Critical One Energy Inc C.CRTL

Alternate Symbol(s): MMTLF

Metals & Mining Gold

Critical One Energy Inc., formerly Madison Metals Inc., is a critical minerals and upstream energy company, powering clean energy and advanced technologies. The Company’s mine exploration portfolio is led by antimony in Canada and uranium in Namibia, Africa. Its exploration and evaluation assets comprise properties located in Kenora, Ontario (the Kenora Uranium Project) and Erongo Province, Namibia, Africa (the Rossing Project). It owns a 100% interest in the Richards Lake Uranium Project located around Kenora, Ontario. The Rossing North Uranium Project is located in the Erongo Province, Namibia, Africa. It owns an 85% undivided interest in Exclusive Prospecting Licenses (EPL) 8531 and 7011. These licenses are in Erongo Uranium Province of Namibia, Africa, where Madison holds rights to EPL-7011 (85% interest). The Company has also signed binding letters of intent to acquire about 100% interest in the Howells Lake Antimony Gold Project, covering 13,990.90 hectares over 697 claims.

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Critical One Energy Inc

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Post by Betteryear2on Jun 01, 2023 2:49pm

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Post# 35475454

Madison Metals Signs Multi-Year Uranium Forward Sales Agr.

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) is pleased to announce the signing on May 30, 2023 of a multi-year uranium forward sales agreement with an international banking organization (“IBO”). The ten-year supply agreement provides for the commitment and delivery of the first 20 million pounds of U3O8 from Madison’s in the ground resources. The IBO will facilitate market trades at a price to be determined at the time of transaction and within the context of the market. The sales floor for transactions will be set at USD$45 per pound of U3O8. 50% of the proceeds will be credited to Madison and the Company will provide quarterly updates on sales figures.

Madison Metals Signs Multi-Year Uranium Forward Sales (globenewswire.com)

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