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Allied Critical Metals Announces Upsized $16.25 Million LIFE Offering
Newsfile· 2025-10-07 22:04
Core Viewpoint - Allied Critical Metals Inc. has increased its non-brokered private placement offering to raise gross proceeds of up to $16,250,000 by issuing up to 27,083,333 common shares at a price of $0.60 per share due to strong investor demand [1]. Group 1: Offering Details - The shares will be offered under the Listed Issuer Financing Exemption, allowing sales to purchasers in Canada (excluding Quebec) and certain jurisdictions outside Canada, without a hold period under Canadian securities laws [2]. - The offering is subject to approval from the Canadian Securities Exchange (CSE) and is expected to close around October 21, 2025 [4][5]. - The company may pay finder's fees of up to 7% of the gross proceeds in cash and issue finders warrants equal to up to 7% of the shares issued, exercisable for 24 months at $0.60 per share [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for ongoing exploration and development activities on the Borralha Tungsten Project and Vila Verde Tungsten Project, as well as for additional working capital [4]. Group 3: Company Overview - Allied Critical Metals Inc. is focused on the expansion and revitalization of its 100% owned Borralha and Vila Verde Tungsten Projects in northern Portugal, with tungsten being designated a critical metal by the U.S. and other western countries [7]. - The tungsten market is valued at approximately USD $5 to $6 billion and is utilized in various industries, including defense, automotive, manufacturing, electronics, and energy [7].
Allied Critical Metals Announces $10 Million Strategic Non-Brokered Private Placement
Newsfile· 2025-10-06 21:29
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]
Almonty Announces Results of Special Meeting of Shareholders
Businesswire· 2025-09-29 22:35
Core Points - Almonty Industries Inc. held a special meeting of shareholders to discuss the amendment of the currency in which an aggregate is denominated [1] Group 1 - The meeting was conducted to seek shareholder approval for the proposed currency amendment [1] - The management information circular detailing the meeting was dated August 28, 2025 [1]
Allied Critical Metals Expands High Grade Footprint at Borralha Tungsten Project
Newsfile· 2025-09-29 21:00
Core Insights - Allied Critical Metals Inc. is expanding its high-grade footprint at the Borralha Tungsten Project in northern Portugal, with recent drilling results enhancing confidence in resource growth and model robustness [1][5][25] Drilling Results - The latest drill holes, Bo_RC_21 and Bo_RC_26, confirm the continuity of mineralization at the Santa Helena Breccia, supporting both lateral expansion and model refinement [2][3] - Bo_RC_21 confirmed a large coherent mineralized corridor with over 100 meters in width, extending beyond the current Mineral Resource Estimate (MRE) envelope [3][5] - Bo_RC_26 is an infill hole that enhances confidence in the resource model and suggests potential for western expansion [4][5] Drill Program Progress - A total of 3,721 meters of Reverse Circulation (RC) drilling has been completed out of a planned 5,728 meters, with multiple assay results confirming thick mineralized zones and consistent grade distribution [5][14] - The current drilling campaign aims to support the expansion of the MRE, the development of a Preliminary Economic Assessment (PEA), and the delineation of potential higher-grade corridors for future mine planning [6][14] Mineral Resource Estimate and Economic Assessment - An expansion of the MRE is expected in Q4 2025, which will be informed by ongoing drilling results [6][14] - The company is working towards a robust PEA that will assess the economic viability of the Borralha project [6][14] Strategic Context - The Borralha Tungsten Project is historically significant and is positioned to play a central role in reshaping Europe's tungsten landscape, particularly in light of the EU's dependence on tungsten imports from China [22][25] - The project benefits from existing infrastructure, shallow mineralization, and a simple processing route, making it one of the most advanced tungsten development projects in the EU [24][25] Future Steps - Drilling is ongoing, with further results expected in the coming weeks, focusing on both western and northern extensions of the Santa Helena Breccia [14][15] - The company is adapting its current campaign to confirm and potentially expand upon recent high-grade intercepts [15][25]
American Tungsten Advances Rehabilitation Efforts at IMA And Enters into LOI for U.S-based Offtake
Globenewswire· 2025-09-24 11:00
Core Insights - American Tungsten Corp. is making significant progress on the Zero Level rehabilitation project at the IMA Mine, achieving key milestones as of September 20, 2025 [1][3]. Strategic Developments - The company has entered into a Letter of Intent (LOI) with Global Tungsten & Powders, a major tungsten processor, which is expected to enhance its position as a leading domestic supplier of high-grade tungsten [3][4]. - The Zero Level access tunnel rehabilitation has reached 115 feet, with ongoing efforts in the main collapsed zone estimated to span approximately 50 feet [4]. - The company is fully funded for resource definition drilling and technical studies, positioning itself to unlock significant value from the IMA Mine [3][4]. Operational Updates - A site visit conducted on September 15-16, 2025, confirmed the progress of rehabilitation work, with positive feedback from the MSHA inspector regarding the quality of work completed [4]. - Radon measurements within the tunnel showed a zero reading, indicating a safe working environment [4]. Project Overview - The IMA Mine is an advanced tungsten-molybdenum property located in Idaho, with the potential for immediate production restoration [11][12]. - The company holds an exclusive option to acquire full ownership of the mine, subject to a 2% royalty, and has expanded its land position with an additional 113 federal claims covering nearly 2,000 acres [12].
