Allied Critical Metals, a Canadian mining company, has established a new subsidiary, Allied USA, which will be based in Nashville, Tennessee.
The new subsidiary will focus on the import, marketing, and distribution of high-quality tungsten products across various sectors, such as defence, aerospace, electronics, energy, and advanced manufacturing. The firm supplies tungsten from two mining projects in northern Portugal.
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The creation of Allied USA comes as a response to the increasing demand for critical minerals in the US. Tungsten has gained particular relevance due to its being an essential component of high-performance technologies and applications related to national security.
Roy Bonnell, CEO of Allied Critical Metals, said, “We are proud to establish a dedicated US subsidiary as we scale operations to meet rising domestic demand for strategic materials. The United States is a cornerstone market for tungsten, and Allied USA will allow us to serve our customers more directly with enhanced supply chain efficiency and superior product quality.”
Allied USA aims to focus on building lasting customer relationships and ensuring the timely delivery of high-performance tungsten products across the country.
Allied Critical Metals’ common shares are currently being traded in the US on the OTCQB platform under the ticker symbol “ACMIF”.
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By GlobalDataThe firm also has DTC eligibility, which will enable electronic clearing and settlement of its shares within the US. This advancement is anticipated to streamline the trading process and improve liquidity by decreasing settlement durations and expenses related to trading shares.
On June 20 2025, Allied Critical Minerals entered into a financial advisory agreement with Canaccord Genuity Corp (which was amended on July 24). The latter’s fee will be paid through the issuance of 1,200,000 common shares at an established price of $0.25 per share. The shares will be subject to a four-month hold, complying with the Canadian Securities Exchange’s policies and relevant security laws.
