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Madison Metals, Inc. ( (TSE:CRTL) ) just unveiled an announcement.
Critical One Energy Inc. has closed a non-brokered flow-through private placement of 300,000 flow-through common shares at C$1.00 per share, raising gross proceeds of C$300,000. As part of the financing, the company paid C$18,000 in finder’s fees and issued 18,000 finder’s warrants exercisable at C$1.50 per share for 18 months, with all securities subject to a four-month-and-one-day hold period. The funds will be directed toward qualifying Canadian exploration expenses classified as flow-through critical mineral mining expenditures, supporting the advancement of its antimony-gold and related critical mineral exploration activities and reinforcing its strategic position in the critical minerals segment.
More about Madison Metals, Inc.
Critical One Energy Inc. is a critical minerals and upstream energy company focused on supplying materials for clean energy and advanced technologies. Its primary assets include the Howells Lake Antimony-Gold Project in Canada, targeting high-demand antimony and gold, alongside uranium investment interests in Namibia. Leveraging technical, managerial, and financial expertise, the company aims to advance and upgrade mineral projects to capture rising global demand for critical minerals and metals and deliver value to shareholders.
Average Trading Volume: 113,727
Technical Sentiment Signal: Buy
Current Market Cap: C$33.37M
See more insights into CRTL stock on TipRanks’ Stock Analysis page.