Latest news with #OSC
Globe and Mail
3 days ago
- Business
- Globe and Mail
Critical One Provides Clarification Respecting Shareholder Meeting to be held on July 21, 2025
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, July 10, 2025 (GLOBE NEWSWIRE) -- Critical One Energy Inc. (formerly Madison Metals Inc.) (' Critical One ' or the ' Company ') (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) announces that the resolution to ratify the acts and proceedings of the board of directors (the ' Board ') and officers of the Company described in the Information Circular of the Company filed on SEDAR+ on June 30, 2025 (the ' Circular ') regarding the Annual General Meeting of the shareholders to be held on July 21, 2025, will not be put to the shareholders for approval. The resolution will be withdrawn at the meeting because the Circular does not adequately set forth all of the details related to the acts and proceedings of the Board and officers in sufficient detail for a shareholder to make an informed decision on the subject matter of the resolution. For clarity, management of the Company has determined that there are no acts or proceedings taken by the Board or the officers of the Company which require approval of the shareholders. This clarification to the Circular has been made at the request of OSC staff in connection with an OSC review of the disclosure record of the Company. About Critical One Energy Inc. 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. The addition of the Howells Lake Antimony-Gold Project broadens the Company's exposure to antimony, one of the most in-demand critical minerals. 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-gold exploration potential in Canada and uranium investment interests in Namibia, Africa. By leveraging its technical, managerial, and financial expertise, the Company upgrades and creates high-value projects, thereby driving growth and delivering value to its shareholders. Additional information about Critical One Energy Inc. can be found at and on the Company's SEDAR+ profile at For further information, please contact: Duane Parnham Executive Chairman & CEO Critical One Energy Inc. +1 (416) 489-0092 ir@ Media inquiries: Adam Bello Manager, Media & Analyst Relations Primoris Group Inc. +1 (416) 489-0092 media@ Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release. Forward-looking Statements 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 strategy. Forward-looking information contained in this press release includes, but is not limited to, statements relating to the Company's business strategy and objectives. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that: the Company will have the resources required in order to conduct its business as currently operated. However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, risks relating to the mining industry in general, and other risks as described in the Company's continuous disclosure record on SEDAR+. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
Yahoo
3 days ago
- Business
- Yahoo
Critical One Provides Clarification Respecting Shareholder Meeting to be held on July 21, 2025
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, July 10, 2025 (GLOBE NEWSWIRE) -- Critical One Energy Inc. (formerly Madison Metals Inc.) ('Critical One' or the 'Company') (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) announces that the resolution to ratify the acts and proceedings of the board of directors (the 'Board') and officers of the Company described in the Information Circular of the Company filed on SEDAR+ on June 30, 2025 (the 'Circular') regarding the Annual General Meeting of the shareholders to be held on July 21, 2025, will not be put to the shareholders for approval. The resolution will be withdrawn at the meeting because the Circular does not adequately set forth all of the details related to the acts and proceedings of the Board and officers in sufficient detail for a shareholder to make an informed decision on the subject matter of the resolution. For clarity, management of the Company has determined that there are no acts or proceedings taken by the Board or the officers of the Company which require approval of the shareholders. This clarification to the Circular has been made at the request of OSC staff in connection with an OSC review of the disclosure record of the Company. About Critical One Energy Inc. 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. The addition of the Howells Lake Antimony-Gold Project broadens the Company's exposure to antimony, one of the most in-demand critical minerals. 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-gold exploration potential in Canada and uranium investment interests in Namibia, Africa. By leveraging its technical, managerial, and financial expertise, the Company upgrades and creates high-value projects, thereby driving growth and delivering value to its shareholders. Additional information about Critical One Energy Inc. can be found at and on the Company's SEDAR+ profile at For further information, please contact: Duane ParnhamExecutive Chairman & CEOCritical One Energy Inc. +1 (416) 489-0092ir@ Media inquiries: Adam BelloManager, Media & Analyst RelationsPrimoris Group Inc.+1 (416) 489-0092media@ Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release. Forward-looking Statements 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 strategy. Forward-looking information contained in this press release includes, but is not limited to, statements relating to the Company's business strategy and objectives. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that: the Company will have the resources required in order to conduct its business as currently operated. However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, risks relating to the mining industry in general, and other risks as described in the Company's continuous disclosure record on SEDAR+. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Canadian regulators warn of high-pressure sales tactics at big banks
