Northwire Canada EditionSunday, August 16, 2026
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Financings

American Critical Minerals Announces $4.0 Million Bought Deal Offering and Concurrent $2.0 Million Non-Brokered Private Placement

KCLI · Price

Executive Summary

  • American Critical Minerals Corp. entered into a bought‑deal underwriting agreement with Research Capital Corporation for 11,429,000 units at $0.35 per unit, targeting gross proceeds of $4,000,150.
  • The company simultaneously announced a non‑brokered private placement of up to 5,714,286 units at the same price, potentially raising an additional $2,000,000.
  • Combined, the transactions are expected to generate up to $6 million in gross proceeds for working capital and general corporate purposes.

Key Details

  • Underwritten Offering
  • Underwriter: Research Capital Corporation (sole underwriter & bookrunner)
  • Units offered: 11,429,000
  • Price per unit: $0.35
  • Gross proceeds: $4,000,150
  • Unit composition: 1 common share + ½ warrant (each whole warrant allows purchase of one common share at $0.45)
  • Warrants exercisable after 60 days post‑closing; term 36 months.
  • Underwriter’s cash commission: 7.0% of gross proceeds.
  • Broker warrants: equal to 7.0% of units sold, exercisable at the offering price for 36 months.

  • Concurrent Non‑Brokered Private Placement

  • Units offered: up to 5,714,286
  • Price per unit: $0.35
  • Maximum gross proceeds: $2,000,000

  • Overall Financing Structure

  • Total potential gross proceeds: up to $6,000,150 (rounded to $6 million).
  • Use of proceeds: working capital and general corporate purposes.

  • Underwriters’ Option

  • Ability to increase the offering by up to an additional 15% of the base units (≈1,714,350 units) exercisable up to 48 hours before closing.

  • Closing Timeline

  • Expected closing week: around October 27, 2025, subject to regulatory approvals including conditional approval from the Canadian Securities Exchange.

  • Regulatory & Offering Framework

  • Offered under the listed issuer financing exemption (NI 45‑106) in all Canadian provinces except Quebec and other qualifying jurisdictions, including the United States.
  • Units will be “free‑trading” immediately upon issuance.

Notable Quotes

  • “The net proceeds from the Offering of the Units will be used for working capital and general corporate purposes.” – Simon Clarke, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the company’s filings.

Read the original news release →

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