This post appeared first on investingnews.com

This post appeared first on investingnews.com

Eric Sprott announces that, today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 249,300 common shares (Shares) of Maritime Resources Corp over the TSX Venture Exchange (representing approximately 0.2% of the outstanding shares on a non-diluted basis) at an average price of approximately $2.20 per share for aggregate consideration of approximately $549,208.

Prior to the Acquisition of Shares, Mr. Sprott beneficially owned 10,005,700 Shares and 2,666,700 Share purchase warrants (Warrants) representing approximately 8.1% of the outstanding on a non-diluted basis, and approximately 10.0% on a partially diluted basis assuming exercise of such Warrants

As a result of the acquisition of Shares, Mr. Sprott now beneficially owns 10,255,000 Shares and 2,666,700 Warrants, representing approximately 8.3% of the outstanding Shares on a non-diluted basis and 10.2% of the outstanding Shares on a partially-diluted basis assuming exercise of such Warrants, being an increase in holdings above 10% and, therefore, the filing of an early warning report.

The Shares were acquired for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274282

This post appeared first on investingnews.com

Rio Silver Inc. (the ‘Company’ or ‘Rio Silver’) (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) is pleased to announce that it has closed its non-brokered private placement (the ‘Offering’), previously announced on September 24, 2025, by issuing an aggregate of 22,000,000 units of the Company (the ‘Units’) at a price of $0.10 per Unit for gross proceeds of $2,200,000.

Each Unit is comprised of one common share of the Company and one share purchase warrant (a ‘Warrant’), with each Warrant exercisable to purchase an additional common share of the Company at a price of $0.15 per common share for a period of three years from the date of issue, subject to early expiry in the event that the closing price of the common shares of the Company is $0.25 or higher for fifteen consecutive trading days at any time after the closing of the Offering, upon which the Warrants will expire thirty calendar days after notice to warrant holders through the Company’s announcement with respect to the early expiry date.

In connection with the closing of the Offering, the Company paid finders’ fees of $70,920 in cash and issued 709,200 finder’s warrants, having the same term as the Warrants, in payment of finder fees. All securities issued are subject to a statutory 4-month hold period expiring on March 12, 2026.

The Company intends to use the net proceeds of the Offering towards the exploration and development of the Company’s projects in Peru, exploration and development of the Gerow Lake project in Northern Ontario and for general working capital purposes. Notwithstanding the foregoing, the Company will not use the proceeds of the Offering on the Maria Norte project until the TSX Venture Exchange has approved of the acquisition of the Maria Norte project, announced March 26, June 25, August 12 and September 17, 2025.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico

Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO

Tel: (604) 762-4448

Email: chris.verrico@riosilverinc.com

Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

This post appeared first on investingnews.com

This post appeared first on investingnews.com

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Saga Metals Corp. (‘ SAGA ‘ or the ‘ Company ‘) (TSXV: SAGA,OTC:SAGMF) (FSE: 20H), a North American exploration company advancing critical mineral discoveries, is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (‘ Red Cloud ‘) to act as sole agent and bookrunner in connection with a ‘best efforts’ private placement (the ‘ Marketed Offering ‘) for aggregate minimum gross proceeds of C$3,000,000 and maximum gross proceeds of C$5,000,000 from the sale of any combination of the following:

• units of the Company (each, a ‘ Unit ‘) at a price of C$0.44 per Unit (the ‘ Unit Price ‘), subject to the minimum sale of 4,545,455 Units for minimum gross proceeds of approximately C$2,000,000.20 from the sale of Units;
• flow-through units of the Company (each, a ‘ FT Unit ‘) at a price of C$0.50 per FT Unit; and
• flow-through units of the Company to be sold to charitable purchasers (each, a ‘ Charity FT Unit ‘, and collectively with the Units and FT Units, the ‘ Offered Securities ‘) at a price of C$0.66 per Charity FT Unit.

Each Unit will consist of one common share of the Company (a ‘ Unit Share ‘) and one common share purchase warrant (each, a ‘ Warrant ‘). Each FT Unit and Charity FT Unit will consist of one common share of the Company to be issued as a ‘flow-through share’ within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a ‘ FT Share ‘) and one Warrant. Each Warrant shall entitle the holder to purchase one common share of the Company (each, a ‘ Warrant Share ‘) at a price of C$0.60 at any time on or before that date which is 36 months after the Closing Date (as herein defined).

