Allied Critical Metals Launches 20,000 Meter 2026 Drill Program at its Borralha Tungsten Project in Northern Portugal
Rhea-AI Summary
Allied Critical Metals (OTCQB: ACMIF) launched a fully funded 20,000 meter 2026 core and RC drilling program at its 100%-owned Borralha tungsten project in northern Portugal to follow up 2025 results and expand the Mineral Resource Estimate (MRE). Drilling will target step-out and infill holes at the Santa Helena Breccia, test the Venise Breccia north of Santa Helena, collect metallurgical samples, and generate data to support a Preliminary Economic Assessment (PEA) targeted for Q1 2026. The company said key regulatory milestones have been received to advance detailed engineering and permitting while results and updated resource modelling will be released during 2026.
Positive
- 20,000 meters planned for 2026 drill campaign
- Fully funded program to support exploration and studies
- Targets to support a PEA targeted for Q1 2026
- 100% ownership of the Borralha tungsten project
Negative
- None.
News Market Reaction
On the day this news was published, ACMIF declined 2.65%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company") is pleased to announce the launch of an extensive 20,000 meter drilling campaign at its
The 2026 program will comprise approximately 20,000 meters of core and reverse circulation drilling across multiple target zones within the Borralha property. Drilling will focus on:
Step-out and infill drilling to expand and upgrade the current Mineral Resource Estimate ("MRE"), which was materially increased in late 2025;
Testing extensions of the Santa Helena Breccia and other prospective ore zones identified from recent campaigns;
Collecting material for advanced metallurgical test work to support prefeasibility and economic modelling;
Generating data to complement Allied's anticipated Preliminary Economic Assessment ("PEA") targeted for completion in Q1 2026; and
Targeting intersect of the Venise Breccia located north of Santa Helena Breccia, a historically recognized high-grade structure known for wolframite and molybdenum mineralization.
"We are excited to launch our most ambitious drill program to date at Borralha. The results from our 2025 campaign, including some of the largest tungsten intercepts ever recorded (see September 4 & November 5 news releases) and a significantly expanded resource base, have validated our geological model and highlighted the scale of this system. The drilling campaign will also target a second breccia complex - the Venise Breccia - at Borralha. We will be eagerly awaiting the results of drilling at this second breccia complex," commented Roy Bonnell, CEO & Director of Allied. "With tungsten designated a strategic critical material in the European Union and the United States, this expanded 20,000 meter program will be a cornerstone of our efforts to define Borralha's resource potential and support advancing the project toward economic evaluation."
Borralha remains one of the most compelling untapped tungsten assets in Western Europe, with recent work confirming both bulk mineralization and higher-grade corridors amenable to future underground extraction. Tungsten's classification as a critical raw material under EU and U.S. strategic initiatives further underscores the importance of advancing Borralha's development.
The Company has already received key regulatory milestones allowing advancement of the Borralha Project through detailed engineering and permitting phases and anticipates continued progress alongside the 2026 drill campaign.
Program Details & Objectives
Program Size: ~20,000 meters of core and reverse circulation drilling.
Primary Targets: Resource growth at the Santa Helena Breccia and conversion of Inferred resources to higher confidence categories, and targeted exploration of additional high-grade structures, including the Venise Breccia located north of Santa Helena Breccia.
Planned Outcomes: Expansion of the MRE, metallurgical data acquisition, and support for the Company's PEA (expected in Q1 2026) and future feasibility work.
Further updates, including results from initial drill holes and revised resource modelling, will be released as data becomes available throughout the 2026 drill program.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Mr. Vítor Arezes, BSc, MIMMM (QMR), Vice-President Exploration of Allied Critical Metals, who is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Arezes is not independent of Allied Critical Metals as he is an officer of the Company.
About the Borralha Tungsten Project
Borralha is an advanced-stage brownfield tungsten project with a compelling resource base and historical production record. The property benefits from favorable metallurgy, existing infrastructure, and a strategic location within the European Union - a jurisdiction actively seeking to diversify critical raw material supply chains. Tungsten is essential for defense, manufacturing, energy transition technologies, and industrial applications. For further details, please see the Company's current MRE Technical Report, "Technical Report on the Borralha Property, Parish of Salto, District of Vila Real, Portugal", dated effective December 30, 2025 (the "Technical Report") which is publicly available under the Company's profile on SEDAR+ at www.sedarplus.ca.
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
ON BEHALF OF THE BOARD OF DIRECTORS
"Roy Bonnell"
Roy Bonnell
CEO and Director
For further information or investor relations inquiries, please contact:
Dave Burwell
Vice President, Corporate Development
Email: daveb@alliedcritical.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915
Please also visit our website at www.alliedcritical.com.
Also visit us at:
LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc/
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The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
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, including the timing for an industrial scale process plant at Borralha, if at all, and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company's filings with the Canadian securities regulatory authorities (which may be viewed under the Company's profile at www.sedarplus.ca). 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 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 most recently filed management's discussion and analysis, all as filed under its SEDAR+ profile at www.sedarplus.ca 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281543
FAQ
What is Allied Critical Metals (ACMIF) announcing for Borralha in 2026?
When is the Preliminary Economic Assessment (PEA) for Borralha expected?
Which targets will the 2026 Borralha drill program focus on for ACMIF?
Is the 2026 Borralha drilling program funded and who owns the project?
Will Allied release drill results and updated resource models for ACMIF?
