Almonty Selected for 2025 TSX30 in Recognition of Growth and Strategic Progress

Almonty Selected for 2025 TSX30 in Recognition of Growth and Strategic Progress

Almonty Industries Inc. (" Almonty " or the " Company ") (NASDAQ: ALM) (TSX: AII,OTC:ALMTD) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten critical to the U.S. defense and technology sectors, today announced that it has been included in the 2025 TSX30 TM , Toronto Stock Exchange's flagship ranking of the top 30 performing TSX-listed stocks over a three-year period, based on dividend-adjusted share price appreciation.

The TSX30 TM recognition reflects Almonty's sustained growth trajectory, driven by its successful US$90 million Nasdaq IPO and subsequent redomiciling to the United States, along with continued progress at its Sangdong Mine in South Korea. The Company's inclusion underscores its emerging role as one of the most important Western producers of tungsten, uniquely positioned to support the U.S. defense sector while advancing national security priorities and creating long-term value for shareholders.

During the current year, Almonty's achievements have included securing a strategic offtake agreement with SeAH Group, the Korean steel giant and SpaceX contractor, covering 100 % of future molybdenum production from the Sangdong Molybdenum Project at a hard floor price of US$19.00 per pound.

The Company received a formal recognition letter from the U.S. House Select Committee on the strategic competition between the United States and the Chinese Communist Party, affirming its critical role in bolstering U.S. critical minerals supply chains, and strengthened its positioning through participation in DARPA's Critical Minerals Forum. With escalating demand from the defense sector and strong investor support, Almonty has reinforced its emergence as a leading Western producer of tungsten.

Lewis Black, Chief Executive Officer of Almonty, commented: "We are honored to be included among this year's TSX30 TM leaders this recognition speaks volumes about the dedication of our team, the quality of our assets, and the strength of our strategic vision. As we evolve into a leading vertically integrated Western tungsten producer, it's especially gratifying given our growing importance in national security and defense supply chains.

"Shareholders have already begun to recognize the intrinsic value of our Sangdong Project and broader strategy - but this honor underscores that our story is just beginning. With first production from Sangdong on the horizon, and our positioning as one of the only Western-scale suppliers of tungsten critical to munitions and advanced defense technologies, we believe Almonty is on a clear path to further emerge as a trusted supplier to the U.S. defense industrial base. Looking ahead, our planned vertical integration into downstream oxide production further enhances our ability to serve allied supply chains with reliability and scale. We look forward to delivering long-term, sustainable value through disciplined execution and by reinforcing our commitment to supporting allied supply chain resilience," concluded Black.

About Almonty

Almonty (NASDAQ: ALM) (TSX: AII,OTC:ALMTD) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty's flagship Sangdong mine in South Korea, historically one of the world's largest and highest-grade tungsten deposits, is expected to supply over 80% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit https://almonty.com .

Legal Notice

The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws.

All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as "plan", "development", "growth", "continued", "intentions", "expectations", "emerging", "evolving", "strategy", "opportunities", "anticipated", "trends", "potential", "outlook", "ability", "additional", "on track", "prospects", "viability", "estimated", "reaches", "enhancing", "strengthen", "target", "believes", "next steps" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the Company's redomiciling initiatives and the anticipated economic performance of the Sangdong mine.

Forward-looking statements are also subject to risks and uncertainties facing the Company's business including, without limitation, the ability to retain members of Almonty's management team; relationships with customers, suppliers, employees and other business counterparties; and other events that could adversely impact the completion of the Offering, including industry or economic conditions outside of Almonty's control. Any of these risks could have a material adverse effect on the Company's business, financial condition, results of operations and growth prospects. Readers should consider reviewing the detailed risk discussion in the Company's Registration Statement, the most recent Management Discussion and Analysis for the three and six months ended June 30, 2025 filed on SEDAR+, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations

Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary.

Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD- LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Company Contact:
Lewis Black
Chairman, President and CEO
(647) 438-9766
info@almonty.com

Investor Relations Contact:
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
ALM@mzroup.us
www.mzgroup.us

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Almonty Industries Inc.

Almonty Industries Inc.

Almonty Industries Inc. is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain (the 'Los Santos Mine'), the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal (the 'Panasqueira Mine'), the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain in the province of Zamora (the 'Valtreixal Mine'), as well as the evaluation and expected re-opening of its Sangdong tungsten mine project located in Gangwon Province, Republic of Korea (the 'Sangdong Mine').

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Allied Critical Metals Expands High Grade Footprint at Borralha Tungsten Project

Allied Critical Metals Expands High Grade Footprint at Borralha Tungsten Project

New Step-Out and Infill Results Build Confidence in Resource Growth and Model Robustness

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 report assay results from two additional Reverse Circulation (RC) drill holes - Bo_RC_21 and Bo_RC_26 - from its ongoing 5,000-metre campaign at the 100%-owned Borralha Tungsten Project in northern Portugal.

These latest results continue to demonstrate the scale and continuity of mineralization at the Santa Helena Breccia (SHB), with intercepts that support both lateral expansion and model refinement.