American Tungsten Advances Rehabilitation Efforts at IMA And Enters into LOI for U.S-based Offtake
Globenewswire· 2025-09-24 11:00
Core Insights - American Tungsten Corp. is making significant progress on the Zero Level rehabilitation project at the IMA Mine, achieving key milestones as of September 20, 2025 [1][3]. Strategic Developments - The company has entered into a Letter of Intent (LOI) with Global Tungsten & Powders, a major tungsten processor, which is expected to enhance its position as a leading domestic supplier of high-grade tungsten [3][4]. - The Zero Level access tunnel rehabilitation has reached 115 feet, with ongoing efforts in the main collapsed zone estimated to span approximately 50 feet [4]. - The company is fully funded for resource definition drilling and technical studies, positioning itself to unlock significant value from the IMA Mine [3][4]. Operational Updates - A site visit conducted on September 15-16, 2025, confirmed the progress of rehabilitation work, with positive feedback from the MSHA inspector regarding the quality of work completed [4]. - Radon measurements within the tunnel indicated a zero reading, ensuring a safe working environment for ongoing operations [4]. Project Overview - The IMA Mine is an advanced tungsten-molybdenum property located in Idaho, with immediate opportunities for restoring production [9][11]. - The company holds an exclusive option to acquire full ownership of the IMA Mine, subject to a 2% royalty, and has expanded its land position with an additional 113 federal claims covering nearly 2,000 acres [11].
Allied Critical Metals Announces Highlights from the 2023-24 Borralha Drill Program
Newsfile· 2025-09-23 21:00
Core Viewpoint - Allied Critical Metals Inc. has announced significant results from its 2023-2024 drill program at the Borralha Tungsten Project in Portugal, highlighting the potential for a stable and scalable source of tungsten concentrate outside of China and Russia [4][11][23]. Drill Program Highlights - The drill program involved over 3,685 meters drilled across 16 holes, with notable intercepts including 0.68% WO₃ over 2.0 meters and 0.63% WO₃ over 16.0 meters [5][6][11]. - The Borralha Technical Report indicates a mineral resource estimate of 4.98 million tonnes at 0.22% WO₃ (Indicated) and 7.01 million tonnes at 0.20% WO₃ (Inferred) [11]. Economic Context - Tungsten is classified as a critical metal, with approximately 87% of the global supply controlled by China, Russia, and North Korea, making Allied's project strategically important for Western markets [23][22]. - The focus on wolframite tungsten mineralization allows for lower processing costs and higher recoveries, enhancing the economic viability of the project even at lower grades [20][22]. Future Plans - The company plans to provide an updated Mineral Resource Report in Q4 2025, which will include results from over 5,700 meters of drilling from the current program [11]. - Continued exploration efforts are aimed at further defining the resource potential of the Borralha Tungsten Project [12].
Adelayde Announces Investment Dealer Exemption to Private Placement to Fund Gold Drill Program in Esmeralda County, Nevada
Newsfile· 2025-09-11 16:36
Core Viewpoint - Adelayde Exploration Inc. is initiating a private placement to fund a gold drill program in Esmeralda County, Nevada, leveraging the Investment Dealer Exemption to enhance its capital position amid rising gold prices [1][2][3]. Group 1: Private Placement Details - The company plans to raise gross proceeds of up to $1 million through the issuance of up to 20 million units at a price of $0.05 per unit, with each unit consisting of one common share and one transferable share purchase warrant [4]. - Each warrant will allow the holder to acquire an additional share at a price of $0.075 until five years from the closing of the financing [4]. - The net proceeds will be allocated towards general working capital, and finder’s fees may be paid to eligible finders [4]. Group 2: Strategic Context - With gold prices at record highs and only 29 million shares outstanding, the company views this as an optimal time to advance its gold project in Nevada, a leading jurisdiction for gold and silver mining [2][3]. - The company is also pursuing activities in its Tungsten project in New Brunswick and the Perron-East Gold Project in Quebec, which has shown significantly enhanced economics with a post-tax IRR of 70.1% and a post-tax NPV of C$1.085 billion at US$2,500/oz gold [3]. - Adelayde's current market capitalization is under $2 million, indicating that exploration success could lead to a substantial re-rating of its valuation [3]. Group 3: Company Overview - Adelayde Exploration Inc. holds multiple projects, including three lithium projects in Clayton Valley, Nevada, and a gold project in Esmeralda County, Nevada [6][7]. - The company’s lithium projects include the McGee lithium clay deposit, the Elon lithium brine project, and the Green Clay lithium project, alongside other mineral projects in New Brunswick [6][7].