Canadian securities regulators are raising serious concerns about aggressive sales tactics inside the country's largest banks. A new report from the Ontario Securities Commission (OSC) and the Canadian Investment Regulatory Organization (CIRO) reveals that many mutual fund dealing representatives at the bank branches are under pressure to prioritize sales, with some admitting they have recommended products that may not be suitable for clients. The findings suggest that investors may not be receiving advice that truly reflects their financial needs. 'While it's clear that many bank representatives are prioritizing quality advice, it is also clear that sales pressures and incentivization may be driving concerning behaviours,' said Grant Vingoe, CEO of the OSC, in a statement. 'The focus of the bank representatives should be the best interests of their customers and clients — not feeling heightened pressures to meet sales targets.' The survey reveals that 32 per cent of representatives agree that the way they're compensated puts more value on sales volume than the quality of advice given to clients. 'We pay lip service to financial planning,' said one anonymous mutual fund representative in the survey. 'Someone who sells a huge mutual fund is viewed more favourably than someone who ran a complex financial plan and helped the client but in a more modest, financially ethical and healthy way. This needs to change.' Jason Pereira, senior partner and financial planner at Woodgate Financial, says Canadians should be aware that banks have no obligation to work in their best interests. Mutual fund dealing representatives don't have fiduciary responsibility, which is a legal and ethical requirement to prioritize clients' interests above their own or their institutions. Instead, they have a suitability responsibility, which means a product has to be suitable for a situation. 'That doesn't mean they won't recommend something that isn't a conflict of interest,' he said. More than half of representatives (56 per cent) say that scorecards — a means of tracking performance against target measures — add significant pressure on them to increase sales, while 58 per cent agree that scorecards draw attention to the individual representatives who are not hitting sales or other targets. Twenty-five per cent of representatives say that clients have, at least 'sometimes,' been recommended products or services that are not in their interests. 'I feel more like a salesperson than an investment advisor,' one representative said. One-third of the representatives polled also note that at least 'sometimes,' clients have been given incorrect information about the products or services being recommended to them. 'There needs to be more training for newly registered mutual fund representatives,' another representative said. 'I find they often don't even know how to put together a portfolio based on their Know Your Client [understanding the client's financial profile]. They don't know the proper investment sale process. They don't even know the list of mutual funds available for sale by the bank.' Andy McNair-West, a spokesperson for the OSC and CIRO, encourages consumers to not feel pressured to make any immediate decisions. Instead, they should take time to consider the information and seek additional advice if needed. Consumers should be inquisitive, Pereira says. 'The people sitting across from them should have to earn trust, not receive trust because of the logo that they're affiliated with.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Canadian regulators warn of high-pressure sales tactics at Canada's big banks
Canadian securities regulators are raising serious concerns about aggressive sales tactics inside the country's largest banks. A new report from the Ontario Securities Commission (OSC) and the Canadian Investment Regulatory Organization (CIRO) reveals that many mutual fund dealing representatives at the bank branches are under pressure to prioritize sales, with some admitting they have recommended products that may not be suitable for clients. The findings suggest that investors may not be receiving advice that truly reflects their financial needs. 'While it's clear that many bank representatives are prioritizing quality advice, it is also clear that sales pressures and incentivization may be driving concerning behaviours,' said Grant Vingoe, CEO of the OSC, in a statement. 'The focus of the bank representatives should be the best interests of their customers and clients — not feeling heightened pressures to meet sales targets.' The survey reveals that 32 per cent of representatives agree that the way they're compensated puts more value on sales volume than the quality of advice given to clients. 'We pay lip service to financial planning,' said one anonymous mutual fund representative in the survey. 'Someone who sells a huge mutual fund is viewed more favourably than someone who ran a complex financial plan and helped the client but in a more modest, financially ethical and healthy way. This needs to change.' Jason Pereira, senior partner and financial planner at Woodgate Financial, says Canadians should be aware that banks have no obligation to work in their best interests. Mutual fund dealing representatives don't have fiduciary responsibility, which is a legal and ethical requirement to prioritize clients' interests above their own or their institutions. Instead, they have a suitability responsibility, which means a product has to be suitable for a situation. 