Critical One Energy Inc. (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF)  is pleased to announce that it has closed a non-brokered private placement offering of 1,000,000 flow-through common shares at a price of CDN$1.10 per FT Share for gross proceeds of CDN$1,100,000, being the second tranche of a larger issuance of 6,116,910 FT Shares for aggregate gross proceeds of CDN$6,728,601.

In connection with the second tranche of the Offering, the Company paid CDN$66,000 in finder’s fees, and issued 60,000 common share purchase warrants of the Company. Each Finder’s Warrant is exercisable to purchase one common share in the capital of the Company at a price of CDN$1.65 per common share for a period of eighteen months from the date of closing.

The Company intends to use the proceeds from the sale of the FT Shares to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada).

All securities issued pursuant to the Offering will be subject to a four-month and one-day hold period.

The Company closed an initial tranche of the Offering on July 31, 2026 for gross proceeds of CDN$5,628,601, consisting of the issuance of 5,116,910 FT Shares at a price of CDN$1.10 per FT Share.

About Critical One Energy Inc.

Critical One Energy Inc. is a Canadian critical minerals and upstream energy company focused on metals essential to energy, technology and national defence supply chains. The Company is advancing the Howells Lake Antimony-Gold Project, which provides Critical One with direct exposure to antimony, a critical metal of increasing strategic importance to Western nations, as well as meaningful gold exploration potential across the property. Backed by seasoned management expertise, Critical One is positioned to advance high-value mineral projects aligned with the rising demand for secure critical minerals supply. The Company also holds uranium and copper assets in Namibia, providing additional exposure to critical minerals and energy metals.