Critical One Energy Stock Price, News & Analysis

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.

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.