02:02 PM EDT, 10/16/2025 (MT Newswires) -- American Critical Minerals ( APCOF ) shares down 8.9% at last look on Thursday after it upsized a bought-deal offering of share unit to $4.7 million, up from its prior $4.0-million target.

The company will now sell underwriters 13.54-million units priced at $0.35 apiece and made up of a share and one half of a three-year warrant to buy a share for $0.45. It also granted the underwriter a 15% over-allotment option

The company said it is also conducting a concurrent non-brokered private placement of up to 5.7-million units at $0.35 apiece for up to $2 million. It added that the non-brokered private placement has been fully allocated.

With the offering and the non-brokered private placement, the company expects to raise $6.7 million, excluding the underwriter's option.

Proceeds will be used to launch an initial drill program targeting potash, lithium and bromine at its Green River Project and for working capital and general corporate needs.

Shares of the company were last seen down $0.04 to $0.41 on the Canadian Securities Exchange.

Price: 0.41, Change: -0.04, Percent Change: -8.89