Allied Critical Metals Announces Upsized $16.25 Million LIFE Offering

Rhea-AI Summary

Allied Critical Metals (OTCQB: ACMIF) upsized a non-brokered private placement to raise up to $16.25 million by issuing up to 27,083,333 common shares at $0.60 per share under the Listed Issuer Financing Exemption (NI 45-106).

Proceeds are intended for ongoing exploration and development of the Borralha and Vila Verde tungsten projects and for working capital. The offering may include finders’ fees: up to 7% cash and up to 7% finders warrants exercisable at $0.60 for 24 months. Closing is expected on or about October 21, 2025, subject to CSE approval.

Positive

• Raised up to $16.25M through equity financing
• Proceeds allocated to Borralha and Vila Verde project development
• No Canadian hold period under NI 45-106 for offered securities

Negative

• Potential dilution from issuance of up to 27,083,333 shares
• Finders fees could reduce net proceeds by up to 7% cash plus warrants

Vancouver, British Columbia--(Newsfile Corp. - October 7, 2025) - Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company"), is pleased to announce that as a result of strong investor demand, the Company increased the size of its previously announced non-brokered private placement offering (the "Offering") to raise gross proceeds of up to $16,250,000 by issuing up to 27,083,333 common shares of the Company (the "Shares" and, each, a "Share") at a price of $0.60 per Share.

The Shares will be offered to purchasers pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") to purchasers resident in Canada, except Quebec, and certain jurisdictions outside of Canada.. Pursuant to NI 45-106, the securities offered under the Offering will not be subject to a hold period in accordance with applicable Canadian securities laws.

There is an amended and restated offering document (the "Offering Document") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.alliedcritical.com. Prospectus investors should read this Offering Document before making an investment decision.

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").

The Company may pay finder's fees in connection with 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 Offering, and (ii) a number of finders warrants ("Finders Warrants"), equal to up to 7% of the number of Shares issued under the Offering with each Finders Warrant exercisable for one additional Share of the Company for a period of 24 months at $0.60 per Share from the closing date of the Offering (the "Closing Date"). The Offering is expected to close on or about October 21, 2025, or such other date as determined by the Company.

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: daveb@alliedcritical.com

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/269555

FAQ

What is Allied Critical Metals (ACMIF) raising in the October 7, 2025 offering?

Allied is raising up to $16.25 million by issuing up to 27,083,333 shares at $0.60 per share.

How will Allied (ACMIF) use the proceeds from the $16.25M offering?

Proceeds are intended for exploration and development of the Borralha and Vila Verde tungsten projects and for additional working capital.

When is the expected closing date for Allied Critical Metals' offering (ACMIF)?

The offering is expected to close on or about October 21, 2025, subject to CSE approval.

Will Allied (ACMIF) pay finders for the private placement and what are the terms?

The company may pay finders up to 7% cash of gross proceeds and up to 7% of issued shares as finders warrants exercisable at $0.60 for 24 months.

Are the offered Allied (ACMIF) shares subject to a Canadian hold period?

No; securities under the Listed Issuer Financing Exemption (NI 45-106) will not be subject to a hold period under applicable Canadian securities laws.

Can Allied Critical Metals (ACMIF) securities be sold in the United States from this offering?

No; the securities have not been registered under the 1933 Act and may not be offered or sold in the United States absent registration or an applicable exemption.