Madison Metals, Inc. ( (TSE:CRTL) ) just unveiled an update.
Critical One Energy Inc. has announced a non-brokered private placement financing to raise up to CDN$1 million through the sale of 5,000,000 units, with each unit comprising one common share and a half warrant. The funds will be directed towards the Howells Lake Antimony-Gold Project for data processing, geophysics, permitting, and drilling, as well as strengthening the company’s balance sheet for corporate strategies and general purposes. The participation of company insiders in the offering highlights management’s confidence in the project’s potential, which could enhance the company’s operations and industry positioning.
More about Madison Metals, Inc.
Critical One Energy Inc. (formerly Madison Metals Inc.) is a forward-focused critical minerals and upstream energy company, strategically positioned to meet the rising global demand for critical minerals and metals. The company specializes in mine exploration, with a focus on antimony in Canada and uranium in Namibia, Africa, leveraging its technical, managerial, and financial expertise to create high-value projects and generate cash flow through joint ventures.
YTD Price Performance: -35.48%
Average Trading Volume: 44,164
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$7.03M
For a thorough assessment of CRTL stock, go to TipRanks’ Stock Analysis page.