Allied Critical Metals Inc. · CSE:ACM
Allied Critical Metals — Investor Presentation (2026)
23 slides from Allied Critical Metals's investor presentation, 2026
Slide 1: Near-Term, Low-Cost Portuguese Production of Tungsten
ALLIEDCRITICAL.COM Q3 2026 NEAR-TERM, LOW-COST PORTUGUESE PRODUCTION OF TUNGSTEN - A RARE & HIGHLY STRATEGIC CRITICAL MINERAL CSE: ACM | OTCQB: ACMIF | FSE: 0VJ0
Slide 2: Disclaimer Forward Looking Statements
DISCLAIMER FORWARD LOOKING STATEMENTS This presentation of Allied Critical Metals Inc. (“ACM” or the “Company”) contains “forward-looking information”. Forward-looking information The scientific and technical information in this presentation has been reviewed and approved by Mr. Vítor Arezes, BSc, M
Slide 3: Tungsten: Critical Mineral & Military Metal
TUNGSTEN: CRITICAL MINERAL & MILITARY METAL Tungsten (W) is a critical mineral with unique characteristics that make it highly valuable and difficult to replace. It is one of the hardest, heaviest, and densest metal, possessing the highest melting and boiling points, which makes it an essential comp
Slide 4: Tungsten: Massive Urgency to Secure Supply
TUNGSTEN: MASSIVE URGENCY TO SECURE SUPPLY U.S. TUNGSTEN POLICY EUROPEAN UNION (EU) • The U.S. has not produced tungsten domestically • Renewed anti-dumping duties on tungsten since 2015 carbide imports from China for another five years • Policymakers in Washington, D.C., are working to • The decisi
Slide 5: Tungsten Market: Demand, Supply & Pricing
TUNGSTEN MARKET: DEMAND, SUPPLY & PRICING ESTIMATED GLOBAL MARKET SIZE • The global tungsten market is projected to reach US$11 billion by 2030, growing from US$5.55 billion in 2025 at a CAGR of 8%, continuing a growth trend observed over the past 100 years (1) • Global demand remains strong, driven
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS Focused on two historical Tungsten mining projects – 1) Borralha and 2) Vila Verde. Both located in mining-friendly northern Portugal. Well positioned for further discoveries & near-term production. Tungsten (W) is a rare critical mineral & strategic military metal Tungsten cur
Slide 7: Borralha Initial PEA – Robust Economics
BORRALHA INITIAL PEA – ROBUST ECONOMICS High-Return, Capital-Efficient EU Tungsten Development Project • Initial PEA Announced (March 2026): Strong initial economics from the Santa Helena Breccia deposit. Mineralization remains open along strike at depth • Resource Growth Just Beginning: Fully funde
Slide 8: Borralha: Tungsten Project
BORRALHA: TUNGSTEN PROJECT RESOURCE TECHNICAL REPORT Brownfield project with past production and past production at northern side of the Borralha property from 1904-1985 of over 10,280 tonnes wolframite concentrate with an average grade of 66% WO3. Old Borralha tungsten underground vein mine The Bor
Slide 9: Borralha: Tungsten Project – Drilling to Date
BORRALHA: TUNGSTEN PROJECT DRILLING TO DATE Highlights from 2025 Drilling Program(1): • 4,120 metres completed across 15 drill holes Old Borralha tungsten underground vein mine • 12.0 m @ 4.27% WO₃, incl. 6.0 m @ 8.39% WO₃ • Among the highest-grade tungsten results in Western exploration • Confirms
Slide 10: Borralha: 2025 Exploration Activities
BORRALHA: TUNGSTEN PROJECT 2025 EXPLORATION ACTIVITIES SEPTEMBER 4, 2025 • 12 Metres of 4.27% Tungsten (WO3) Incl. 6 Metres of 8.39% Tungsten (WO3) NOVEMBER 12, 2025 • 18.0 m @ 0.85 % WO₃ from 270.0 m, including 4.0 m @ 3.72 % WO₃ from 270.0 m The ultra high-grade tungsten discovery previously repor
Slide 11: Vila Verde: Tungsten-Tin Project
VILA VERDE: TUNGSTEN-TIN PROJECT The Vila Verde Project is advancing rapidly towards the execution of its Experimental Mining License with the Portuguese Government (DGEG), having secured positive endorsements from the local municipalities, underscoring strong regional support for the project. LOCAT
