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) secured European Union Strategic Project designation for its wholly owned Borralha tungsten project in northern Portugal. Borralha is the only Portuguese project and only tungsten extraction project in the European Commission's latest selection of 46 projects under the Critical Raw Materials Act.
The designation provides access to coordinated permitting support and assistance identifying potential public and private financing. Extraction permitting generally has a 27-month maximum, subject to conditions and exclusions, including preparation of the environmental impact assessment report. Funding is not guaranteed, and environmental requirements remain applicable. Borralha already has a favourable Environmental Impact Declaration. Its resource estimate, effective November 16, 2025, includes measured, indicated and inferred tungsten resources.
Allied Critical Metals (ACMIF) closed a U.S.$15 million second tranche of its private placement with Tribeca Investment Partners.
The tranche is part of a previously announced U.S.$25 million common-share offering. Allied issued 10,317,073 shares at C$2.05 per share. The company intends to use net proceeds to develop its Vila Verde pilot project, continue exploration and development at the Borralha Tungsten Project, and provide additional working capital.
Allied paid Clarus Securities a cash commission equal to 5% of gross proceeds raised and issued broker warrants equal to 5% of the shares issued in the second tranche. Each warrant permits the purchase of one share at the offering price for 24 months from issuance. The new shares are subject to a four-month-and-one-day hold period.
Allied Critical Metals (ACMIF) has filed and mailed meeting materials and named seven director nominees for its October 22, 2026 shareholder meeting. The meeting is scheduled for 10:00 a.m. Pacific Time in Vancouver.
The proposed slate includes four new nominees: James A. “Spider” Marks, Rick LaBelle, David Danziger and António Salvador. Marks is a director of Allied’s U.S. subsidiary. LaBelle formerly led Atlas Salt and Dumas Mining; Danziger is a senior adviser at MNP; and Salvador formerly led Somincor, operator of Portugal’s Neves-Corvo mine. Current directors Sean O’Neill and Andrew Lee will not stand for re-election and will serve until the meeting concludes. The circular is available on SEDAR+ and Allied’s website.
Allied Critical Metals (ACMIF) reported 2026 infill drill results that reinforce the Santa Helena Breccia tungsten model at the Borralha Project.
Four new holes (Bo_14/26, Bo_16/26, Bo_18/26, Bo_19/26) intersected broad mineralized intervals with internal higher-grade zones, including 15.8 metres at 0.36% WO₃ and 25.6 metres at 0.25% WO₃. These results are described as consistent with the current Mineral Resource model used in the Borralha preliminary economic assessment and will support resource conversion, mine planning, geotechnical work and metallurgical variability studies.
The company is advancing a two-track strategy: de-risking the Santa Helena Breccia toward feasibility-level studies and exploring the newly discovered Venise Breccia, about 400 metres northwest, as a potential second mineralized system.
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.