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Allied Critical Metals Inc. reports exploration, technical and corporate developments for its tungsten portfolio in northern Portugal. The Canadian-based mining company is focused on the 100%-owned, past-producing Borralha Tungsten Project and Vila Verde Tungsten Project, with tungsten identified in its releases as a critical metal by the United States, the European Union and NATO.
Recurring updates include Borralha technical reports and preliminary economic assessment disclosures, drilling results from breccia-hosted targets such as Venise and Santa Helena, mineralization observations involving wolframite, molybdenite and chalcopyrite, and project infrastructure discussion. Company news also covers stakeholder engagement through the Social Monitoring and Advisory Committee, equity incentive grants, governance matters and other capital-markets disclosures.
Allied Critical Metals (ACMIF) reported new 2026 infill drilling results from the Santa Helena Breccia at its Borralha tungsten project, including 15.8 metres at 0.36% WO₃ and 25.6 metres at 0.25% WO₃.
Four additional holes (Bo_14/26, Bo_16/26, Bo_18/26, Bo_19/26) intersected broad tungsten mineralization with internal higher-grade zones that are generally consistent with the current Mineral Resource model and the bulk underground mining concept used in the Borralha PEA. The drilling is designed to support resource conversion, mine planning, and geotechnical and metallurgical studies as the project advances from PEA toward feasibility-level work.
The company is also drilling the nearby Venise Breccia, a newly discovered breccia system about 400 metres northwest, and is progressing toward closing the US$15 million second tranche of a US$25 million non-brokered private placement at US$2.05 per share.
Allied Critical Metals (CSE: ACM, OTCQB: ACMIF, FSE: 0VJ0) has applied to list its common shares on the Nasdaq Capital Market. The company expects that a Nasdaq listing could broaden its investor base, improve access to potential capital, increase U.S. research coverage and enhance trading liquidity as it advances the Borralha and Vila Verde tungsten projects in Portugal.
The proposed listing remains conditional on meeting Nasdaq listing requirements, obtaining required regulatory approvals and completing customary processes, and there is no assurance of approval. Allied is also progressing toward closing a US$15 million non-brokered private placement of common shares at $2.05 per share with an existing and a new strategic investor, with the existing investor reconfirming its intention to backstop the contemplated investment by the new investor.
Allied Critical Metals (CSE: ACM, OTCQB: ACMIF) reported progress toward closing the U.S.$15 million second tranche of its previously announced U.S.$25 million non-brokered private placement of common shares at $2.05 per share. The tranche involves an existing strategic investor and a new strategic investor.
The existing strategic investor has indicated it will backstop the new investor’s contemplated participation. According to Allied, both investors have completed significant due diligence. Management states the company is financed to complete a 20,000 metre drilling campaign at the Borralha Tungsten Project and has ordered long-lead items for the Vila Verde Pilot Plant. The second tranche is part of a broader financing package including U.S.$25 million in equity and a U.S.$15 million project financing facility aimed at advancing its Portuguese tungsten projects.
Allied Critical Metals (OTCQB: ACMIF) reported first 2026 drill results from the Santa Helena Breccia at its Borralha Tungsten Project in Portugal. Key intercepts from hole Bo_13/26 include 23.8 metres grading 0.68% WO₃ from 24.0 m (estimated true width), with 4.0 metres at 2.96% WO₃ from 44.0 m, within a broader 57.6-metre interval at 0.30% WO₃ and an overall 81.5-metre interval at 0.22% WO₃.
The company is executing a fully funded 20,000-metre drilling campaign with six rigs operating and a seventh incoming, focused on resource conversion and technical data at Santa Helena and district-scale exploration at the nearby Venise Breccia. The Venise breccia system is not yet part of the current resource, mine plan or PEA. According to Allied Critical Metals, the Borralha PEA is preliminary, contains inferred resources, and does not establish economic viability. The company also granted 1,675,000 stock options at $2.01 and 4,635,000 RSUs, all subject to a four-month hold period.
Allied Critical Metals (OTCQB: ACMIF) reported first assays from the newly confirmed Venise Breccia at its 100%-owned Borralha tungsten project in Portugal.
Discovery hole Bo_BV_01b returned 13.0 m of 1.00% WO3 including 3.0 m of 4.15% WO3, plus additional tungsten and molybdenum intervals.
Venise lies ~400 m northwest of the Santa Helena Breccia, the sole deposit in the current PEA and 11-year mine plan, and is not yet included in any resource or economic study.
Allied is advancing a fully funded 20,000-metre drilling program with six active rigs (seventh pending), targeting resource expansion at Santa Helena, definition of the Venise Breccia system, and broader critical metals opportunities, including initial gallium enrichment observations.
Allied Critical Metals (OTCQB: ACMIF) received conditional approval to list its common shares on the TSX Venture Exchange as a Tier 1 Mining Issuer under symbol “ACM”.
Final approval depends on customary conditions. The company plans to voluntarily delist from the Canadian Securities Exchange once TSX-V trading begins.
Allied Critical Metals (OTCQB:ACMIF) issued a corporate and operational update for its Borralha and Vila Verde tungsten projects in Portugal.
The company arranged a U.S.$40M financing and off-take package, reports over $45M in available liquidity, advanced drilling and pilot plant plans, and outlined multiple listing initiatives.
Allied Critical Metals (OTCQB: ACMIF) closed the first tranche of a non-brokered private placement for US$10 million and confirmed a US$15 million project financing facility to fund construction and expenses of its Vila Verde Pilot Plant. The Company issued 6,677,073 shares at $2.05 per share and paid a finder fee including a 5% cash commission plus broker warrants. Allied says the Pilot Plant first phase is expected to be completed in Q4 2026 and that the financing positions the company to be funded into the end of 2027. The remaining US$15 million of the offering is targeted to close by July 17, 2026 subject to due diligence and CSE approval.
Allied Critical Metals (OTCQB: ACMIF) says Minerália, as registered title holder, has established the Social Monitoring and Advisory Committee of the Borralha Mine Project to coordinate stakeholder engagement, monitor social, environmental and economic impacts, and meet Environmental Impact Declaration (DIA) commitments.
The Committee includes municipal, parish, community, farmer, common-land, volunteer fire brigade, and academic representatives and was formed with unanimous participation.
Allied Critical Metals (OTCQB: ACMIF) has applied to list its common shares on the TSX Venture Exchange as a Tier 1 mining issuer and granted equity awards to management and staff.
The listing application is subject to TSX-V review and listing requirements. The company granted 2,500,000 stock options at $2.32 exercise price (five-year term) and 1,000,000 restricted share units, all vesting immediately and subject to a four-month hold period under CSE policies and applicable securities laws.