Allied Critical Metals Initiates Allied USA for increased Tungsten imports and distribution, lists on OTCQB, and gains DTC eligibility
Allied Critical Metals Inc., a Canadian-based mining company, has made a significant move by listing its subsidiary, Allied Critical Metals (USA), Inc., on the OTCQB market. This strategic decision will see the company directly serving the U.S. market, improving supply chain efficiency and product quality in response to rising domestic demand for critical minerals, particularly tungsten.
Based in Nashville, Tennessee, Allied USA is focused on the importation, marketing, and distribution of premium tungsten products to key sectors such as defense, aerospace, electronics, energy, and advanced manufacturing. This move is crucial in supporting U.S. national security needs and high-performance technology sectors.
Allied Critical Metals' common shares are now trading in the United States under the symbol "ACMIF". The company's common shares are also eligible for electronic clearing and settlement through The Depository Trust Company ("DTC") in the United States, a move that simplifies the process of trading and enhances liquidity for U.S. investors.
The formation of Allied USA represents a pivotal step in Allied Critical Metals' growth strategy. By expanding its U.S. presence, the company aims to establish more direct customer relationships and ensure timely delivery of tungsten products across the country. This expansion supports the company’s positioning in the critical minerals sector.
Allied USA plays a significant role in the tungsten market, which is estimated to be valued at approximately USD $5 to $6 billion. It's worth noting that China, Russia, and North Korea account for approximately 86% of the total global supply and reserves of tungsten. Tungsten is essential to the development of high-performance technologies and national security applications, making Allied USA's focus on this mineral even more strategic.
In addition to these developments, Allied Critical Metals has appointed Canaccord Genuity Corp. as a financial advisor. The company has also issued 1.2 million shares for advisory services as part of its growth efforts. However, it's important to note that the securities of the company have not been 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.
Prospective investors should not place undue reliance on any forward-looking statements, as they involve significant known and unknown risks, uncertainties, and assumptions. The news release contains forward-looking statements, including with respect to the use of proceeds for exploration and development of the company's mineral projects.
Allied Critical Metals Inc. remains committed to the expansion and revitalization of its 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, underscoring the strategic importance of Allied Critical Metals' focus on this mineral.
[1] Allied Critical Metals Inc. Press Release, [Date] [2] MarketWatch, "Allied Critical Metals Inc. Announces Listing on OTCQB Venture Market," [Date] [3] GlobeNewswire, "Allied Critical Metals Inc. Announces Listing on OTCQB Venture Market," [Date] [4] BusinessWire, "Allied Critical Metals Inc. Announces Listing on OTCQB Venture Market," [Date] [5] Yahoo Finance, "Allied Critical Metals Inc. Announces Listing on OTCQB Venture Market," [Date]
- Allied Critical Metals Inc., a company focusing on critical metals, has listed its subsidiary, Allied Critical Metals (USA), Inc., on the OTCQB market to better serve the U.S. market and improve supply chain efficiency for tungsten, a critical mineral.
- The move allows Allied USA to import, market, and distribute premium tungsten products to various industries, including defense, aerospace, electronics, energy, and advanced manufacturing, supporting national security and high-performance technology sectors.
- Allied Critical Metals' common shares are now trading in the United States under the symbol "ACMIF" and are eligible for electronic clearing and settlement through The Depository Trust Company ("DTC"), simplifying trading and enhancing liquidity for U.S. investors.
- By expanding its U.S. presence, Allied Critical Metals aims to establish direct customer relationships, ensure timely delivery of tungsten products, and assert its position in the critical minerals sector, which is estimated to be worth approximately USD $5 to $6 billion.
