Allied Critical Metals Announces Closing of First Tranche of Strategic Financing

Vancouver, British Columbia--(Newsfile Corp. - May 4, 2026) - Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company") is pleased to announce that it has closed the first tranche (the "First Tranche") of its previously announced non-brokered private placement offering of common shares (the "Offering") with an existing strategic investor (the "Existing Strategic Investor") for gross proceeds of U.S.$10 million. In addition, Allied confirms that the previously announced project financing facility (the "Facility") in the aggregate principal amount of U.S.$15 million, provided by the Existing Strategic Investor to finance the construction and expenses of the Pilot Plant, is in place and available to be drawn at any time by the Company in accordance with its terms.