Dark Star Ends Namibian Option Deal as Critical One Returns 14.2 Million Shares

An announcement from Dark Star Minerals, Inc. ( (TSE:BATT) ) is now available.

Dark Star Minerals Inc. has terminated its option and property acquisition agreement with Critical One Energy Inc., which would have given Dark Star an option to acquire up to 100% interests in several Exclusive Prospecting Licenses near the Rossing Uranium Mine in Namibia and Critical’s indirect interest in additional Namibian mining assets. Under the termination deal, Critical One Energy will return 14.2 million Dark Star common shares previously issued, effectively unwinding the planned Namibia-focused expansion and consolidating Dark Star’s capital structure as it continues to advance its Canadian uranium and critical minerals projects.

The cancellation of the Namibian option reorients Dark Star’s near-term growth away from the Rossing-adjacent assets and back toward its existing portfolio in Canada. For shareholders, the return of a large block of stock may reduce potential dilution and could sharpen the company’s strategic focus on its Ghost Lake and Bleasdell projects, although it also removes a potential avenue for international asset diversification in a globally important uranium district.

More about Dark Star Minerals, Inc.

Dark Star Minerals Inc. is a Vancouver-based mineral exploration company focused on uranium and critical mineral resources. It holds an option to acquire a 100% interest in the Ghost Lake claims in Labrador’s Central Mineral Belt and owns the Bleasdell Project in Northern Saskatchewan, positioning the company within key Canadian jurisdictions for nuclear fuel and critical minerals exploration.

Average Trading Volume: 262,991

Technical Sentiment Signal: Sell

Current Market Cap: C$2.24M

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