Slide 12: Vila Verde: Pilot Plant Fully Funded
VILA VERDE: PILOT PLANT FULLY FUNDED Fully Funded - Announced US$40M Financing facility (US$15M project financing) secured through binding agreement with existing strategic investor. First tungsten concentrate production targeted for Q4 2026. PROJECT HIGHLIGHTS: • Fully funded through binding US$15M
Slide 13: Project Permitting Status
PROJECT PERMITTING STATUS Borralha has cleared the critical environmental and licensing hurdles and is advancing toward construction and production Vila Verde is following a phased pilot-to-scale strategy, enabling near-term pilot operations while advancing full-scale operations Portugal provides a
Slide 14: Allied Critical Metals USA
ALLIED CRITICAL METALS USA U.S. OPERATING SUBSIDIARY OF ALLIED CRITICAL METALS INC. Allied Critical Metals (USA), Inc. (“Allied USA”) is the U.S. operating subsidiary of Allied Critical Metals. Its mandate is to import, market, and distribute tungsten products to American customers in defense, aeros
Slide 15: Timeline of Milestones
TIMELINE OF MILESTONES: Follow Our Tungsten Travels in Portugal Q1 2026 Q2 2026 Kick start 2026 drill program Begin construction of pilot Q2 2024 - 20,000m - Borralha plant - Vila Verde Acquired 100% interest in Borralha & Vila Verde Q1 2026 Complete PEA WE’RE / Completed maiden MRE for Borralha Q4
Slide 16: Public Comparable Companies
PUBLIC COMPARABLE COMPANIES $7,000 M $6,511.9 M $6,000 M Marketcap ($CAD) $5,000 M $4,000 M $3,000 M $2,000 M $1,146.7 M $1,000 M $813.5 M $831.0 M $335.3 M $385.4 M $130.1 M $175.7 M $201.0 M $32.5 M $44.0 M $- Spartan Metals Fox Tungsten American Tungsten Mining Northcliff Tungsten West Allied Cri
Slide 17: Corporate Snapshot
CORPORATE SNAPSHOT CAP STRUCTURE Shares O/S FD O/S Security Type Price per Share Expiry (M) (%) 1 Common Shares – 180.76 80.00% – Basic Shares O/S 180.76 80.00% Options $0.20 0.25 0.11% May-28 $0.22 3.40 1.50% May-30 SHAREHOLDER SUMMARY $0.53 6.17 2.73% Sep-30 $0.72 3.30 1.46% Oct-30 Institutional 1
Slide 18: Management Team
MANAGEMENT TEAM ROY BONNELL JOÃO BARROS CEO / DIRECTOR PRESIDENT / COO / DIRECTOR Roy Bonnell brings 30+ years of João Barros brings 20+ years of mining leadership in capital markets and leadership, specializing in exploration natural resources, co-founding and and feasibility studies, with prior ro
Slide 19: Allied Critical Directors
ALLIED CRITICAL DIRECTORS ROY BONNELL JOÃO BARROS CEO / DIRECTOR PRESIDENT / COO / DIRECTOR Roy Bonnell brings 30+ years of João Barros brings 20+ years of mining leadership in capital markets and leadership, specializing in exploration natural resources, co-founding and and feasibility studies, wit
Slide 20: Borralha Project ESG Highlights
BORRALHA PROJECT ESG HIGHLIGHTS ESTABLISHED SOCIAL MONITORING & ADVISORY COMMITTEE First of its kind in Portugal, with unanimous participation from municipality, farmers, academia & local community ENVIRONMENTAL Remove historic waste dump → stop pollution Restore former mine sites → safe, green land
Slide 21: Contact Information
CONTACT INFORMATION Suite 1150 - 1100 Melville Street Vancouver, BC, Canada V6E 4A6 Rua Padre José G. Eigenmann 90, 4715-199 Braga, Portugal Tel: +351 253 614 878 Tel: +351 965 082 332 1801 West End Avenue, Suite 1550 Nashville, Tennessee 37203 alliedcritical.com alliedcriticalusa.com Roy Bonnell CE
Slide 22: Notes
NOTES 22 CSE: ACM | OTCQB: ACMIF | FSE: 0VJ0
Slide 23: alliedcritical.com
NEAR-TERM, LOW-COST PORTUGUESE PRODUCTION OF TUNGSTEN - A RARE & HIGHLY STRATEGIC CRITICAL MINERAL ALLIEDCRITICAL.COM CSE: ACM | OTCQB: ACMIF | FSE: 0VJ0
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