The Company also grants Red Cloud an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional C$1,000,000 in any combination of Units, FT Units and Charity FT Units at their respective offering prices (the ‘ Agent’s Option ‘). The Marketed Offering and the securities issuable upon exercise of the Agent’s Option shall be collectively referred to as the ‘ Offering ‘.

The Company intends to use the net proceeds from the Offering for the exploration of the Company’s properties in Labrador, Canada, including the Company’s Radar Project, as well as for working capital and general corporate purposes, as is more fully described in the Offering Document (as herein defined).

The gross proceeds from the sale of FT Shares will be used by the Company to incur eligible ‘Canadian exploration expenses’ that qualify as ‘flow-through critical mineral mining expenditures’ as both terms are defined in the Income Tax Act (Canada) (the ‘ Qualifying Expenditures ‘) related to the Company’s properties in Labrador, Canada on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units and Charity FT Units effective December 31, 2025.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘), the Un Offered Securities will be offered for sale to purchasers resident in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan (the ‘ Canadian Selling Jurisdictions ‘) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘ Listed Issuer Financing Exemption ‘). The securities issuable from the sale of the Units and Charity FT Units are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation for securities sold to purchasers resident in Canada. The Units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933 , as amended (the ‘ U.S. Securities Act ‘).

The FT Units and securities issuable in connection therewith will be subject to a hold period in Canada ending on the date that is four months plus one day following the Closing Date (defined below).

There is an offering document (the ‘ Offering Document ‘) related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at: www.sagametals.com. Prospective investors should read this Offering Document before making an investment decision.

The Offering is scheduled to close on December 5, 2025 or such other date as the Company and Red Cloud may agree (the ‘ Closing Date ‘). Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium. The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U ₃ O ₈ and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio that spans key commodities crucial for the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s plans and objectives in respect of the terms and conditions of the Offering, the intended use of proceeds from the Offering, the anticipated closing of the Offering and certain matters regarding the Offering Document. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

This post appeared first on investingnews.com

Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announced advancements with its U.S. Mine-to-Market strategy. The Company has delivered numerous key technical milestones including a LiDAR underground survey, metallurgical processing updates, a Bulk Sample, underground workings assessment and maiden Exploration Target (JORC 2012). These milestones have provided Locksley with the confidence to fast track the redevelopment plans and initiate extraction studies of mineralisation at the Desert Antimony Mine (DAM) Prospect.

From Target Validation to Extraction

The Company has advanced planning for a targeted, integrated work plan designed to fast-track extraction of mineralisation for Locksley’s Phase 1 pilot processing facility, planned for 2026. These results have collectively provided the Company sufficient confidence to progress plans towards re-development of the historical mine. With enhanced knowledge of the geology, metallurgy, and underground access now in place and continually developing, Locksley has commenced early-stage small scale production planning.

Geological Targeting at DAM

Underground LiDAR surveying has mapped ~236m of historical workings and spatially defined areas of mined mineralisation which has supported 3D geological modelling.

Combined with surface structural and geological mapping and sampling, this has enabled the Company to establish an Exploration Target (JORC 2012) at DAM containing between 19,400 to 67,700 tonnes of antimony metal (see basis for the exploration target below). This provides a framework to establish a conceptual development plan to provide feed for a pilot plant which is envisaged in 2026. This initial work provides a basis for the scale of operation which would be required and allows conceptual planning and design to be undertaken.

Metallurgy (Bulk Sample)

The recently completed 325 kg bulk sampling has delivered a head grade ranging from 7.6% to 7.8% Sb. Flotation has commenced using the same parameters determined in the initial sighter testwork campaign which successfully demonstrated the ability to produce a premium antimony concentrate grading 68.1% Sb (see ASX Announcement 22 September 2025). This metallurgical success provides the foundation for the MoU signed with Hazen and validates the Company’s processing pathway, significantly establishing the technical pathway for the downstream supply chain. The results have established the potential and quality of concentrates that can be produced from the mineralisation encountered at DAM, which is another key step towards a potentially viable production operation.

