On April 17, 2025, Allied Gold Corporation announced a public offering of 15,000,000 common shares at a price of C$5.35 per share, aiming to raise total gross proceeds of C$80.25 million. The offering has not yet closed but is expected to do so on or about April 22, 2025, subject to agreement between the company and the underwriters.

The transaction is being conducted through a syndicate of underwriters led by Canaccord Genuity Corp. and National Bank Financial Inc., who are acting as co-lead underwriters and co-bookrunners. They are joined by CIBC World Markets Inc., Cormark Securities Inc., and Stifel Nicolaus Canada Inc. as underwriters. The underwriters are entitled to a 4% commission, equivalent to approximately C$3.21 million. After deducting this and estimated offering expenses of C$1 million, net proceeds are anticipated to be about C$76.04 million. If the full over-allotment option of 2,250,000 additional shares is exercised, gross proceeds may rise to C$92.29 million and net proceeds to C$87.60 million.

The proceeds will be allocated to various growth initiatives, including mine optimization at Sadiola in Mali, exploration in Côte d’Ivoire, and development at the Kurmuk project in Ethiopia. Legal counsel for Allied Gold is provided by Cassels Brock & Blackwell LLP, while Blake, Cassels & Graydon LLP represents the underwriter