Allied Critical Metals Poised to Become Leading Tungsten Producer with Dual Projects in Portugal
Allied Critical Metals Poised to Become Leading Tungsten Producer
with Dual Projects in Portugal
Vancouver, BC – May 2, 2025 – Allied Critical Metals Inc. (ACM: CSE)
("ACM" or the "Company") is pleased to provide an overview of its strategic
initiatives and development plans aimed at establishing itself as one of the
leading Western suppliers of tungsten, a highly strategic critical mineral. With
two 100% owned advanced stage brownfield projects in mining -friendly
northern Portugal, ACM is positioned for near-term, low-cost production at a
time when global supply chains are urgently seeking alternatives to Chinese
and Russian sources.
Borralha Tungsten Project
ACM’s flagship asset, the Borralha Tungsten Project, is a brownfield site with
a rich mining history dating back to 1904. The project boasts a current
inferred mineral resource of 7.0 million tonnes with an average grade of
0.20% WO₃ and an indicated mineral resource of 4.98 million tonnes with an
average grade of 0.21% WO ₃, complemented by silver, copper, and tin by -
product mineralization using a 0.10% WO ₃ cutoff. Borralha previously
produced over 10,000 tonnes of tungsten concentrate with an average grade
of 66% WO₃.
Recent drilling confirmed broad intercepts, including 106m at 0.21% WO ₃
and 10m at 1.75% WO ₃, while test work demonstrated up to 70% tungsten
recovery and concentrate grades exceeding 66% WO ₃.
The project benefits from existing infrastructure, low drilling costs, and a
mining license allowing for up to 150,000 tonnes of bulk sampling annually.
Borralha is currently advancing its environmental permitting with Portugal’s
DGEG and APA regulators, alongside ongoing pre-feasibility work.
The Company has completed a maiden mineral resource estimate described
in its technical report entitled, “Technical Report on the Borralha Property,
Parish of Salto, District of Vila Real, Portugal” dated effective July 31, 2024,
which is available under the Company's profile on SEDAR+ at
www.sedarplus.ca.
Vila Verde Tungsten-Tin Project
Complementing Borralha is the Vila Verde Tungsten -Tin Project, a historic
producer with a historical inferred resource of 7.3 million tonnes comprised
of 4.0 million tonnes grading 1,347 g/t WO ₃ and 3.3 million tonnes grading
961 g/t WO₃, both using a common cutoff of 0.05% WO₃, which is described
in the Company's current technical report on the Vila Verde Project entitled,
“Technical Report on the Vila Verde Property, District of Vila Real, Portugal”
dated effective July 30, 2024, which is available under the Company's profile
on SEDAR+ at www.sedarplus.ca. The historical resource estimate is from
a 2020 report by Minerália – Minas, Geotecnia e Construções Lda, 2020:
Technical Report on the Maiden Resource Estimate of Vila Verde Tungsten
Deposit, Vila Real District, Portugal , dated effective November 26, 2020. A
qualified person has not done sufficient work to classify the historical
estimate as current mineral resources or mineral reserves, and the issuer is
not treating the historical estimate as current mineral resources or mineral
reserves. An independent qualified person would need to obtain updated
new assay analysis for the samples verified from the applicable historical drill
holes as well as additional drilling and assays to verify the previous assay
analysis and complete a corresponding resource estimate to determine a
current mineral resource.
ACM is targeting pilot plant construction and initial production at Vila Verde
by Q4 2025, leveraging a pre-permitted quarry and existing infrastructure to
fast-track development and generate near-term cash flow.
The processing plant is designed to handle 150,000 tonnes of feedstock per
year, producing approximately 250 tonnes of WO ₃ concentrate, with
expansion potential to 300,000 tonnes per year in future phases.
Test work has confirmed saleable concentrate grades of 62.5% WO ₃ using
gravity and magnetic separation, with offtake negotiations ongoing.
Tungsten Market
Tungsten is classified as a critical mineral by the United States and European
Union due to its vital role in defense, semiconductors, electric vehicles, and
advanced manufacturing. With over 84% of global tungsten production
currently concentrated in China, ACM’s projects represent a significant
opportunity to develop a secure, Western -aligned supply chain in a mining-
friendly EU jurisdiction.
