Critical One Energy Regains Namibia Uranium-Copper Assets, Refocuses on Ontario Project

An update from Madison Metals, Inc. ( (TSE:CRTL) ) is now available.

Critical One Energy Inc. has regained full control of its uranium and copper assets in Namibia after mutually agreeing with Dark Star Minerals Inc. to terminate a 2025 purchase agreement covering the Khan and Cobra projects in the Erongo uranium province. As part of the unwind, Critical One will return 14.2 million Dark Star shares, no termination fees are payable, and CEO Duane Parnham has ended his advisory role with Dark Star.

The company said the decision restores strategic flexibility at a time of strengthening copper and uranium markets, while its primary focus remains on advancing the Howells Lake Antimony-Gold Project in Ontario, where a maiden drill program is being prepared following exploration permit approval. Critical One plans to pursue new options for the Namibia assets in a way that complements development at Howells Lake, with further updates to come as its strategy for the African portfolio is finalized.

More about Madison Metals, Inc.

Critical One Energy Inc. is a Canadian mining exploration company focused on critical minerals and upstream energy, with a portfolio spanning antimony-gold in Canada and uranium-copper assets in Namibia. Its flagship Howells Lake Antimony-Gold Project in Ontario is positioned to support Canada’s critical minerals strategy, targeting rising global demand for clean energy and advanced technology inputs.

Average Trading Volume: 75,374

Technical Sentiment Signal: Buy

Current Market Cap: C$56.05M

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