Critical One Signs Definitive Agreement for Uranium Properties
Critical One Energy (OTCQB: MMTLF) has finalized a definitive agreement with Dark Star Minerals for the sale of its uranium assets in Namibia. The deal involves the Khan and Cobra Uranium Projects, with Dark Star making staged payments totaling US$760,000 in cash and significant share issuances over two years.
The agreement includes 14,000,000 Dark Star shares issued upon execution and additional share payments valued at US$1.75 million. Once payments exceed US$3.5 million, Critical One will receive a 2% gross overriding royalty on all metals produced, with Dark Star having the option to buy back 0.5% for US$1.5 million.
Critical One Energy (OTCQB: MMTLF) ha finalizzato un accordo definitivo con Dark Star Minerals per la vendita dei suoi asset di uranio in Namibia. L'accordo riguarda i progetti di uranio Khan e Cobra, con Dark Star che effettuer脿 pagamenti graduali per un totale di 760.000 dollari USA in contanti e significative emissioni di azioni nell'arco di due anni.
L'accordo prevede l'emissione di 14.000.000 di azioni Dark Star al momento della firma e ulteriori pagamenti in azioni per un valore di 1,75 milioni di dollari USA. Una volta superata la soglia di 3,5 milioni di dollari USA in pagamenti, Critical One ricever脿 un royalty lordo del 2% su tutti i metalli prodotti, con Dark Star che avr脿 l'opzione di riacquistare lo 0,5% per 1,5 milioni di dollari USA.
Critical One Energy (OTCQB: MMTLF) ha finalizado un acuerdo definitivo con Dark Star Minerals para la venta de sus activos de uranio en Namibia. El acuerdo incluye los proyectos de uranio Khan y Cobra, con Dark Star realizando pagos escalonados por un total de 760.000 d贸lares estadounidenses en efectivo y la emisi贸n significativa de acciones durante dos a帽os.
El acuerdo contempla la emisi贸n de 14.000.000 acciones de Dark Star al momento de la firma y pagos adicionales en acciones valorados en 1,75 millones de d贸lares estadounidenses. Una vez que los pagos superen los 3,5 millones de d贸lares estadounidenses, Critical One recibir谩 un regal铆a bruta del 2% sobre todos los metales producidos, con Dark Star teniendo la opci贸n de recomprar el 0,5% por 1,5 millones de d贸lares estadounidenses.
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瓿勳暯鞐愲姅 瓿勳暯 觳搓舶 鞁� 1,400毵� Dark Star 欤检嫕鞚� 氚滍枆霅橂┌, 於旉皜 欤检嫕 歆�旮夓暋鞚� 175毵� 雼煬 靸侂嫻鞛呺媹雼�. 歆�旮夓暋鞚� 350毵� 雼煬毳� 齑堦臣頃橂┐ Critical One鞚� 氇摖 靸濎偘 旮堨啀鞐� 雽�頃� 2% 齑� 靾橃澋 搿滌棿韹�毳� 氚涥矊 霅橂┌, Dark Star電� 0.5%毳� 150毵� 雼煬鞐� 雼れ嫓 毵れ瀰頃� 靾� 鞛堧姅 鞓奠厴鞚� 臧�歆戨媹雼�.
Critical One Energy (OTCQB : MMTLF) a finalis茅 un accord d茅finitif avec Dark Star Minerals pour la vente de ses actifs d'uranium en Namibie. L'accord concerne les projets d'uranium Khan et Cobra, avec des paiements 茅chelonn茅s totalisant 760 000 USD en esp猫ces et d'importantes 茅missions d'actions sur deux ans de la part de Dark Star.
L'accord pr茅voit l'茅mission de 14 000 000 d'actions Dark Star 脿 la signature, ainsi que des paiements suppl茅mentaires en actions d'une valeur de 1,75 million USD. Une fois que les paiements d茅passeront 3,5 millions USD, Critical One recevra une redevance brute de 2 % sur tous les m茅taux produits, Dark Star ayant la possibilit茅 de racheter 0,5 % pour 1,5 million USD.
Critical One Energy (OTCQB: MMTLF) hat eine endg眉ltige Vereinbarung mit Dark Star Minerals zum Verkauf seiner Uranvorkommen in Namibia abgeschlossen. Das Gesch盲ft umfasst die Uranprojekte Khan und Cobra, wobei Dark Star gestaffelte Zahlungen in H枚he von insgesamt 760.000 US-Dollar in bar sowie bedeutende Aktienausgaben 眉ber zwei Jahre leisten wird.
Die Vereinbarung beinhaltet die Ausgabe von 14.000.000 Dark Star Aktien bei Vertragsunterzeichnung sowie weitere Aktienzahlungen im Wert von 1,75 Millionen US-Dollar. Sobald die Zahlungen 3,5 Millionen US-Dollar 眉bersteigen, erh盲lt Critical One eine 2% Bruttoroayltie auf alle produzierten Metalle, wobei Dark Star die Option hat, 0,5% f眉r 1,5 Millionen US-Dollar zur眉ckzukaufen.
- None.
- Complete divestment of uranium assets reduces direct exposure to uranium market
- Future payments spread over two years creating execution risk
- Royalty buyback option could reduce long-term revenue potential
TORONTO, Aug. 07, 2025 (GLOBE NEWSWIRE) -- (formerly Madison Metals Inc.) (鈥�Critical One鈥� or the 鈥�Company鈥�) (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce that the Company鈥檚 uranium asset sale to Dark Star Minerals Inc. (鈥淒ark Star鈥�) (CSE: BATT) (FSE: P0W), as announced on , has closed.
Under the terms of the definitive agreement (鈥淒A鈥�), Dark Star will proceed with the second payment of US
| Payment Date | Cash Payment | Securities Issuance |
| On the date of execution of the letters of intent agreement (the听鈥�LOI Execution Date鈥�) | US (paid) | - |
| Upon the later of: (a) the date that is five (5) days of the LOI Execution Date; or (b) receipt of Exchange approval for the LOI | - | 200,000 Dark Star Shares (issued) |
| Upon the execution of the DA (the听鈥�DA Execution Date鈥�) | US | 14,000,000 Dark Star Shares |
| On or before the date that is four (4) months from the DA Execution Date | US | - |
| On or before the first anniversary of the DA Execution Date | US | US in Dark Star Shares |
| On or before the second anniversary of the DA Execution Date | US | US in Dark Star Shares |
| Total: | US | 听 |
| 听 | 听 | 听 |
Once the staged cash and share issuances reach a combined value above US
鈥淲e are looking forward to working with Dark Star to accelerate the exploration and development of these two significant uranium projects in the world鈥檚 third-largest uranium-producing country, according to the ,鈥� said Duane Parnham, Founder, Executive Chairman and CEO of Critical One. 鈥淎s a significant shareholder and director of Dark Star, I will continue to contribute to the development of these two exciting uranium projects.鈥�
About Critical One Energy Inc.
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鈥檚 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.
Additional information about Critical One Energy Inc. can be found at and on the Company鈥檚 at .
For further information, please contact:
Duane Parnham
Executive Chairman & CEO
Critical One Energy Inc.
+1 (416) 489-0092
Media inquiries:
Adam Bello
Manager, Media & Analyst Relations
Primoris Group Inc.
+1 (416) 489-0092
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Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
FAQ
What are the terms of Critical One's (MMTLF) uranium asset sale to Dark Star?
How much royalty will Critical One receive from the uranium projects?
Where are Critical One's uranium projects located?
What is the immediate payment Critical One (MMTLF) will receive from Dark Star?
What is the total value of the uranium asset sale agreement?
