DEFENSE Critical METAL

From Mine to Military:
Building a North American Antimony Source

Critical One controls Howells Lake, a district-scale antimony-gold project in Ontario. Near-surface high-grade material offers a fast path to market, over a larger antimony-gold system with long-term mine potential.
Firefighter in full gear containing antimony holding a hose, illuminated by green light and surrounded by smoke.
Discovered in 1979. Reopened for today’s antimony supply crisis.

MODERN DRILLING IS CONFIRMING AND EXPANDING WHAT THE FIRST TEAM FOUND.
Close-up of a shining metallic antimony nugget resting on rough dark rocks with a teal background.
Why Antimony Matters Now
ANTIMONY IS ONE OF THE MOST SOUGHT-AFTER MINERALS IN THE WORLD.
NORTH AMERICA PRODUCES ALMOST NONE OF IT.
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Critical Mineral Status
Listed as a critical mineral by the U.S., Canada, the EU, the UK, and Japan.
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Severe Supply Risk
China supplied 55% of U.S. antimony imports up to 2024. North American mine supply is minimal.
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Exploding Prices
Prices have surged to multi-year highs due to Chinese export restrictions.
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Mine-to-Military Relevance
Used in munitions, night vision, semiconductors, batteries, flame retardants, and solar infrastructure.
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No Substitutes
Most defense and industrial uses have no proven alternative. Demand > Supply.
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The Asset

Howells Lake:
A DISTRICT-SCALE ONTARIO ANTIMONY SYSTEM

24,887 ha and 697 claims, with about 30 km of priority antimony-gold targets
A historic estimate of about 48M lb antimony,
with a conceptual target of 300M+ lb
Permitted, funded, and drilling now
Who’s Behind It

Operators with Major Exits. Original Discovery Continuity. Mine-to-Military Experience.

Middle-aged man in a dark suit and white shirt posing in front of a beige curtain.
Silver trophy cup with hammer and wrench crossed behind it, resting on a base made of four square blocks.
Built and sold companies worth over $1.5 billion
→ Built and sold UNX Energy ($730M exit)
→ Grew Forsys Metals from $45K startup to $860M valuation
→ $1.5B+ in total shareholder value created
→ Largest shareholder; fully insider-aligned
Duane Parnham
Executive Chairman & CEO
Older man with gray hair wearing large dark glasses, a light blue jacket, and a pink checked shirt.
Silver coin with a mining pickaxe crossed over a gold bar and a dollar sign.
Discovered this exact deposit and others worth billions
→Discovered the Howells Lake deposit (original geologist)

→“Mining Man of the Year” for Eskay Creek discovery

→Senior role on Cobre Panama (4B tonne deposit)
Chet Idziszek
Director
Emblem with a gray maple leaf background featuring a hammer and pickaxe crossed in front.
PhD geologist leading modern verification at Howells Lake
→ Led exploration at Wesdome's Eagle River Mine

→ Regional project leadership at IAMGOLD's Cote Gold District

→ Leading the technical plan to test grade, continuity, and scale.
Matthew Trenkler, PhD, P.Geo
Chief Geological Officer
WHY CRITICAL ONE

Funded. Permitted. Partnered. Drilling Now.

Howells Lake pairs high-grade drill results with the funding, permits, and partnerships to move fast.
Silver icon of a pickaxe crossed over a silhouette of the Ontario province with a mining tower inside.
Ontario Critical Minerals Location
Anchoring Northern Ontario's emerging 'Outer Ring of Fire'
Mining services and infrastructure expanding across the region
OJEP funding approved and exploration permit issued
Pickle Lake access and Thunder Bay logistics pathway
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High-Grade Antimony Near Its Purity Limit
Modern core confirms grades close to the theoretical maximum.
Near-pure stibnite, close to the 71.7% ceiling of the mineral
Visible antimony in all eight early East Zone holes
Grade high enough to evaluate as potential direct-ship ore
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2026 Proof Cycle
Modern drilling is testing grade, continuity, and scale.
C$9M committed to 2026 drilling and technical work
Continuity, step-outs, and depth tests underway
Mineralogy and metallurgy to follow
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Aligned Team
Insider-aligned, debt-free, and connected to U.S. strategic networks.
No corporate debt; about 31% insider ownership
Original Howells Lake discovery geologist on the board
4-Star Gen. (Ret.) Charles A. Flynn advising on U.S. strategy
Primary Canadian Listing

