Allied Critical Metals Inc(XCNQ:ACM)

Allied Critical Metals Inc is a pioneering mining exploration and development firm focused on two historically significant Tungsten (WO3) mining projects in northern Portugal – Borralha and Vila Verde.

Investor website: https://alliedcritical.com/

About

Allied Critical Metals Inc is a pioneering mining exploration and development firm focused on two historically significant Tungsten (WO3) mining projects in northern Portugal – Borralha and Vila Verde. The company is committed to excellence and sustainable mining practices, aiming to unlock the full potential of these valuable mineral deposits.

Verified company data

Cash position
Exact figure not avaialble
Shares outstanding
218.82M
Fully diluted shares
218.82M
Mineral resource
Measured and Indicated Resource (M+I): 13.0 Mt at 0.21% WO₃; and Inferred Resource: 7.7 Mt at 0.18% WO₃. Historical production from 1904-1985 of wolframite concentrate at an avg. grade of 66%. Initial preliminary historical inferred resource of 7.3 million tonnes mineralized material with a cut-off of 500 gpt WO3, including 4.0 million tonnes WO3 grading 1,347 gpt WO3 and 264 gpt Sn at Cumieira deposit and 3.3 million tonnes grading 961 gpt WO3 at Porqueira deposit.
Projects
["Borralha Tungsten Project: Unique high grade and metallurgical properties differentiates the project helping to make it a low-cost producer, as this deposit is ferberite, para-magnetic version of tungsten with initial metallurgy showing 95% recovery. Mining Rights Concession License; advanced stage brownfield project with updated mineral resource estimate (MRE) effective November 19, 2025(1), including: Measured and Indicated Resource (M+I): 13.0 Mt at 0.21% WO₃; and Inferred Resource: 7.7 Mt at 0.18% WO₃. Historic production from 1904-1985 of wolframite concentrate at an avg. grade of 66%. Highlights from 2025 Drill Program: 4,120 metres completed across 15 drill holes; 12.0 m @ 4.27% WO₃, incl. 6.0 m @ 8.39% WO₃; among the highest-grade tungsten results in Western exploration; confirms controlled high-grade breccia corridor; 18.0 m @ 0.85% WO₃, incl. 4.0 m @ 3.72% WO₃; 100.0 m @ 0.21% WO₃, incl. 32.0 m @ 0.33% WO₃, 14.0 m @ 0.52 WO₃ & 6.0 m @ 0.74 m WO₃. The Borralha Tungsten project recently endorsed by idD Portugal Defence, designating it a project of strategic national importance. The Borralha Project is currently undergoing the Environmental Impact Assessment (EIA) licensing process, with the submission under evaluation by the Portuguese Environmental Agency (APA) and the Directorate-General for Energy and Geology (DGEG), as required under Portuguese environmental and mining legislation. Location: Town of Borralha is 60km east of the city of Braga and 100km northeast of the city of Porto.","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. Historical resource of 7.3M tonnes with a cut-off of 0.05% WO3; 3x Borralha land package size; Pre-existing quarry operation capable of near-term cash flow, with construction and commissioning intended for 2026 with non-dilutive project financing, quarry permitting would allow for processing 150,000 tpa; Leverage prior pre-existing quarry operation to fast-track permitting process; Tailings and alluvial material will supply plant with estimated grade for plant design parameters for average feedstock of 0.21% WO3; Construction and operations estimated to begin in 2026; Plant design production capacity of 150,000 tonnes per year, would result in 250 tonnes of WO3 per year under present design parameters. May subsequently increase capacity to 300,000 tpa; Process: Crushing and grinding, then fed into a gravimetric and magnetic concentration system; Total estimated CAPEX of Pilot Plant is estimated at $7.9M (+$2.9M for later expansion) intended to be funded through non-dilutionary sources. Offtake Agreements: LOI signed with Global Tungsten & Powders based in Pennsylvania, USA for the sale of Tungsten Concentrate; In discussions with other global refineries. Permitting: Mineral license being converted from exploration license to an experimental mining; This allows for up to 150k tpa of mineralized material until the full-scale mining license is granted following completion of the feasibility study; Quarry permitting will allow for 150k tpa initially with potential to expand up to 300k tpa. Vila Verde is 45km southeast of Borralha Tungsten Project; 17 diamond drilled holes totaling 2,103m at the Vila Verde project area, revealed a 2.1km x 1km tungsten-tin mineralized system at Cumieira zone and a 1km x 500m tungsten-tin mineralized system at Porqueira."]
Leadership
Roy Bonnell (CEO, Chief Executive Officer and Director of Allied Critical Metals Inc. with extensive experience in the mining sector.), Kirstjen M. Nielsen (Director, Former U.S. Secretary of Homeland Security with expertise in national security, public policy, and critical infrastructure.)

Verified data last updated: 2026-05-15

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