12:34 PM EDT, 07/18/2025 (MT Newswires) -- Algoma Steel Group ( ASTL ) filed a registration statement on Friday for the sale of securities from time to time.

The securities cover common and preferred shares, debt securities, units, warrants, and subscription receipts. The company said it filed the prospectus to maintain financial flexibility, with no present intention to conduct a capital raise in the near future.

The company also registered up to 24.2 million common shares and 160,254 private warrants for resale by existing investors.

Algoma will not receive any proceeds from the sale of shares by investors. However, it could receive up to $278 million from the exercise of warrants.

The company plans to use the proceeds for general corporate purposes.

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