Allied Critical Metals Inc. Advances Borralha Tungsten Project and Strengthens Capital Base

Allied Critical Metals Inc. (CSE: ACM, OTCQB: ACMIF, FSE: 0VJ0) has made notable progress on its flagship Borralha Tungsten Project in Brazil, while simultaneously bolstering its financial position through a successful private placement.

10‑Metre Tungsten Test Drill Confirms High‑Grade WO₃

On October 22, 2025, Allied announced the completion of a 10‑metre drill hole at the Borralha site that intersected 1.11 % tungsten trioxide (WO₃). The same drilling results were reported by both StockWatch and CEO.ca, underscoring the significance of the find. The high-grade WO₃ intersection indicates a strong potential for economically recoverable tungsten resources, reinforcing the strategic importance of the Borralha project in Allied’s portfolio of base‑metal assets.

Private Placement Upsizes Capital for Exploration and Development

Earlier in October, the company closed an upsized private placement, raising $16.25 million. Allied issued 27,083,266 common shares at $0.60 per share, generating gross proceeds of $16,249,960. The offering was conducted under the Canadian Securities Exchange’s Listed Issuer Financing Exemption (NI 45‑106, Part 5A) and was fully subscribed, reflecting investor confidence in the company’s exploration strategy.

The net proceeds will be earmarked for two critical initiatives:

  1. Ongoing exploration and development on the Borralha Tungsten Project, including additional drilling and resource estimation.
  2. Vila Verde Tungsten Project activities, broadening Allied’s tungsten footprint in Brazil.
  3. Working capital to support operational needs and future growth opportunities.

Market Context and Outlook

The company’s shares closed at CAD 0.70 on October 21, 2025, after a 52‑week high of CAD 0.89 in late September and a 52‑week low of CAD 0.005 in late October 2024. Despite a modest market capitalization of approximately CAD 507,000, Allied’s focused exploration strategy and recent capital influx position it to accelerate resource development and potentially increase shareholder value.

Allied’s recent drilling success and secured funding signal a deliberate push toward establishing itself as a significant player in the tungsten market. With a clear roadmap for the Borralha and Vila Verde projects, the company is poised to translate these technical milestones into tangible production prospects.