CSE: CRTL

Critical One Energy is listed on the Canadian Securities Exchange under the symbol CRTL
U.S. Listing

OTCQB: MMTLF

U.S. investors can trade Critical One Energy on the OTCQB under the ticker MMTLF. This listing increases visibility and accessibility in U.S. capital markets.
European Listing

FSE: 4EF0

For international and European investors, Critical One Energy trades on the Frankfurt Stock Exchange under the ticker 4EF0.
FAQ

Common Questions About Critical One Energy

Here are the most frequent questions we receive from prospective investors.
Why does antimony matter right now, and how does Critical One provide exposure?

Antimony is essential to defense and industry, from ammunition and night vision to semiconductors, batteries, and flame retardants.

Few of these uses have a proven substitute.

North America imports about 91% of its antimony, mostly from a small group of overseas producers, which has made secure supply a priority for governments and defense buyers.

Critical One offers exposure through Howells Lake, a district-scale Ontario antimony-gold project with a 300M+ lb target and near-native antimony confirmed in modern drilling.

What makes Howells Lake different from other antimony projects?

Most antimony occurrences are small and isolated.

Howells Lake is a consolidated district: 24,887 hectares and about 30 km of priority targets under one operator, with a 300M+ lb target.

The system was identified in 1979, then left undeveloped when antimony sold for under US$1.50/lb.

Modern drilling has now confirmed near-native antimony, with grades close to the 71.7% Sb maximum for the mineral.

That mix of scale, grade, and district control is rare in North America.

How credible is the Howells Lake asset?

The project carries a large historical record of drilling, trenching, and mapping from earlier operators, including roughly US$4M of work by New Jersey Zinc.

Critical One is retesting that ground with modern drilling and assays.

The original discovery geologist sits on the board, the company holds an Ontario exploration permit, and it has signed an exploration agreement with Eabametoong First Nation.

Hole 6 is the strongest modern proof to date, returning 4.0 m at 70.2% Sb.

What is the growth potential at Howells Lake?

Drilling so far has focused on the historical East Zone, a small part of the property.

More than 3,000 km of airborne geophysics has identified conductors extending at least 2 km west of historical drilling and favourable geology beyond 300 m depth.

Critical One is now testing whether the system continues along strike, at depth, and into new target areas.

The land also carries gold potential, including the Slam Gold Zone on the contiguous KCR property, where historical drilling returned 3.54 g/t Au over 20.4 m.

How is Critical One positioned to advance Howells Lake?

The company is funded for its current program, with a C$9M 2026 drill and technical budget and no corporate debt.

About 31% of shares are insider-held and 16% are held by institutions.

Beyond drilling, Critical One has signed an infrastructure planning MOU with Green Infrastructure Partners and added retired U.S. Army General Charles A. Flynn as a strategic advisor to support future U.S. supply-chain discussions.

The Ontario permit and First Nation agreement are already in place.

What are the biggest risks, and how is the company managing them?

Critical One is an exploration-stage company.

Key risks include drill results, true-width interpretation, mineralogy and metallurgy, permitting, financing, and antimony price swings.

The company manages these through staged drilling, modern technical work, Ontario permitting, and its agreement with Eabametoong First Nation.

The aim is to verify the system properly and build the data needed for future resource work, rather than rely on any single result.

Why should investors watch Critical One, and what catalysts are next?

Critical One offers early exposure to a potential large-scale North American antimony source at a time of high import reliance and few public antimony names.

Near-term catalysts include additional Phase I assays, step-outs along the broader trend, and technical work on continuity, mineralogy, and metallurgy.

Further out, watch for evaluation of potential direct-shipping ore, gold results across the property, and progress on U.S. strategic and supply-chain positioning.

MINE-TO-MILITARY RELEVANCE

ONTARIO ANTIMONY FOR A SECURE NORTH AMERICAN SUPPLY CHAIN.
NEAR-NATIVE ANTIMONY CONFIRMED AT HOWELLS LAKE

Critical One is drilling toward the source North America has been missing: a secure, large-scale antimony supply close to home.
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