Allied Critical Metals Closes First Tranche of Oversubscribed Non-Brokered Private Placement and Upsize to $5m of the Offering
Allied Critical Metals Closes First Tranche of
Oversubscribed Non-Brokered Private
Placement and Upsize to $5m of the Offering
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2025) - Allied Critical Metals Inc. (CSE:
ACM) (OTCQB: ACMIF) (FSE: 0VJ0) ("
Allied
" or the "
Company
") is pleased to announce it has closed
the first tranche (the "
First Tranche
") of the previously announced non-brokered private placement
offering (the "
Offering
") of 14,996,986 units of the Company (the "
Units
" and, each, a "
Unit
") at a price
of $0.30 per Unit raising gross proceeds $4,499,095.80. Each Unit will be comprised of one common
share of the Company (a "
Share
") and one-half of one common share purchase warrant (each whole
common share purchase warrant, a "
Warrant
"). Each Warrant will entitle the holder thereof to acquire
one additional Share (each a "
Warrant Share
") at a price of $0.40 per Warrant Share and will be
exercisable for a period of 24 months from the date of issuance.
The Company further announces that it has increased the size of the Offering to raise combined gross
proceeds (including the First Tranche) of up to $5,000,000 in aggregate. The Company expects to close
a final tranche of the Offering on or about August 18, 2025 (the "
Final Tranche
").
The Company intends to use the net proceeds of the Offering for ongoing exploration and development
activities on the Borralha Tungsten Project and Vila Verde Tungsten Project and for additional working
capital.
The Offering is subject to approval of the Canadian Securities Exchange (the "
CSE
"), and all Units and
securities of the Company issued pursuant to the Offering will be subject to a four month hold period from
the date of issuance. The Offering will not result in the creation of a new insider or control person of the
Company.
The Company paid finder's fees of $310,386.30 in cash and 1,034,621 Finders Warrants (as defined
below) in connection with the First Tranche of the Offering to eligible finders in accordance with policies
of the CSE and applicable securities laws comprised of (i) a cash commission of up to 7% of the gross
proceeds of the First Tranche, and (ii) a number of finders warrants ("
Finders Warrants
"), equal to up to
7% of the number of Units issued under the Offering with each Finders Warrant exercisable for one
additional Unit of the Company for a period of 24 months at $0.30 per Unit from the date of issuance.
The Company may also pay finder's fees in connection with the Final Tranche of the Offering to eligible
finders in accordance with policies of the CSE and applicable securities laws consisting of (i) a cash
commission of up to 7% of the gross proceeds of the Final Tranche, and (ii) a number of Finders
Warrants equal to up to 7% of the number of Units issued under the Final Tranche.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the
United States, nor shall there be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities being offered have not been, nor will they be,
registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in
the United States absent registration or an applicable exemption from the registration requirements of
the 1933 Act, as amended, and applicable state securities laws.
About Allied Critical Metals Inc.
Allied Critical Metals Inc.
(CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining
company focused on the expansion and revitalization of its 100% owned past producing Borralha
Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been
designated a critical metal by the United States and other western countries, as they are aggressively
seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent
approximately 86% of the total global supply and reserves. The tungsten market is estimated to be
valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense,
automotive, manufacturing, electronics, and energy.
Please visit our website at
www.alliedcritical.com
.
Also visit us at:
LinkedIn:
https://www.linkedin.com/company/allied-critical-metals-inc
X:
https://x.com/@alliedcritical/
Instagram:
https://www.instagram.com/alliedcriticalmetals/
ON BEHALF OF THE BOARD OF DIRECTORS
Per:
"Roy Bonnell"
Roy Bonnell
Chief Executive Officer and Director
Contact Information
For further information or investor relations inquiries, please contact:
Dave Burwell, Vice President, Corporate Development
Tel:
403 410 7907 | Toll Free: 1-888-221-0915
Email:
The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of
this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking statements", including with respect to the use of proceeds.
Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan",
"expect", "intend", "estimate", "potential for" and similar expressions have been used to identify these
forward-looking statements. These forward-looking statements reflect the current expectations of the
Company's management for future growth, results of operations, performance and business prospects
and opportunities and involve significant known and unknown risks, uncertainties and assumptions,
including, without limitation, those listed in the Company's Listing Statement and other filings made by
the Company with the Canadian securities regulatory authorities (which may be viewed under the
Company's profile at
www.sedarplus.ca
). Examples of forward-looking statements in this news release
include, but are not limited to, statements regarding the proposed timeline and use of proceeds for
exploration and development of the Company's mineral projects as described in the Company's Listing
Statement, news releases, and corporate presentations. Should one or more of these risks or
uncertainties materialize or should assumptions underlying the forward-looking statements prove
incorrect, actual results, performance or achievements may vary materially from those expressed or
implied by the forward-looking statements contained in this news release. These factors should be
considered carefully, and prospective investors should not place undue reliance on the forward-looking
statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking
statements and reference should also be made to the Company's Listing Statement dated April 23,
2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed
under its SEDAR+ profile at
www.sedarplus.ca
for a description of additional risk factors. The
Company disclaims any intention or obligation to revise forward-looking statements whether as a result
of new information, future developments or otherwise, except as required by law.
Not for distribution to U.S. news wire services or dissemination in the United States
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/262558