Allied Critical Metals Announces $10 Million Strategic Non-Brokered Private Placement

Core Points - Allied Critical Metals Inc. is conducting a non-brokered private placement offering to raise up to $10,000,000 by issuing up to 16,666,666 common shares at a price of $0.60 per share [1][5] - The offering is available to purchasers in Canada (excluding Quebec) and certain jurisdictions outside Canada, and the securities will not be subject to a hold period under Canadian securities laws [2] - The net proceeds from the offering will be used for exploration and development activities on the Borralha Tungsten Project and Vila Verde Tungsten Project, as well as for additional working capital [3] - The offering is subject to approval from the Canadian Securities Exchange [4] - The company may pay finder's fees of up to 7% of the gross proceeds and issue finders warrants equal to up to 7% of the shares issued [5] Company Overview - Allied Critical Metals Inc. is focused on the expansion and revitalization of its 100% owned Borralha Tungsten Project and Vila Verde Tungsten Project in northern Portugal [7] - Tungsten is classified as a critical metal by the United States and other western countries, with China, Russia, and North Korea accounting for approximately 86% of global supply and reserves [7] - The tungsten market is estimated to be valued between USD $5 billion and $6 billion, utilized across various industries including defense, automotive, manufacturing, electronics, and energy [7]