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Critical One Energy Inc. Extends Earn-In and Exploration Rights Agreement with Star Minerals Limited

Dec 19, 2024•over 1 year ago

Contract Type

agreement

TorontoEnergyOil And GasRenewable Energy

Description

Critical One Energy Inc. has announced a variation to its Earn-In and Exploration Rights Agreement with Star Minerals Limited to enhance payment flexibility while preserving the strategic interests of both parties. Under the revised terms, Star Minerals has paid US$75,000 and issued US$200,000 in Star Shares and Performance Shares as part of the First Payment. The remaining US$225,000 of the First Payment’s cash component is now due on or before March 8, 2025, aligning exploration and development activities that are being planned with drilling at the Cobra Uranium project commencing within Q1 2025.

Company Information

Company

Critical One Energy

Location

Toronto, Ontario, Canada

About

Critical One Energy Inc. (formerly Madison Metals Inc.) is a forward-focused critical minerals and upstream energy company, powering the future of clean energy and advanced technologies. The addition of the Howells Lake Antimony-Gold Project broadens the Company’s exposure to antimony, one of the most in-demand critical minerals. Backed by seasoned management expertise and prime resource assets, Critical One is strategically positioned to meet the rising global demand for critical minerals and metals. Its mine exploration portfolio is led by antimony-gold exploration potential in Canada and uranium investment interests in Namibia, Africa. By leveraging its technical, managerial, and financial expertise, the Company upgrades and creates high-value projects, thereby driving growth and delivering value to its shareholders.

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