Vancouver, British Columbia - Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0) ('Allied' or the 'Company'), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce new assay results from its ongoing Reverse Circulation ('RC') drill program at the 100%-owned Borralha Tungsten Project in northern Portugal.
The latest results include one of the longer and highest-grade intervals drilled to date at Borralha's Santa Helena Breccia ('SHB'), further confirming the continuity of high-grade mineralization within the backbone of the deposit.
Borralha is delivering stronger, wider, and higher-grade intercepts than expected, positioning Allied to unlock significant resource growth and advance one of the most strategic tungsten projects in the Western world. Tungsten price reached a high of USD $670/MTU, up approximately 50% in last 6 months as demand for the critical mineral increases with further supply chain restrictions from non-Western countries.
Geological Context
Bo_RC_16 was drilled at the western dip edge of the central-south backbone of the current Mineral Resource Estimate ('MRE'). The objective was to strengthen resource resolution for the forthcoming Preliminary Economic Assessment ('PEA') in an area where higher-grade mineralization was previously interpreted to taper off. Instead, the hole returned higher and more consistent grades than anticipated, significantly widening the central-south mineralization and delivering one of the highest metal factor intercepts ever recorded at Borralha's SHB.
Bo_RC_18 and Bo_RC_19 targeted the transition 'gap' central zone between the central-south high-grade backbone and the recently discovered north-dipping large medium-grade lode, an area historically interpreted as lower grade. Results exceeded current MRE expectations, returning grades above the deposit average and strengthening the geological bridge between two high-grade domains. This continuity is expected to be an important factor in resource growth and future mine design.
Roy Bonnell, CEO and Director of Allied, commented: 'Borralha continues to surprise us on the upside, Bo_RC_16 has delivered one of the strongest intercepts ever drilled on the project, expanding the high-grade central-south mineralization. Meanwhile, Bo_RC_18 and Bo_RC_19 has successfully demonstrated mineralization continuity in what was considered a weaker zone. Together, these results confirm both scale and grade potential as we advance towards our updated MRE and PEA.'
Drill Program Progress
To date, 4,210 metres of drilling have been completed from the initially planned 5,625-metre Phase 1 campaign. The program focus was: Expanding and upgrading the current NI 43-101 Mineral Resource Estimate (MRE), expected in Q4 2025.
The development of a robust Preliminary Economic Assessment (PEA).
Supporting underground mine design and integration with ongoing EIA review.
Further assay results are expected in the coming weeks as drilling advances towards completion.
About the Borralha Tungsten Project
Allied's Borralha Tungsten Project is one of the largest and most historically significant past-producing tungsten operations in Western Europe. Located in northern Portugal, Borralha was once the second-largest tungsten mine in the country and supplied strategic materials to European and Allied industries during the 20th century, including both World Wars and the Cold War period.
Today, the project is undergoing a modern revitalization based on a combination of scale, grade, metallurgy, and jurisdictional strength. Mineralization is dominated by coarse-grained wolframite, which is highly desirable in global markets due to its favorable processing characteristics and higher recoveries compared to scheelite-bearing deposits.
Borralha benefits from existing infrastructure, shallow mineralization, and a simple processing route, making it one of the most advanced tungsten development projects in the European Union. These attributes are particularly important in the context of the EU Critical Raw Materials Act (2024/1252) and NATO strategic autonomy initiatives, both of which explicitly identify tungsten as a defense-critical raw material subject to severe supply risk.
With the EU currently dependent on over 80% of its tungsten imports from China, Borralha represents a rare and strategic opportunity to develop a secure, domestic, and NATO-aligned supply source. As Allied continues to advance drilling, resource expansion, and economic studies, Borralha is poised to play a central role in reshaping Europe's tungsten landscape-supporting both decarbonization technologies and defense-industrial resilience.
Contact:
Dave Burwell
Email: [email protected]
Tel: 403-410-7907
Toll Free: 1-888-221-0915
Web: www.alliedcritical.com
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 and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company's Listing Statement and other filings made by the Company 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 Listing Statement, 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 Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, 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.
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