'That doesn't mean they won't recommend something that isn't a conflict of interest,' he said. More than half of representatives (56 per cent) say that scorecards — a means of tracking performance against target measures — add significant pressure on them to increase sales, while 58 per cent agree that scorecards draw attention to the individual representatives who are not hitting sales or other targets. Twenty-five per cent of representatives say that clients have, at least 'sometimes,' been recommended products or services that are not in their interests. 'I feel more like a salesperson than an investment advisor,' one representative said. One-third of the representatives polled also note that at least 'sometimes,' clients have been given incorrect information about the products or services being recommended to them. 'There needs to be more training for newly registered mutual fund representatives,' another representative said. 'I find they often don't even know how to put together a portfolio based on their Know Your Client [understanding the client's financial profile]. They don't know the proper investment sale process. They don't even know the list of mutual funds available for sale by the bank.' Consumers should be inquisitive, Pereira says. 'The people sitting across from them should have to earn trust, not receive trust because of the logo that they're affiliated with.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fox News
3 days ago
- Politics
- Fox News
Trump's nominee to lead US Office of Special Counsel refutes antisemitic claims and ties to Holocaust denier
FIRST ON FOX: President Donald Trump's nominee to lead the U.S. Office of Special Counsel (OSC) sat down with Fox News Digital to address a barrage of attacks from Democrats and the media as he heads toward his Senate confirmation. Paul Ingrassia, a Cornell Law School graduate from Long Island, New York, was nominated by President Trump at the end of May to lead OSC, a nonpartisan, independent agency mainly responsible for investigating and protecting federal whistle-blowers, and enforcing the Hatch Act, which restricts federal employees from using federal funds for political gain. Ingrassia, who is just 30 years old and served as White House liaison to the Department of Justice before being reassigned to the Department of Homeland Security in Trump's second term, has faced heavy criticism from Democrats and the mainstream media leading up to his Senate confirmation hearing. Concerns mainly surround his young age paired with antisemitic allegations, which Ingrassia has sternly denied. "I'm not an antisemite," Ingrassia said on a call with Fox News Digital. "The hit piece and the smears that are being propagated by CNN is just a total lie." "The fact that they're smearing me as a Holocaust denier, I think it's disgusting," Ingrassia continued. "I grew up in New York, New York, where there were within my own neighborhood survivors of the Holocaust three houses down from me and I [listened] to their stories. I understand that we can never go through something like that ever again." Ingrassia is alleged to have ties with fringe figure Nick Fuentes, an openly outspoken antisemite and Holocaust denier. Trump's OSC nominee previously posted to X that Fuentes should be allowed to speak at a Talking Point USA conference last year, arguing that "conservatives should always uphold the first amendment," referring to Fuentes as a "dissident" voice. But when asked about antisemitism broadly, Ingrassia made clear that his views on the matter do not align with those of Fuentes. "I've done a lot currently in my role as a White House liaison to advance Jewish patriots and many jobs across the federal government," Ingrassia told Fox. "I think what happened on Oct. 7 was, you know, an atrocity, a tragedy, and I never want to see something like that happen again." CNN also claimed that various Jewish advocacy groups didn't know who Ingrassia was and did not endorse him, with one of those groups being the Zionist Organization of America. However, the organization's national president was quick to dispute the claim. "A CNN article [said] that I never endorsed Paul Ingrassia for his nomination of a position with OSC," Morton Klein, national president for the Zionist Organization of America, told Fox News Digital. "In fact, I merely stated that I didn't clearly recall endorsing him. But upon further reflection, I now recall that I did endorse him during a recent Newsmax interview. And since then, I've had further conversations with Paul Ingrassia which only strengthened my support of having him confirmed." "He also made clear to me that he finds 'Fuentes views on denying the Holocaust and viciously and inappropriately condemning the Jewish State of Israel abhorrent and despicable,'" Klein said. CNN also quoted Jonathan Burkan, a Trump-appointed member of the Holocaust Memorial Council, as another Jewish advocate who does not support Ingrassia. But Burkan told Fox News Digital: "On a personal level, I know Paul to be a good man who is not an antisemite nor a Holocaust denier." "I am confident based on my conversations with him that he is a friend and an ally of the Jewish community, and anything to the contrary is a vicious and disgusting smear against him." The timeline for Ingrassia's Senate confirmation hearing and confirmation is unclear, but he will likely face questions surrounding similar topics when facing Congress. Preston Mizell is a writer with Fox News Digital covering breaking news. Story tips can be sent to and on X @MizellPreston