Underground Assessment

With an increasing and developing understanding in the geology and metallurgy, Locksley liaised with a specialist U.S. based underground development consultant to provide an opinion of the historical DAM workings. The initial assessment indicates the structural stability and accessibility of the workings, providing a potential plan for future re-entry and development of the mineralisation exposed in the underground faces (Figure 1*).

Downstream Capability (Processing & Refining)

The restart pathway complements Locksley’s downstream strategy, including its collaboration with Rice University to develop advanced antimony extraction technology using DeepSolvTM. Together with the MoU signed with Hazen Research for U.S. based processing capability, Locksley is building a fully integrated mine-to-market platform aligned with American industrial, defence, and energy sectors.

The advancement of the Desert Antimony Mine Prospect comes at a pivotal time for the United States, with antimony confirmed as a priority under federal supply chain resilience frameworks. Locksley’s progress directly supports U.S. objectives to rebuild domestic sources of defence-essential materials.

Kerrie Matthews, Managing Director CEO, commented:

‘This is a pivotal moment for Locksley, marking the rapid advancement towards the Company becoming a Developer, with an end-to-end supply chain strategy from Mine-toMetal. All technical steps, from establishing the exploration target, to achieving the 68.1% concentrate grade and to evaluating the underground workings aligns with this strategy.

The successful execution of these three integrated phases has significantly advanced the Company towards mitigating the key uncertainties associated with planning for recommencing operations. We are focused on further enhancing our understanding of DAM and working in parallel with US government on permitting, finance, and ultimately physically delivering antimony product into the U.S. market.’

Desert Antimony Mine Underground Mine Assessment

LKY has completed an evaluation of the underground workings at DAM. The purpose of this process was twofold:

1. Assess the stability of the underground workings to ensure ongoing activity can be completed in a safe working environment

2. Determine options and solutions to facilitate extraction of mineralisation from the underground workings for use in Locksley’s pilot plant

The initial assessment has indicated that the existing workings are in good condition and that the ground is competent. Minor areas are anticipated to require some limited rehabilitation and scaling (removal of loose rocks), but overall insignificant work is expected for the current ongoing activities.

In terms of mineralisation extraction activities, 2 options are being progressed in parallel.

1. Utilise jack leg mining crews to selectively mine from the existing faces accessible from underground workings (Figure 1*). The benefit of jack leg mining in this scenario allows a higher degree of selectivity and minimises mining dilution as a narrow face can be advanced. Miners would manually drill holes for blasting and ground support using a compressed air jack leg drill. Mineralised vein material would then be removed utilising a scraper system installed in the access adit. This process would be slower than mechanised mining.

2. Enlargement of the existing development to approximately 10′ x 15′ to allow access for small scale mechanised equipment. The benefit of this approach would be to allow a greater scale of mining activity and higher productivity resulting in a larger amount of mineralised material to be extracted in a shorter period. However, the larger access drives required would result in a higher level of dilution to any mineralisation extracted from the development drives.

The Company will progress with technical planning and design and subsequently seek expressions of interest from 3rd party contractors. Suitable contractors will be sourced and asked to tender in the process. In parallel, the Company is assessing the permitting requirements, with the intention of submitting an application for an initial ~2,000t under the existing Plan of Operations for DAM.

Bulk Metallurgical Sample

Due to the successful results obtained in the initial round of metallurgical testwork which resulted in the production of a full USA sourced and made Antimony ingot (see ASX Announcement 20 October 2025), the Company collected a 325kg bulk sample from mineralisation remaining in the underground workings at DAM. The sample has been collected to further advance the Company’s metallurgical testwork program to rapidly advance towards pilot plant development.

Sample preparation has been completed with the sample undergoing crushing testwork, grind establishment testwork and homogenisation. Two assays have been completed on the homogenised sample and returned grades of 7.6% and 7.8% Antimony. These results further support the high-grade nature of mineralisation seen at the DAM Prospect.

Initial rougher flotation testwork has commenced which will be followed by cleaner flotation testwork with the objective of delivering a larger volume of concentrate and developing a flotation process flowsheet suitable for generating a saleable final concentrate at an optimum recovery. It is anticipated that ~20kg of stibnite concentrate may be produced which will be utilised for ongoing testwork.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/D131M0FM

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au

This post appeared first on investingnews.com

Bo_RC_25 validates and expands the ultra high-grade zone first identified in Bo_RC_14 (Released Sept. 4), reinforcing Borralha’s status as one of Europe’s most significant tungsten discoveries amid increasing global prices.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce new assay results from the ongoing 2025 Reverse Circulation (RC) drilling campaign.

