12:45 PM EDT, 09/02/2025 (MT Newswires) -- Critical One Energy ( MMTLF ) was last seen up 17% after the company on Tuesday said it acquired an 18.5% interest in Dark Star Minerals (BATT.CN), an exploration company advancing uranium projects in Namibia's Erongo uranium province.

The investment follows the closing of Critical One's sale of its Khan and Cobra uranium projects to Dark Star, announced on August 7, a deal valued at US$3.5 million. The 18.5% stake in Dark Star positions Critical One as a "significant shareholder."

"We are excited to hold a significant stake in Dark Star and to support their efforts to advance the Khan and Cobra uranium projects in Namibia, the world's third-largest uranium-producing country according to the World Nuclear Association," said Chief Executive Duane Parnham. "These projects, located near the Rossing Uranium Mine, have demonstrated significant potential, with high-grade results of up to 8.47% U3O8 at Khan West."

Shares of the company were last seen up $0.11 to $0.74 on the Canadian Securities Exchange.

Price: 0.73, Change: +0.10, Percent Change: +15.87