Allied Critical Metals Completes Reverse Take-Over of Deeprock Minerals Inc.
On April 24, 2025, Allied Critical Metals Corp. (“ACM”)
announced the completion of its reverse takeover of Deeprock Minerals Inc.
Headquartered in Vancouver, British Columbia, ACM is engaged in the
acquisition, exploration and development of mineral resource properties in
Canada and Portugal. ACM owns, through its wholly owned Portuguese
subsidiaries, ACM Tungsten Unipessoal Lda. and Pan Metals Unipessoal Lda., 100%
of two Portuguese tungsten projects: the Borralha Tungsten Project and the Vila
Verde Tungsten Project.
The transaction was completed by way of a plan of
arrangement that included a three-cornered amalgamation pursuant to which,
among other things, the name of the resulting issuer was changed to “Allied
Critical Metals Inc.”
In connection with the transaction, on March 25, 2025,
ACM completed a brokered private placement of subscription receipts at a price
of $0.20 per subscription receipt, pursuant to which ACM issued an aggregate of
22,890,680 subscription receipts for aggregate gross proceeds of approximately
$4.6 million.
Aird & Berlis represented ACM with a team that included Jeffrey Merk, Marek Lorenc, Ryan Cohen and Nadia Narain (Capital Markets).
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With extensive experience in a broad range of corporate finance and commercial matters, Jeffrey offers clients a practical and business-minded approac...
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Marek is a creative, pragmatic, and business-focused lawyer.
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Ryan’s background in business gives him valuable insight and practical experience when representing clients on capital markets and securities ma...
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Nadia builds long-lasting relationships with clients by providing practical, tailored advice.
