Critical One Energy says it retains 100% Kenora property after American Atomics ends option agreement
Reuters2026/08/12 19:58- Critical One Energy moved to reclaim control of its Kenora Property in northwestern Ontario following American Atomics’ termination of an option agreement.
- American Atomics ended the option effective May 3, 2026 without earning any interest, leaving Critical One with a 100% stake.
- Critical One alleges claim 531620 lapsed under American Atomics’ control due to missed assessment work, then was registered by a third party.
- A June 23, 2026 demand seeks damages for the lost claim, plus return of geological data and supporting financial records.
- Critical One also plans to compel transfer of 10 claims American Atomics staked in the area of common interest, including via court action.
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