Welcome to our dedicated page for Allied Critical Metals news (Ticker: ACMIF), a resource for investors and traders seeking the latest updates and insights on Allied Critical Metals stock.
News and updates for Allied Critical Metals Inc. (OTCQB: ACMIF) focus on the company’s tungsten exploration and development activities in northern Portugal. Allied regularly reports results from drilling campaigns at its 100% owned past-producing Borralha Tungsten Project and the Vila Verde Tungsten Project, along with milestones in resource estimation, permitting and financing.
Recent news releases highlight extensive reverse circulation and diamond drilling at the Santa Helena Breccia zone within Borralha, including long mineralized intervals and localized ultra high-grade tungsten intercepts. The company has announced updated mineral resource estimates prepared under NI 43-101, metallurgical test work on wolframite mineralization, and progress toward economic studies such as a Preliminary Economic Assessment for a potential underground operation.
Regulatory and strategic developments are also a recurring theme in ACMIF news. Allied has reported a Favourable Environmental Impact Declaration from the Portuguese Environment Agency for Borralha, allowing the project to advance to further licensing stages, and a Letter of Recognition from idD Portugal Defence endorsing Borralha as a strategic initiative of national importance with direct impact on defense supply chains. Financing announcements, including private placement offerings intended to fund exploration and development at Borralha and Vila Verde, appear in the company’s news flow as well.
Investors following ACMIF news can expect coverage of drill results, mineral resource updates, environmental and permitting steps, strategic recognition by public entities, and capital-raising activities related to the company’s tungsten projects in northern Portugal.
Allied Critical Metals (OTCQB:ACMIF) has appointed former U.S. Secretary of Homeland Security Kirstjen Nielsen as a Director of its U.S. subsidiary, Allied Critical Metals USA. The appointment strengthens the company's position in securing domestic tungsten supply chains, a critical mineral essential for aerospace, defense, electronics, and energy applications.
Nielsen, who served as DHS Secretary from 2017 to 2019, brings extensive experience in homeland security, public policy, and critical infrastructure. She will provide strategic counsel to Allied USA, which focuses on tungsten importation, marketing, and distribution across key U.S. sectors. The company aims to reduce dependence on non-aligned sources while supporting U.S. and allied interests in the critical minerals sector.
Allied Critical Metals (OTCQB: ACMIF) has appointed Major General (Ret.) James A. "Spider" Marks to the Board of Directors of its U.S. subsidiary, Allied Critical Metals USA. The subsidiary focuses on tungsten importation, marketing, and sales in the United States.
General Marks brings over 40 years of leadership experience across military, intelligence, and commercial sectors. He is the former Commanding General of the U.S. Army Intelligence Center and has held executive roles including CEO positions at Global Linguist Solutions and InVisM. Currently, he serves as President of the Marks Collaborative and contributes as a military analyst for CNN.
The appointment aims to strengthen Allied USA's position in the American tungsten market, leveraging General Marks' expertise in defense systems and national security to enhance the company's strategic direction in supplying this critical mineral essential for aerospace, defense, and electronics industries.
Allied Critical Metals (OTCQB: ACMIF) has announced three significant developments: the establishment of Allied USA, a new U.S. subsidiary in Nashville, Tennessee; listing on the OTCQB market; and receiving DTC eligibility. The subsidiary will focus on importing, marketing, and distributing tungsten products across key sectors including defense, aerospace, electronics, energy, and advanced manufacturing.
The company's strategic expansion comes amid increasing U.S. demand for critical minerals, particularly tungsten, which is essential for high-performance technologies and national security applications. Additionally, Allied has engaged Canaccord Genuity Corp. as a financial advisor, issuing 1.2 million common shares at $0.25 per share as compensation.