The latest results from holes Bo_RC_25/25, Bo_RC_20/25, and Bo_RC_29/25 confirm exceptional tungsten grades and strong mineralization continuity along the western dip of the Santa Helena Breccia (SHB). These intercepts validate and extend the ultra high-grade tungsten zone first discovered in hole Bo_RC_14, strengthening the broader mineralized system and supporting a significant expansion of the upcoming Mineral Resource Estimate (MRE).

Tungsten price growth remains strong as it recently hit a high of USD $700/MTU APT, up roughly 70% over the past six months, amid increasing demand for critical raw materials and tightening global supply.

Highlights:

Bo_RC_25/25:

• 18.0 m @ 0.85 % WO₃ from 270.0 m, including
  • 4.0 m @ 3.72 % WO₃ from 270.0 m

• Confirms and extends the very high-grade zone previously identified in Bo_RC_14 within the western dip of SHB.

Bo_RC_20/25:

• 18.0 m (16.4 m TW) @ 0.29 % WO₃ from 170.0 m, including
  • 6.0 m (5.5 m TW) @ 0.76 % WO₃ from 170.0 m

• Confirms high-grade lenses within the upper SHB flank, consistent with geometry predicted in the 2024 model.

Bo_RC_29/25:

• 10.0 m (7.9 m TW) @ 0.27 % WO₃ from 96.0 m, including
  • 4.0 m (3.2 m TW) @ 0.45 % WO₃ from 96.0 m

• Confirms the mineralized system westward along strike.

Roy Bonnell, CEO & Director of Allied commented, ‘Borralha continues to outperform expectations. The confirmation of the very high-grade tungsten zone from Bo_RC_14 by Bo_RC_25 underscores the strength and continuity of the Santa Helena Breccia system on the Borralha property. These new results further demonstrate the potential for significant resource expansion and underscore Borralha’s importance as a cornerstone tungsten asset for Allied and for Portugal.’

Vítor Arezes, VP Exploration and Qualified Person, added: ‘With these new intercepts, we now have clear evidence that the high-grade tungsten structure extends both down-dip and laterally. Bo_RC_25 not only confirmed the Bo_RC_14 intercept but expanded it – an important validation of our updated geological model and structural interpretation.’

Geological Context

Hole Bo_RC_25/25 was drilled approximately 35 m down-dip from Bo_RC_14, intersecting a broad breccia-hosted wolframite zone that confirms both grade and structural continuity of the previously reported ultra high-grade intercept.

Hole Bo_RC_20/25 targeted the central SHB corridor and successfully intersected thick, well-developed mineralization consistent with the interpreted feeder geometry of the 2024 model.

Hole Bo_RC_29/25, positioned farther northwest, extended mineralization along the dip direction, linking the current resource envelope with the recently identified NW expansion zone.

Together, these holes define a continuous, steeply dipping, high-grade backbone that remains open both along strike and at depth – an important step toward the forthcoming MRE update (Q4 2025) and Preliminary Economic Assessment (PEA, Q1 2026).

Drill Program Progress

To date, 4,210 metres of drilling have been completed from the initially planned 5,625-metre Phase 1 campaign. The program focus was:

• Expanding and upgrading the current NI 43-101 Mineral Resource Estimate (MRE), expected in Q4 2025.
• Supporting a robust Preliminary Economic Assessment (PEA).
• Advancing data integration for mine design and the ongoing EIA review.

Next Steps

The Phase 1 drilling campaign and final assay results are now complete. Step-out holes successfully tested both the western and northern extensions of the Santa Helena Breccia, while infill drilling refined the core resource model. These results will continue to inform the forthcoming updated Mineral Resource Estimate (MRE) and subsequent economic studies.

