Boughton Law Advises Allied Critical Metals on Upsized $16.25M LIFE Offering Following CSE Listing

Allied Critical Metals Inc. (CSE: ACM), a Canadian-based mining company focused on expanding and revitalizing its 100%-owned Borralha and Vila Verde Tungsten Projects in northern Portugal, recently closed its upsized $16.25 million Listed Issuer Financing Exemption (LIFE) Offering and was welcomed by the Canadian Securities Exchange (CSE) to open the market in Toronto.

Led by CEO Roy Bonnell, Allied raised aggregate gross proceeds of approximately 16.25 million issuing common shares at $0.60 per share, providing full funding for the completion of a Mineral Resource Estimate (MRE) for Borralha later this year, followed by a Preliminary Economic Assessment (PEA) and further expansion programs through 2026.

Tungsten is recognized as a critical mineral by Canada, the United States, and other Western nations due to its essential role in defense, manufacturing, and energy industries. With approximately 86% of global supply controlled by China, Russia, and North Korea, Allied’s projects represent a strategic step toward establishing a Western-aligned supply source for this essential resource.

Boughton Law’s Securities Group acts as Canadian legal counsel for Allied Critical Metals following its listing on the CSE.

Watch the CSE market opening here.

For more information about Boughton Law’s securities and capital markets practice, please contact a member of our Securities Group.