Resource expansion and near term production in northern Portugal
As global supply chains tighten and geopolitical tensions reshape access to critical raw materials, one mineral is quietly surging to the forefront of major importance: tungsten.
With its unmatched hardness, high melting point, and indispensable role in defence, aerospace, and green technologies, tungsten is becoming a linchpin in the West’s push for resource independence. Investors are now turning their attention to Europe, where a historic district is being revitalised with modern exploration—and the results are turning heads.
Allied Critical Metals Inc. (CSE:ACM) is emerging quickly as a key player in the global critical minerals sector, with a strategic focus on revitalising Europe’s tungsten supply chain. The company’s flagship assets—the Borralha and Vila Verde tungsten projects in northern Portugal—are 100 per cent owned and located in historically productive districts. With tungsten designated as a critical mineral by the E.U., U.S., and Canada, Allied’s projects are well-positioned to meet growing Western demand amid tightening global supply.
This article is disseminated in partnership with Allied Critical Metals Inc.. It is intended to inform investors and should not be taken as a recommendation or financial advice.
The true value of Tungsten
Tungsten is indispensable in defence, aerospace, electronics, and high-performance manufacturing. With China, Russia, and North Korea controlling approximately 86 per cent of global supply, Allied’s efforts to re-establish production in Portugal align with Western initiatives to secure independent sources of critical raw materials.
Recent recognition by idD Portugal Defence
In a major endorsement, idD Portugal Defence, the Portuguese government entity overseeing the national defence industry, formally recognized Allied’s Borralha Tungsten Project as a strategic initiative of national importance. This recognition:
- Places Borralha on the radar of Portugal’s Ministries of Defence and Economy
- Opens pathways for governmental support and funding
- Enhances Allied’s credibility and alignment with national priorities
- Positions the company for strategic partnerships with European defence contractors and OEMs
“With each new intercept, we are seeing our understanding of Borralha evolve and strengthen. Bo_RC_21 confirms mineralisation well beyond the current model, while Bo_RC_26 tightens the block model in a key zone,” The company’s CEO, Roy Bonnell, explained in a news release. “Together, these results support both immediate growth and long-term confidence in Borralha’s development potential.”
Drill program highlights: Expanding a high-grade system
Allied is nearing completion of its 5,625-metre Phase 1 Reverse Circulation (RC) drill campaign at Borralha, with 4,210 metres already drilled. The results continue to exceed expectations, confirming both bulk-mineable zones and high-grade corridors within the Santa Helena Breccia.
Notable assay results
- Bo_RC_14/25:
- 12.0 m @ 4.27 per cent WO₃, including 6.0 m @ 8.39 per cent WO₃—among the highest-grade intercepts in Western exploration
- Bo_RC_16:
- 90.0 m @ 0.24 per cent WO₃ from 60.0 m
- Including 10.0 m @ 1.11 per cent WO₃ (6.0 m @ 1.78 per cent WO₃)
- Plus 12.0 m @ 0.33 per cent Cu, 25 g/t Ag, 138 ppm Mo
- Bo_RC_21:
- 42.0 m @ 0.19 per cent WO₃ from 256.0 m
- Including 4.0 m @ 0.62 per cent WO₃, confirming a 100+ m wide mineralized corridor
- Bo_RC_26:
- 26.0 m @ 0.24 per cent WO₃ from 140.0 m
- Including 2.0 m @ 2.02 per cent WO₃, enhancing confidence in the resource model
CEO Bonnell noted that Bo_RC_16 has delivered one of the strongest intercepts ever drilled on the project, expanding the high-grade central-south mineralization.
These results support both lateral expansion and refinement of the upcoming NI 43-101 Mineral Resource Estimate (MRE), expected in Q4 2025, and will feed into a Preliminary Economic Assessment (PEA) in early 2026.
Financial strength and growth trajectory
In October 2025, Allied closed a C$16.25 million non-brokered private placement, issuing 27 million shares at $0.60 each. The financing fully funds:
- Completion of the Borralha MRE and PEA
- Technical preparation for a pilot plant at Vila Verde
- A maiden MRE for Vila Verde in H1 2026
- A definitive feasibility study for Borralha by year-end 2026
Investment proposition
Allied Critical Metals offers a compelling investment opportunity based on:
- Strategic asset location in Europe’s historic tungsten districts
- Governmental endorsement and alignment with E.U. critical mineral policies
- High-grade drill results supporting robust resource growth
- Strong financial backing to advance development milestones
- Exposure to rising tungsten prices, which recently hit US$685/MTU, up 50 per cent in six months
“With each new intercept, we are seeing our understanding of Borralha evolve and strengthen,” CEO Bonnell stated. “Together, these results support both immediate growth and long-term confidence in Borralha’s development potential.
As Europe seeks to reduce reliance on non-Western sources for critical minerals, Allied’s Borralha and Vila Verde projects are poised to become cornerstone assets in the continent’s industrial and defence supply chains.
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