Table 1 – Drill hole Collar Locations and Status

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/274009_acmtable1.jpg

Table 2 – Current Campaign Interval Highlights Update

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/274009_1f456d0b444a4b5a_002full.jpg

Figure 1 – Drill collar plan showing planned holes for the completed 4,210 m RC campaign at the Borralha Project. The red outline delineates the main mineralized breccia zone.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/274009_1f456d0b444a4b5a_003full.jpg

Figure 2 – Geological Cross-Section for hole Bo_RC_27/25.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/274009_1f456d0b444a4b5a_004full.jpg

Sampling, QA/QC and Analytical Notes

Drilling was carried out using a reverse-circulation (RC) rig equipped with a rotary splitter integral to the cyclone to ensure representative sampling. Samples were collected at 2.0 m intervals, yielding approximately 4-6 kg per primary sample. Each sample bag was pre-labeled with a unique sequence ID corresponding to the down-hole interval and to its associated reject sample.

Certified Reference Materials (CRMs), coarse blanks, and field duplicates were inserted into the sample stream at a combined frequency of 10 % (5 % CRMs, 3 % blanks, 2 % duplicates). The sequence of QA/QC samples was randomized to avoid bias.

All samples were sealed at the drill site and transported by company personnel to the Borralha logging facility for secure storage prior to shipment. Sample batches were dispatched by courier directly to ALS Seville (Spain), an ISO/IEC 17025-accredited preparation laboratory. At ALS Seville, samples were crushed to 70 % passing 2 mm, riffle-split to ~250 g, and pulverized to 85 % passing 75 µm using hardened steel.

Pulverized pulps were analyzed at ALS Loughrea (Ireland) using the ME-MS81 (lithium-borate fusion with ICP-MS finish) multi-element method; over-limit tungsten results (> 1 % WO₃) were re-assayed by W-XRF15b (lithium-borate fusion with XRF finish).

QA/QC results are reviewed on a batch-by-batch basis. All CRMs and blanks for the batches reported herein returned values within acceptable control limits, and field duplicates showed strong reproducibility. No issues were identified that would materially affect the accuracy or reliability of the data.

The primary disclosure in this news release refers to down-hole length and grade; true widths are estimated where possible based on current geological interpretation.

To the best of the Company’s knowledge, no drilling, sampling, recovery, or other factors have been identified that would materially affect the accuracy or reliability of the data referenced herein.

Qualified Person

The scientific and technical information contained in this release has been reviewed and approved by Mr. Vítor Arezes, BSc, MIMMM (QMR), Vice-President Exploration of Allied Critical Metals, a Qualified Person under NI 43-101. Mr. Arezes is not independent of the Company as he is an officer of Allied Critical Metals Inc.

About the Borralha Tungsten Project

Allied’s Borralha Tungsten Project is one of the largest and most historically significant past-producing tungsten operations in Western Europe. Located in northern Portugal, Borralha was once the second-largest tungsten mine in the country and supplied strategic materials to European and Allied industries during the 20th century, including both World Wars and the Cold War period.

Today, the project is undergoing a modern revitalization based on a combination of scale, grade, metallurgy, and jurisdictional strength. Mineralization is dominated by coarse-grained wolframite, which is highly desirable in global markets due to its favorable processing characteristics and higher recoveries compared to scheelite-bearing deposits.

Borralha benefits from existing infrastructure, shallow mineralization, and a simple processing route, making it one of the most advanced tungsten development projects in the European Union. These attributes are particularly important in the context of the EU Critical Raw Materials Act (2024/1252) and NATO strategic autonomy initiatives, both of which explicitly identify tungsten as a defense-critical raw material subject to severe supply risk.

With the EU currently dependent on over 80% of its tungsten imports from China, Borralha represents a rare and strategic opportunity to develop a secure, domestic, and NATO-aligned supply source. As Allied continues to advance drilling, resource expansion, and economic studies, Borralha is poised to play a central role in reshaping Europe’s tungsten landscape-supporting both decarbonization technologies and defense-industrial resilience.

About Allied Critical Metals Inc.

Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal with advantageous wolframite tungsten mineralization. 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 over 87% of the total global supply and reserves. Tungsten is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

ON BEHALF OF THE BOARD OF DIRECTORS
‘Roy Bonnell’

Roy Bonnell
CEO and Director

Also visit us at:

LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc/
X: https://x.com/@alliedcritical/
Facebook: https://www.facebook.com/alliedcriticalmetalscorp/
Instagram: https://www.instagram.com/alliedcriticalmetals/

The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274009

This post appeared first on investingnews.com