Banco Montepio Sees Deposits, Loans Growing in Next Three Years
Portugal's oldest bank sees deposits and credit growing about €4 billion ($4.6 billion) in total in the next three years, Chief Executive Officer Pedro Leitao said in an interview in Lisbon. Demand remains strong in sectors including tourism and housing, he said.
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Yahoo
3 hours ago
- Yahoo
Allied Critical Metals Launches Allied USA to Expand Tungsten Import and Distribution Operations, Lists on OTCQB, and Receives DTC Eligibility
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company"), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce its listing on the OTCQB and the formation of its wholly owned U.S. subsidiary, Allied Critical Metals (USA), Inc. ("Allied USA"), headquartered in Nashville, Tennessee. This strategic expansion marks a key milestone in ACM's North American growth strategy and underscores its commitment to securing and supplying critical minerals to key U.S. industries. United States Subsidiary Allied USA will focus on the importation, marketing, and distribution of premium tungsten products across a range of sectors, including defense, aerospace, electronics, energy, and advanced manufacturing. Recognized for its exceptional hardness, density, and heat resistance, tungsten is essential to the development of high-performance technologies and national security applications. "We are proud to establish a dedicated U.S. subsidiary as we scale operations to meet rising domestic demand for strategic materials," said Roy Bonnell, CEO of Allied Critical Metals. "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." The launch of Allied USA comes amid increasing interest in diversifying and securing domestic sources of critical minerals. With a focus on reliability, responsiveness, and technical excellence, Allied USA is positioned to become a trusted tungsten partner for U.S. manufacturers and government contractors. Led by a team with deep industry expertise and strong market insight, Allied USA will prioritize building lasting customer relationships and ensuring the timely delivery of high-performance tungsten products across the country. OTCQB Listing Allied Critical Metals' common shares are now trading in the United States on the OTCQB under the symbol "ACMIF". Roy Bonnell, CEO & Director commented, "Given the urgency to secure western sources of Tungsten and other critical metals, by the United States, securing an OTCQB listing was a priority for Allied. We expect U.S. investors will be a big part of the Company's success as we move forward." To qualify for the OTCQB, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosures, and have a professional third-party sponsor introduction. OTCQB companies are distinguished by the integrity of their operations and the diligence with which they convey their qualifications. U.S. investors can find current financial disclosures and real-time Level 2 quotes for the Company on DTC Eligibility The Company is also pleased to announce that its common shares are now eligible for electronic clearing and settlement through The Depository Trust Company ("DTC") in the United States. DTC eligibility simplifies the process of trading and enhances liquidity for U.S. investors by accelerating settlement times and reducing costs associated with trading shares. DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC) that manages the electronic clearing and settlement of publicly traded companies. This eligibility provides a more streamlined process for investors and positions Allied to benefit from greater accessibility in the U.S. capital markets. In addition, the Company has also entered into a financial advisory agreement dated June 20, 2025 as amended July 24, 2025 with Canaccord Genuity Corp. wherein it will provide financial advisory services in consideration for an advisory fee satisfied by the issuance of 1,200,000 common shares at a previously agreed effective price of $0.25 per share. The shares will be subject to a four month hold pursuant to the policies of the Canadian Securities Exchange and applicable securities laws. About Allied Critical Metals Inc. Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing 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, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy. Please visit our website at Also visit us at: LinkedIn: X: Instagram: ON BEHALF OF THE BOARD OF DIRECTORS Per: "Roy Bonnell" Roy Bonnell Chief Executive Officer and Director Contact Information For further information or investor relations inquiries, please contact:Dave Burwell, Vice President, Corporate DevelopmentTel: 403 410 7907 | Toll Free: 1-888-221-0915 Email: daveb@ The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Company have not been, nor will they be, 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 from the registration requirements of the 1933 Act, as amended, and applicable state securities laws. Cautionary Statement Regarding Forward-Looking Information This news release contains "forward-looking statements", including with respect to the use of proceeds. Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "potential for" and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company's management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company's Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company's profile at ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company's mineral projects as described in the Company's Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law. 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Bloomberg
7 hours ago
- Bloomberg
Iberdrola, Echelon Form JV to Develop Data Centers in Spain
Spanish power giant Iberdrola SA is forming a joint venture with Echelon Data Centres to build and operate data centers in Spain, gaining a foothold in the capital-intensive and energy-hungry sector in its home market. Echelon — backed by US private equity firm Starwood Capital Group LLC — will own 80% of the new company, while Iberdrola's CPD4Green unit will hold the rest, according to an emailed statement Monday. Iberdrola will guarantee a constant supply of electricity to the new facilities and pinpoint land already connected to the power grid where centers can be built. The statement confirmed an earlier Bloomberg report.
New York Times
a day ago
- New York Times
Al Nassr agree €50m deal for Chelsea's Joao Felix
Al Nassr have agreed a deal totaling around €50million (£43.7m; $58.7m) to sign Joao Felix from Chelsea. The Saudi Pro League club will pay a €30m (£26.2m; $35.2m) upfront fee, with a further €20m in add-ons. The Athletic reported on July 22 that Chelsea priced any move for the forward — who was the subject of interest from one large club in Portugal and others from the Saudi Pro League — at €50m. Advertisement Felix spent the last half of the 2024-25 season on loan at AC Milan. The Athletic reported that the Serie A club paid his full wages with a €5.5million loan fee package, with no option to make the move permanent. Chelsea said upon the forward's temporary departure that the loan agreement was in place until June 1, enabling him to feature at the Club World Cup, but the 25-year-old was not included in the Premier League club's 28-man squad for the summer tournament. Felix re-joined Chelsea in August 2024 from Atletico Madrid in a £44.5m ($58m) deal, having previously spent the latter half of 2022-23 on loan at Stamford Bridge from Atletico. The 25-year-old started just three Premier League matches before joining Milan on loan. He said upon his departure he 'would be willing to remain' at Milan beyond the loan agreement, should there be an opportunity to do so. The Portugal international made 21 appearances at Milan, scoring three goals and assisting once as his side were knocked out of the Champions League with play-off defeat to Feyenoord and finished eighth in the Serie A. Felix's Chelsea at contract runs until 2030, with the option of a further year. Chelsea have once again been active in the transfer market this summer, with Jamie Gittens, Joao Pedro, Liam Delap and Estevao among the attacking arrivals at Stamford Bridge. Al Nassr finished third in the Saudi Pro League last season, 13 points off champions Al Ittihad. Additional reporting from Sebastian Stafford-Bloor
