Business
American Critical Minerals Announces Upsize of Bought Deal Offering to $4.74 Million and Fully-Allocated Non-Brokered Offering
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - American Critical Minerals Corp. (CSE: KCLI) (OTCQB: APCOF) (FSE: 2P30) ("American Critical Minerals" or the "Company") is pleased to announce that it has entered into an amendment agreement with Research Capital Corporation as the sole underwriter and sole bookrunner, (the "Underwriter"), pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 13,543,000 units of the Company (the "Units") at a price of.
About this update from American Critical Minerals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - American Critical Minerals Corp. (CSE: KCLI) (OTCQB: APCOF) (FSE: 2P30) ("American Critical Minerals" or the "Company") is pleased to announce that it has entered into an amendment agreement with Research Capital Corporation as the sole underwriter and sole bookrunner, (the "Underwriter"), pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 13,543,000 units of the Company (the "Units") at a price of $0.35 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of $4,740,050 (the "Offering").","length":678,"tagName":"p"},{"type":"text","content":"As previously announced, the Company is also conducting a concurrent non-brokered private placement of up to 5,714,286 Units at a price of $0.35 per Unit for gross proceeds of up to $2,000,000 (the "Non-Brokered Private Placement"). The Company is pleased to announce that the Non-Brokered Private Placement has been fully-allocated. Together with the Offering and the Non-Brokered Private Placement, the Company expects to raise aggregate gross proceeds of $6,740,050, excluding the Underwriter's Option (as defined herein).","length":539,"tagName":"p"},{"type":"text","content":"Each Unit shall be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.45 per Common Share for a period of 36 months following closing of the Offering, provided that holders will not be permitted to exercise Warrants until 60 days following closing of the Offering.","length":499,"tagName":"p"},{"type":"text","content":"The net proceeds from the Offering of the Units will be used to launch an initial drill program targeting potash, lithium and bromine at the Company's Green River Project, focused on confirming and updating historic drill data, and for working capital and general corporate purposes.","length":287,"tagName":"p"},{"type":"text","content":"The Company has granted to the Underwriter an option (the "Underwriters' Option") to increase the size of the Offering by up to a...