The Company has already signed a Letter of Intent for an offtake agreement
with Global Tungsten & Powders, a Pennsylvania -based buyer, and is
currently in advanced negotiations with additional international refiners
across key markets.
All development activities are being aggressively advanced with a focus on
non-dilutive financing, aiming to preserve shareholder value while
accelerating near-term production.
Qualified Person
Doug Blanchflower, P.Geo . is a Consulting Geologist with Minorex
Consulting and has reviewed and approved the scientific and technical
information in this news release and is a Registered Professional
Geoscientist in good standing with the Association of Professional Engineers
and Geoscientists of British Columbia (No. 19086), and is a qualified person
for the purposes of National Instrument 43-101—Standards of Disclosure for
Mineral Projects.
Third Party Services
ACM is pleased to announce that it has engaged the following service
providers for investor relations services: The Howard Group; Stockhouse
Publishing Ltd.; Market One Media Group Inc.; Outside the Box Capital Inc.;
Capital Event Management Ltd.; CEO.ca Technologies Ltd.; Dig Media Inc.;
Integral Wealth Securities Limited; and Yabucoa Partners Corp.
The Company has engaged The Howard Group as its investor relations
communications advisor to direct both traditional and online initiatives
targeting institutional and retail investing groups as well as the broader
investment community. The engagement is for 12 months commencing May
1, 202 5 with compensation of $10,000 per month and stock options to
acquire 250,000 common shares of ACM at a price of $0.20 per share having
a term of three years. The Howard Group is arm's length to the Company ,
and is located at 350, 318 – 11 Avenue SE, Calgary, Alberta, T2G 0Y2; Tel:
1-888-221-0915; [email protected].
Stockhouse Publishing Ltd. ("Stockhouse") was engaged on May 1, 2025 to
provide marketing services including research and analysis, digital marketing
and to build profile and awareness of the Company and its securities through
its online platform at www.stockhouse.com where its members have access
to a wide range of world -class products and tools including portfolio
managers, subscription -based expert newsletters, bullboards, blogs,
and social networking tools . The engagement is for 12 months
commencing May 1, 2025 with compensation of $150,000. Stockhouse is
arm's length to the Company, and is located at 1130 – 1055 West Hastings
Street, Vancouver, British Columbia, V6E 2E9; Tel: 604-315-6956;
The Company engaged Market One Media Group Inc. ("MarketOne") on May
1, 2025 to provide marketing services including research and analysis, digital
marketing and to build profile and awareness of the Company and its
securities. The engagement is for 12 months commencing May 1, 2025 with
compensation of $150,000 USD plus $2,000 USD per month. MarketOne is
arm's length to the Company, and is located at Suite 320, 440 West Hastings
Street, Vancouver, British Columbia, V6B 1L1; Tel: 604-428-2125;
Pursuant to an agreement dated May 1, 2025, the Company has engaged
Outside The Box Capital Inc. ("OTB") to provide certain financial publishing
and digital marketing services, including, influencer videos, email
marketing, and social media marketing. In exchange for providing these
services, OTB will receive a payment of US$150,000 for a six (6) month term
commencing on May 1, 2025. OTB is arm's length to the Company and the
Company will not issue any securities to OTB as compensation for its
marketing services. OTB is located at 2202 Green Orchard Place, Oakville,
Ontario, L6H 4V4; [email protected]; tel: 289-259-4455.
