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Allied Critical Metals Inc
Symbol ACM
Shares Issued 128,323,922
Close 2025-10-29 C$ 0.70
Market Cap C$ 89,826,745
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Allied Critical gains Portugal defence recognition

2025-10-29 16:32 ET - News Release

Mr. Joao Barros reports

ALLIED CRITICAL METALS EARNS STRATEGIC RECOGNITION FROM IDD PORTUGAL DEFENCE - STRENGTHENING EUROPE'S TUNGSTEN SECURITY

idD Portugal Defence, the Portuguese public entity overseeing the nation's defence industry, has endorsed Allied Critical Metals Inc.'s Borralha tungsten project as a strategic initiative of national importance with direct impact on Portugal's and Europe's defence supply chains.

Highlights:

  • idD Portugal Defence, the Portuguese public entity overseeing the nation's defence industry, has endorsed Allied's Borralha tungsten project as a strategic initiative of national importance.
  • ibD Portugal Defence has direct impact on Portugal's and Europe's defence supply chains.
  • Allied Critical Metals receives letter of recognition acknowledging the company's leadership role in re-establishing tungsten production in Portugal.

The company has received a formal letter of recognition that acknowledges Allied's leadership role in re-establishing tungsten production in Portugal -- a milestone step toward strengthening Europe's independence in critical raw materials. Tungsten is indispensable to modern defence, aerospace and high performance manufacturing, and Allied's Borralha and Vila Verde projects position Portugal at the centre of Europe's mission to secure its own supply under the EU Critical Raw Materials Act.

This acknowledgement means the following:

  • It places the Borralha project on the radar of Portugal's Ministries of Defence and Economy;
  • It provides an expedited pathway for governmental support and funding mechanisms;
  • It enhances the company's credibility and political alignment with local and national authorities;
  • It positions Allied as a long-term contributor to Portugal's industrial base and technological development;
  • It provides new stronger opportunities for to strategic partnerships with European defence contractors and OEMs (original equipment manufacturers) seeking secure tungsten sources.

"This recognition by idD Portugal Defence underscores Allied's emergence as a strategic partner in Europe's industrial and defence sovereignty," commented Joao Barros, president and chief operating officer of Allied. "We are honoured that the Portuguese government recognizes Borralha's strategic contribution to the defence technological and industrial base. As Borralha advances through its environmental impact assessment process, we are deepening collaboration with government stakeholders to align our development path with national priorities and pursue funding and partnership opportunities."

Located in northern Portugal, Borralha is one of Europe's most significant historic tungsten districts, now being revitalized by Allied using modern exploration techniques and environmentally responsible practices. Together with Vila Verde, it forms the cornerstone of Allied's strategic tungsten supply initiative -- a program designed to rebuild Europe's tungsten production capacity for defence, aerospace and green technology applications.

The idD Portugal Defence letter marks a major validation of Borralha's strategic importance and a strong signal of continued collaboration between Allied and Portugal's defence and industrial leadership.

About Allied Critical Metals Inc.

Allied Critical Metals is a Canadian-based mining company focused on the expansion and revitalization of its 100-per-cent-owned past-producing Borralha tungsten project and the Vila Verde tungsten project in northern Portugal. Tungsten has been designated a critical metal by the United States and other Western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86 per cent of the total global supply and reserves. The tungsten market is estimated to be valued at approximately $5-billion (U.S.) to $6-billion (U.S.) and it is used in a variety of industries such as defence, automotive, manufacturing, electronics and energy.

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