Business
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 ...
About this update from Allied Critical Metals Inc.
[{"type":"text","content":"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.","length":946,"tagName":"p"},{"type":"text","content":"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").","length":295,"tagName":"p"},{"type":"text","content":"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.","length":211,"tagName":"p"},{"type":"text","content":"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.","length":337,"tagName":"p"},{"type":"text","content":"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 numb...