Critical One Energy Inc. and Star Minerals have revised the terms of their agreement. Star Minerals has paid an initial sum and issued shares, with the remaining cash payment due in 2025. This aligns with planned exploration and drilling activities at the Cobra Uranium project.
Under the revised terms, Star Minerals has paid US$75,000 and issued US$200,000 in Star Shares and Performance Shares, as part of the First Payment. In total, Critical One has received: Additionally, the remaining US$225,000 of the First Payment’s cash component is now due on or before March 8, 2025. This extension aligns exploration and development activities that are being planned with drilling at the Cobra Uranium project commencing within Q1 2025.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. 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 in Canada and uranium in Namibia, Africa. By leveraging its technical, managerial, and financial expertise, the Company upgrades and creates high-value projects while joint venturing non-core assets to generate cash flow, driving growth and delivering value for its shareholders.This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strateg
FINANCE EXPLORATION CRITICAL MINERALS ENERGY URANIUM
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pittsburgh Steelers fix one critical offensive problem, but a new one arisesThe Pittsburgh Steelers have two persistent offensive issues.
Read more »
Future Minerals Forum 2025 to Redefine the Future of MineralsThe Future Minerals Forum (FMF) returns in 2025, bringing together government representatives, industry leaders, investors, research institutes, and media to address the critical challenges and opportunities facing the minerals sector. The three-day event will feature high-level discussions, CEO panels, and a government-led meeting, focusing on issues like global mineral supply, critical minerals, market and political challenges, technological advancements, and sustainability.
Read more »
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacityNo 1 source of global mining news and opinion
Read more »
Exploration, partnerships the cornerstones of increasing critical minerals investmentAs the world demands more “new” minerals such as copper, lithium and rare earths for use in smart technologies for decarbonisation and clean energy production, African countries have some key considerations to take into account to garner investment in its rich endowment of these minerals.
Read more »
Column: Trump 2.0 won’t reverse Biden’s critical minerals pushNo 1 source of global mining news and opinion
Read more »
Australia to propose tax incentives for critical mineralsNo 1 source of global mining news and opinion
Read more »