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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 (OTCQB: ACMIF) announced a U.S.$40 million financing package: U.S.$25 million equity offering and U.S.$15 million project financing to fast‑track the Vila Verde Pilot Plant.
The company says it is fully funded to reach initial production targeting Q4 2026, and secured an off‑take for 50% of pilot production with a 2026 floor price of U.S.$1,000/mtu.
Allied Critical Metals (OTCQB: ACMIF) filed a new technical report titled "Preliminary Economic Assessment – Borralha Tungsten Project" with an effective date of April 14, 2026. The report supports the PEA results for Allied’s 100% owned Borralha Tungsten Project in northern Portugal.
The Technical Report is publicly available on SEDAR+ under Allied’s company profile.
Allied Critical Metals (OTCQB: ACMIF) reported drilling has intersected over 200 metres of breccia-hosted tungsten mineralization at the newly defined Venise Breccia target within its 100%-owned Borralha Tungsten Project in Portugal. Visible wolframite, molybdenite and chalcopyrite were observed; true widths and assays are pending.
The Venise target lies ~400 metres from the Santa Helena Breccia that underpins the company's initial PEA; the result supports a fully funded 20,000-metre drill program aimed at resource growth and mine-life extension.
Allied Critical Metals (OTCQB: ACMIF) amended and clarified its Borralha PEA metrics (March 10, 2026), restating results using North American decimal nomenclature and corrected tables.
Key metrics: after-tax NPV(8%) CAD $473.4M (USD $346.6M), IRR 48.8% at USD $1,000/mtu WO3, 2.2-year payback from commercial production, initial capital ~USD $91.5M, average annual EBITDA USD $104.1M, 11-year mine plan and 20,000 m drill program underway.
Allied Critical Metals (OTCQB: ACMIF) provided expanded metrics from its Borralha PEA (March 9, 2026), reaffirming after-tax NPV(8%) $473.4M (US$346.6M) and IRR 48.8% at US$1,000/mtu WO3. Initial capital ~US$91M, 2.2-year payback from production start, average annual free cash flow ~US$70.5M, and a fully funded 20,000m drill program targeting resource growth.
Allied Critical Metals (OTCQB: ACMIF) appointed the Honourable Marco Mendicino as a Strategic Advisor on March 4, 2026. Mendicino brings two decades of legal, government and public policy leadership, including service as federal Cabinet minister and senior counsel at Cassels, Brock & Blackwell.
The company noted Mendicino will advise on development of its tungsten assets in Portugal and stakeholder engagement with NATO allies and local partners.
Allied Critical Metals (OTCQB: ACMIF) released an initial PEA for the 100%‑owned Borralha tungsten project in Portugal showing robust economics and expansion potential.
Highlights include an after‑tax NPV(8%) of $473.4M and IRR of 48.8% at USD $1,000/mtu WO3, initial capital ~CAD $124.2M (USD $91M), an 11‑year mine plan and a fully funded 20,000‑metre drill program underway.
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.
Allied Critical Metals (OTCQB: ACMIF) received a Favourable Environmental Impact Declaration (DIA) from the Portuguese Environment Agency for its 100% owned Borralha Tungsten Project in Montalegre, Portugal, subject to standard regulatory conditions. The DIA allows advancement to the Project of Execution and RECAPE stages and subsequent licensing, and the company targets an industrial-scale processing plant expected to be completed and in production by end of 2027. The project is aligned with the EU Critical Raw Materials Act, targets underground mining with closed-loop water management and dry-stacked tailings, and aims to contribute to regional employment and supply diversification for tungsten in Europe.
Allied Critical Metals (OTCQB: ACMIF) announced an updated Mineral Resource Estimate at the Borralha Tungsten Project (effective 16 Nov 2025) focused on the Santa Helena Breccia.
The MRE reports 13.0 Mt Measured & Indicated at 0.21% WO3 (27,062 t contained WO3) and 7.7 Mt Inferred at 0.18% WO3 using a 0.09% WO3 cut-off. The update incorporates 4,210 m of 2025 RC drilling, density updates, revised grade shell and improved geostatistics, and supports a targeted PEA in Q1 2026. Metallurgical work shows gravity-dominant recoveries ~75–85% with potential Cu-Sn-Ag by-product upside. A NI 43-101 technical report will be filed on SEDAR+ within 45 days.