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) 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.
Allied Critical Metals (OTCQB: ACMIF) reported new 2025 RC drill results at the Borralha tungsten project in Portugal, confirming and expanding an ultra high-grade zone. Key intercepts include 18.0 m @ 0.85% WO3 (incl. 4.0 m @ 3.72% WO3) from 270.0 m, plus additional high-grade lenses in Bo_RC_20/25 and Bo_RC_29/25. The results validate the Santa Helena Breccia continuity, support a forthcoming updated MRE (Q4 2025) and a PEA (Q1 2026), and follow a Phase 1 RC program now complete at 4,210 m. Tungsten price strength noted at ~USD $700/MTU APT, up ~70% over six months.
Allied Critical Metals (OTCQB: ACMIF) reported new 2025 RC drill results at the Borralha Tungsten Project (Portugal) that extend and thicken the Santa Helena Breccia (SHB) system.
Key intercepts include 46.0 m @ 0.22% WO3 (including 22.0 m @ 0.35% WO3 and 6.0 m @ 1.02% WO3) in Bo_RC_27/25, and 8.0 m @ 0.68% WO3 in Bo_RC_28/25. The campaign has completed 4,210 m of a planned 5,625 m Phase 1 program. Results will feed an updated Mineral Resource Estimate and Preliminary Economic Assessment targeted for Q1 2026.
Allied Critical Metals (OTCQB: ACMIF) announced on October 29, 2025 that idD Portugal Defence has endorsed the company's Borralha Tungsten Project as a strategic initiative of national importance.
The company said it received a formal Letter of Recognition that places Borralha on the radar of Portugal's Ministries of Defence and Economy, provides an expedited pathway for governmental support and funding mechanisms, and strengthens opportunities for partnerships with European defence contractors and OEMs. Allied described Borralha and Vila Verde as central to its Strategic Tungsten Supply Initiative and said the project is advancing through the Environmental Impact Assessment process.
Allied Critical Metals (OTCQB: ACMIF) announced new RC drill results at the 100% owned Borralha tungsten project in northern Portugal on October 22, 2025. Key intercepts include 10.0 m @ 1.11% WO3 from 100.0 m (including 6.0 m @ 1.78% WO3) and 90.0 m @ 0.24% WO3 from 60.0 m in hole Bo_RC_16. Holes Bo_RC_18 and Bo_RC_19 returned additional mineralization above current MRE expectations, strengthening continuity between high-grade domains. The company has completed 4,210 m of a 5,625 m Phase 1 campaign; an updated NI 43-101 MRE is expected in Q4 2025 and results will feed an upcoming PEA.
Allied Critical Metals (OTCQB: ACMIF) upsized a non-brokered private placement to raise up to $16.25 million by issuing up to 27,083,333 common shares at $0.60 per share under the Listed Issuer Financing Exemption (NI 45-106).
Proceeds are intended for ongoing exploration and development of the Borralha and Vila Verde tungsten projects and for working capital. The offering may include finders’ fees: up to 7% cash and up to 7% finders warrants exercisable at $0.60 for 24 months. Closing is expected on or about October 21, 2025, subject to CSE approval.
Allied Critical Metals (OTCQB: ACMIF) has reported significant drilling results from its Borralha Tungsten Project in Portugal, highlighting continued expansion of high-grade mineralization. Key intercepts include 42.0m at 0.19% WO3 from hole Bo_RC_21 and 26.0m at 0.24% WO3 from Bo_RC_26, with notable high-grade sections including 2.0m at 2.02% WO3.
The company has completed 3,721 metres of its planned 5,728-metre RC drilling campaign, designed to expand the Mineral Resource Estimate (MRE) expected in Q4 2025 and support a Preliminary Economic Assessment (PEA). The results demonstrate both lateral expansion and model refinement at the Santa Helena Breccia, with step-out drilling confirming mineralization beyond the current model.