Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0) has announced assay results from four additional 2026 infill drill holes at the Santa Helena Breccia within its Borralha Tungsten Project in northern Portugal. The results include a highlight intercept of 15.8 metres grading 0.36% WO₃ and 25.6 metres grading 0.25% WO₃, reinforcing the geological model underpinning the project's preliminary economic assessment. Investors may be watching this release closely as the company advances Borralha toward feasibility-level studies while simultaneously exploring the newly discovered Venise Breccia.

Key Points

  • Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0)
  • Four 2026 infill drill holes at Santa Helena Breccia return broad tungsten mineralisation consistent with the current Mineral Resource model
  • Highlight intercepts include 15.8 metres at 0.36% WO₃ and 25.6 metres at 0.25% WO₃; previously reported Bo_13/26 returned 81.5 metres at 0.22% WO₃
  • Assays from Venise Breccia holes Bo_BV_02b and Bo_BV_04a are pending; second tranche of a US$25 million financing remains in progress

Santa Helena Breccia Drill Results Confirm Broad Tungsten Mineralisation

The four newly reported holes — Bo_14/26, Bo_16/26, Bo_18/26, and Bo_19/26 — intersected broad tungsten mineralisation containing narrower higher-grade internal zones, a geometry consistent with the bulk underground mining concept evaluated in the Borralha PEA. Bo_19/26 returned 63.4 metres grading 0.16% WO₃, including 15.8 metres at 0.36% WO₃. Bo_18/26 returned 43.4 metres at 0.17% WO₃, including 25.6 metres at 0.25% WO₃. Bo_16/26 returned 22.1 metres at 0.10% WO₃, and Bo_14/26 returned 7.9 metres at 0.22% WO₃, including 2.0 metres at 0.72% WO₃.

Technical Data to Feed Resource Conversion and Mine Planning at Borralha

The 2026 Santa Helena drilling campaign is designed to increase confidence in the current Mineral Resource Estimate, support resource conversion, and generate geotechnical and metallurgical data for feasibility-level studies. The release states that holes Bo_15/26 and Bo_17/26 were completed primarily for geotechnical and mine-planning purposes, while Bo_23/26 and Bo_26/26 have been completed with assays pending. New results will be incorporated into the company's geological database to further refine the Mineral Resource model as technical work advances, the company announced.

Venise Breccia Exploration Adds a District-Scale Growth Front

Approximately 400 metres northwest of Santa Helena, Allied is advancing exploration at the newly discovered Venise Breccia. The initial discovery hole Bo_BV_01b previously returned 13.0 metres grading 1.00% WO₃, including 3.0 metres at 4.15% WO₃. Drill hole Bo_BV_02b has been completed to approximately 775.9 metres and Bo_BV_04a to approximately 665.2 metres, with assays pending for both. The company noted that no economic analysis or Mineral Resource estimate has been completed for the Venise Breccia, and there is no assurance that further exploration will result in resource delineation.

US$15 Million Second Tranche Financing Continues to Progress

Allied disclosed that it is continuing to progress toward closing the second tranche of its US$25 million non-brokered private placement, which amounts to US$15 million in common shares priced at $2.05 per share, involving an existing strategic investor and a new strategic investor. The broader financing also includes a project financing facility of US$15 million. The company did not disclose a specific closing date for the second tranche in this announcement. The immediate share price impact was not clear from available public information.