% interest in the Howells Lake Antimony Gold Project in Ontario, Canada. The project spans 13,990.90 hectares across 697 claims in the Thunder Bay Mining Division.
The acquisition involves two separate agreements: the Bounty Gold Acquisition Agreement and the Vendor Group Acquisition Agreement. For Bounty Gold's portion, Critical One will pay CDN$25,000 and issue 125,000 common shares, plus a 2% NSR with a 1% buyback option for CDN$1 million. For the Vendor Group's portion, the company will issue 4.5 million common shares in three tranches over two years, pay CDN$100,000 for initial exploration work, and grant a 2% NSR with a 1% buyback option for CDN$2 million. An additional CDN$1 million payment will be made upon delivery of an NI 43-101 compliant resource estimate.
Critical One Energy (CSE: CRTL, OTCQB: MMTLF) has announced promising metallurgical test results from its Khan Uranium Project in Namibia's Erongo province. The tests revealed exceptional uranium recovery rates ranging from 71.1% to 86.6%, with notably low acid consumption of maximum 14.2 kg/t, significantly below regional benchmark Husab Mine's 34 kg/t.
The project demonstrated minimal presence of refractory minerals, with low levels of niobium and undetected tantalum, suggesting betafite content which enhances processing simplicity. The uranium is primarily hosted in D-type leucogranites, similar to other major regional deposits. The test work was conducted on three reverse circulation samples from the August 2024 drilling campaign, and was evaluated by uranium metallurgy expert Bernard Sililo.
Critical One Energy (CSE: GREN, OTCQB: MMTLF) has modified its Earn-In and Exploration Rights Agreement with Star Minerals (ASX: SMS). Under the revised terms, Star Minerals has completed partial payment consisting of US$75,000 cash and US$200,000 in shares, including 5,227,118 Ordinary Shares, 2,466,667 Tranche 1 Performance Shares, and 1,850,000 Tranche 2 Performance Shares. The remaining US$225,000 cash payment has been extended to March 8, 2025, coinciding with planned drilling activities at the Cobra Uranium project in Q1 2025.
Madison Metals has signed binding letters of intent to acquire 100% interest in the Howells Lake Antimony Gold Project, covering 13,990.90 hectares over 697 claims in Ontario, Canada. The project contains a historic resource estimate of 1.7 million tons at 1.70% antimony (approximately 51 million pounds) with associated gold mineralization up to 2.3 ounces per ton. The acquisition involves share issuances and NSR agreements with three vendors. The project is particularly significant as antimony prices have tripled in the past year due to Chinese export restrictions, and the geological setting is similar to the Hemlo gold deposits.