Allied Critical Metals Expands Santa Helena Breccia in Borralha with Long Tungsten Intercepts and Confirms High-Grade Trend
Newsfile· 2025-09-11 11:47
Core Viewpoint - Allied Critical Metals Inc. has announced significant assay results from its ongoing drilling campaign at the Borralha Tungsten Project, indicating the Santa Helena Breccia is emerging as a larger and higher-grade orebody than previously modeled [1][3][4] Company Developments - The company is conducting a 4,200 meters reverse circulation drilling campaign at the Borralha Tungsten Project, with plans for an additional 1,528 meters of drilling in Q4 2025 [1][4] - Recent drill results have extended mineralization both west and north of previously reported high-grade intercepts, suggesting a larger and higher-grade Breccia complex [1][4][12] - The CEO highlighted the potential of Borralha as a strategic source of tungsten for Portugal, the EU, and NATO, emphasizing the importance of the upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [3][5] Industry Context - Tungsten prices have reached a new high of U.S.$550/MTU, reflecting a more than 40% increase over the past four months due to rising demand and supply chain restrictions from non-Western countries [2] - The European Union recognizes tungsten as a critical and strategic raw material, with the Borralha Project positioned to help meet the EU's target of sourcing at least 10% of its critical raw materials domestically by 2030 [5][24] - The U.S. and NATO defense sectors are heavily reliant on tungsten, making the Borralha Project a vital component of critical mineral supply chains [5][24] Drilling Results - The latest drill results include significant intervals such as 100.0 meters at 0.21% WO₃ from drill hole Bo_RC_17/25, indicating a bulk-mineable medium-grade core with well-defined high-grade corridors [4][7] - Drill hole Bo_RC_14/25 previously reported 12.0 meters at 4.27% WO₃, including 6.0 meters at 8.39% WO₃, showcasing the high-grade potential of the project [4][7] - The drilling program is expanding the footprint of the Breccia complex, with new northern deep lode identified for resource growth [5][12] Future Plans - The company plans to continue drilling to target west-deep and northern extensions while tightening spacing across the MRE backbone, with additional assays to be released as they are validated [14] - The timeline is aligned with an updated MRE expected in Q4 2025, followed by a PEA [14]
Allied Critical Metals Intersects 12 Metres of 4.27% Tungsten (WO3) Incl. 6 Metres of 8.39% Tungsten (WO3) at Its 100% Owned Borralha Tungsten Project in Northern Portugal
Newsfile· 2025-09-04 11:30
Core Insights - Allied Critical Metals Inc. has reported significant drilling results from its Borralha Tungsten Project, with drill hole Bo_RC_14/25 intersecting 12.0 metres at 4.27% WO3, including 6.0 metres at 8.39% WO3, marking one of the highest-grade tungsten intercepts in Western exploration [4][12][24] - The tungsten price has reached a new high of $545 USD/MTU, reflecting a 40% increase over the past four months due to rising demand and supply chain restrictions from non-Western countries [2][4] Company Developments - The ongoing 4,200-metre Reverse Circulation drill program at Borralha is aimed at updating the Mineral Resource Estimate (MRE) and conducting advanced metallurgical testing, with a Preliminary Economic Assessment (PEA) targeted for completion later this year [1][3][24] - As of July 30, 2025, approximately 2,500 metres of drilling have been completed across nine drill holes, with operations resuming on September 1, 2025, after a temporary pause due to seasonal fire safety restrictions [3][28] Technical Progress - The drilling program has confirmed the presence of high-grade tungsten mineralization, with visual observations of wolframite supporting the interpretation of a potentially enriched corridor within the breccia-hosted system [7][12] - The company plans to complete an additional 1,528 metres of drilling in the fourth quarter of 2025 to build on the successes achieved in July [1][27] Strategic Positioning - The Borralha Project is positioned as a critical asset for Western countries' strategic raw material supply, especially as tungsten is designated a Critical and Strategic Raw Material by both the European Union and the United States [24][32] - The project addresses supply vulnerabilities amid rising global demand and constrained Chinese exports, making it a key player in supporting defense readiness and other critical sectors [24][31]