The Company engaged Capital Event Management Ltd. ("CEM") effective
May 1, 2025 to provide networking opportunities at in person and virtual
conferences with its network of the investment community, including
delegates fees, expenses and attendance at least three in-person
conferences and at least 20 virtual meetings for $54,000 CAD plus $5,500
USD. CEM is arm's length to the Company and the Company will not issue
any securities to it for its services. CEM is located at 1090 – 510 Burrard
Street, Vancouver, British Columbia, V6C 3B9; tel: 604-569-2209;
The Company engaged CEO.ca Technologies Ltd. ("CEO.ca") on May 1,
2025 to provide marketing services including research and analysis, digital
marketing and to build profile and awareness of the Company and its
securities. CEO.ca is a wholly owned subsidiary of EarthLabs, Inc., is one of
the most popular free financial websites and apps in Canada and for
investors globally - with industry leading audience engagement and mobile
functionality. The engagement is for 12 months commencing May 1, 2025
with compensation of $80,000 CAD. CEO.ca is arm's length to the Company,
and is located at 69 Yonge Street, Toronto, Ontario, M5E 1K3; Tel: 647-345-
7720; Email: [email protected].
Dig Media Inc. dba Investing News Network ("INN") was engaged by the
Company effective May 1, 2025 for a term of 12 months for marketing
services including research and analysis, digital marketing and to build
profile and awareness of the Company and its securities for cash
compensation of $30,000 CAD plus taxes. INN is arm's length to the
Company and is located at 1200 – 738 Granville Street, Vancouver, British
Columbia, V6Z 1G3; Tel: 604 -688-8231; Email:
Integral Wealth Securities Limited ("Integral") was engaged by the Company
under an agreement dated May 1, 2025 to be a market maker for the
Company in accordance with the policies of the Canadian Securities
Exchange (the "CSE"), commencing on May 1, 2025. Under the agreement,
Integral will trade securities of the Company on the CSE for the purposes of
maintaining an orderly market for the Company's securities. The agreement
is for an initial term of three months wherein Integral will receive
compensation of $6,000 per month payable on the first day of each month.
After the third month, the Company may terminate the agreement on 30 days
written notice. There are no performance factors in the agreement and
Integral will not receive any equity as compensation. Integral is not related
or affiliated with the Company and is a member of the Canadian Investment
Regulatory Organization ("CIRO") and can access the CSE and Alternative
Trading Systems. The capital and securities required for any trade
undertaken by Integral as principal will be provided by Integral. Integral is an
independent CIRO-licensed investment dealer engaged in market -making,
investment banking and wealth management. Integral is headquartered at
Suite 1600, 181 University Avenue, Toronto, Ontario, M5H 3M7; Tel: 416-
203-2000; email: [email protected].
The Company engaged Yabucoa Partners Corp. dba StreetSmart
("StreetSmart") on May 1, 2025 to provide marketing services including
research and analysis, digital marketing and to build profile and awareness
of the Company and its securities. The engagement is for 12 months
commencing May 1, 2025 with compensation of $150,000 USD plus $2,000
USD per month. StreetSmart is arm's length to the Company, and is located
at 295 Palmas Inn Way, Suite 104 PMB 115, Humacao, Puerto Rico, 00791;
Tel: 707-408-2596; [email protected].
About Allied Critical Metals Inc.
Allied Critical Metals Inc. (ACM:CSE) is a Canadian -based mining
company focused on the expansion and revitalization of its 100% owned past
producing Borralha & Vila Verd e Tungsten projects in Portugal. Tungsten
has been designated a critical metal by the United States and other western
countries, as they are aggressively seeking friendly sources of the unique
metal. Currently, China and Russia represent approximately 90% of the total
global supply and reserves. The Tungsten market is estimated to be valued
at approximately $5 - $6 billion USD and it is used in a variety of industries
such as defense, automotive, manufacturing, electronics, and energy.
Please also visit our website at www.alliedcritical.com.
ON BEHALF OF THE COMPANY
"Roy Bonnell"
Chief Executive Officer and Director
For further information, contact:
Dave Burwell
VP Corporate Development
403-410-7907
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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 managem ent
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 Statemen t 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 terms of the investor
awareness campaign, anticipated benefits to Company from running the
investor awareness campaign, and the performance of the investor relations
services providers of the marketing services as contemplated in the
marketing agreements, or at all. Should one or more of these risks or
uncertainties materialize or should assumptions underlying the fo rward-
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 pr ospective 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 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.
The Canadian Securities Exchange does not accept responsibility for the
adequacy or accuracy of this release and has neither approved nor
disapproved the contents of this press release.