Critical One Energy Inc. Announces Sale of Uranium Assets to Dark Star Minerals Inc

Reuters
2025/06/12
<a href="https://laohu8.com/S/MMTLF">Critical One Energy Inc.</a> Announces Sale of Uranium Assets to Dark Star Minerals Inc

TORONTO, June 12, 2025 - Critical One Energy Inc., previously known as Madison Metals Inc., has announced an acquisition agreement with Dark Star Minerals Inc. Under the agreement, Dark Star will acquire 100% of Critical One's interests in the Khan and Cobra Uranium Projects located in Namibia's Erongo uranium province. This strategic divestment, attributed to a shift in Critical One's critical metals strategy, will allow the company to focus on the Howells Lake Antimony-Gold Project. The divestment is structured through staged cash payments and the issuance of common shares over two years, with Critical One receiving an initial US$10,000 and 200,000 common shares of Dark Star. The definitive agreement is expected to be signed within 60 days, following regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Critical One Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9467503-en) on June 12, 2025, and is solely responsible for the information contained therein.

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