Robust Initial PEA At The Borralha Project

VANCOUVER – Allied Critical Metals Inc. reported on its initial Preliminary Economic Assessment (PEA) for its Borralha Tungsten Project in northern Portugal.
“The completion of the PEA marks another important milestone for the Company. In addition to the significant tailwinds provided by the significant increase in the price of tungsten. We are very pleased to see have been able to receive support from idD Portugal Defence, the Portuguese public entity overseeing the nation’s Defence Industry, which has endorsed the Borralha Project as a strategic initiative of national importance. We have also received a favourable Environmental Impact Declaration, subject to standard regulatory conditions from the Portuguese Environment Agency,” commented Roy Bonnell, CEO and Director. “We could not be more pleased with the considerable advancement of the Borralha Project and look forward to continuing to more progress at the Borralha Project and the Vila Verde Project, which are both strategic critical mineral tungsten assets well positioned within the EU.”