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Allied Critical Metals raises $16.25M to boost tungsten projects in Portugal amid global supply concerns.
Allied Critical Metals Inc. has increased its non-brokered private placement to raise up to $16.25 million by issuing 27,083,333 shares at $0.60 each, citing strong investor demand.
The offering, exempt under Canadian securities rules, will fund exploration and development of its tungsten projects in Portugal and general working capital.
Proceeds will support growth in the critical minerals sector, with the transaction pending CSE approval and expected to close around October 21, 2025.
The company, listed on the CSE, OTCQB, and Frankfurt exchanges, noted that tungsten is vital to defense, energy, and electronics industries, with supply concentrated in China, Russia, and North Korea.
Allied Critical Metals recauda 16.25 millones de dólares para impulsar proyectos de tungsteno en Portugal en medio de preocupaciones por el suministro global.