Critical One plans spinout of Kenora, Namibia assets into new Critical Two Energy vehicle

• Critical One plans to spin out the Kenora uranium property and Namibia uranium-copper interests into a new vehicle, Critical Two Energy.
• Critical Two shares would be distributed to Critical One shareholders via a dividend, with record date and terms to be set.
• Critical Two is expected to pursue a separate stock exchange listing.
• American Atomics’ option over Kenora ended May 3, 2026, restoring Critical One’s 100% interest.
• Micon International was engaged to run an independent technical review of Kenora, including an audit of work completed during the option period.

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 Newsfile (Ref. ID: 202610080720NEWSFILECNPR____20261008_317968_1) on October 08, 2026, and is solely responsible for the information contained therein.