Highlights:

Bo_RC_21: This drill hole is a west step-out at the North edge of the St. Helena Breccia that confirms continuity of the recently discovered north-dipping lode outside the current MRE envelope, upgrading this area to a large coherent mineralized "in section" corridor with more than 100 m width.

  • 42.0m at 0.19% WO3 (from 256.0 m to 298.0 m), including:
    • 24.0m at 0.28% WO3 (from 256.0 m to 280.0 m)
    • 18.0m at 0.34% WO3 (from 256.0 m to 274.0 m)
    • 8.0m at 0.40% WO3 (from 266.0 m to 274.0 m)
    • 4.0m at 0.62% WO3 (from 266.0 m to 270.0 m)

Bo_RC_26: This drill hole is an infill hole targeting the north-central zone, enhancing confidence in the resource model and suggesting western expansion potential.

  • 26.0m at 0.24% WO3 (from 140.0 m to 166.0 m), including:
    • 12.0m at 0.38% WO3 (from 140.0 m to 152.0 m)
    • 2.0m at 2.02% WO3 (from 140.0 m to 142.0 m)

Drill Program Progress

To date, 3,721 metres of RC drilling have been completed out of the planned 5,728 metres, with multiple assay results already confirming thick mineralized zones and consistent grade distribution. The current campaign is designed to support:

  • The expansion of the Mineral Resource Estimate (MRE), expected in Q4 2025.
  • The development of a robust Preliminary Economic Assessment (PEA).
  • The delineation of potential higher-grade corridors for future mine planning.

Roy Bonnell, CEO and Director of ACM, commented: "With each new intercept, we are seeing our understanding of Borralha evolve and strengthen. Bo_RC_21 confirms mineralization well beyond the current model, while Bo_RC_26 tightens the block model in a key zone. Together, these results support both immediate growth and long-term confidence in Borralha's development potential."

Table 1 - Drill Hole Collar Locations

ID Coordinates (WGS84) Az.(º) Dip .(º) PFD (m) DEPTH (m) Status
Bo_RC_14/25 585445 4611405 109 80 250 264.00 Press Released
Bo_RC_15/25 585347 4611368 109 70 300 255.00 Press Released
Bo_RC_16/25 585406 4611329 105 60 240 251.00 Assay ongoing
Bo_RC_17/25 585426 4611294 109 75 250 255.00 Press Released
Bo_RC_18/25 585461 4611431 109 75 300 241.00 Assay ongoing
Bo_RC_19/25 585470 4611493 109 82 350 248.00 Assay ongoing
Bo_RC_20/25 585541 4611519 109 70 350 237.00 Assay ongoing
Bo_RC_21/25 585481 4611557 109 85 400 370.00 Current Press Release
Bo_RC_22/25 585484 4611552 109 70 360 375.00 Press Released
Bo_RC_23/25 585514 4611588 109 80 - 45.00 Cancelled
Bo_RC_24/25 585514 4611588 0 90 - 42.00 Cancelled
Bo_RC_25/25 585434 4611406 0 90 300 291.00 Assay ongoing
Bo_RC_26/25 585586 4611449 289 60 400 278.00 Current Press Release
Bo_RC_27/25 585464 4611513 0 90 350 251.00 Assay ongoing
Bo_RC_28/25 585576 4611567 290 80 400 318.00 Assay ongoing
Bo_RC_29/25 585449 4611386 109 87 300 - Drilling ongoing
Bo_RC_30/25 585443 4611429 0 90 320 - Drilling ongoing

 

Table 2 - Current Campaign Interval Highlights Update

New ID From (m) To (m) DH length (m) [1] True Width Factor [1] True Width (m) [1] WO3 (%)
Bo_RC_14/25 52.0 64.0 12.0 tbd [2] - 4.27
inc. 52.0 58.0 6.0 " - 8.39
Bo_RC_15/25 164.0 166.0 2.0 0.88 1.8 0.97
Bo_RC_17/25 52.0 152.0 100.0 0.90 89.9 0.21
inc. 92.0 124.0 32.0 0.90 28.8 0.33
inc. 106.0 120.0 14.0 0.90 12.6 0.52
inc. 110.0 116.0 6.0 0.90 5.4 0.74
Bo_RC_21/25 256.0 298.0 42.0 tbd [2] unknown 0.19
inc. 256.0 280.0 24.0 " unknown 0.28
inc. 256.0 274.0 18.0 " unknown 0.34
inc. 266.0 274.0 8.0 " unknown 0.40
inc. 266.0 270.0 4.0 " unknown 0.62
Bo_RC_22/25 284.0 348.0 64.0 tbd [2] unknown 0.12
inc. 316.0 332.0 16.0 " unknown 0.21
Bo_RC_26/25 140.0 166.0 26.0 0.39 10.2 0.24
inc. 140.0 152.0 12.0 0.40 4.7 0.38
inc. 140.0 142.0 2.0 0.40 0.8 2.02

Notes: [1] Reported intervals are downhole lengths. Estimated true widths were calculated from hole orientation and the interpreted geometry of the mineralized corridors. Estimates may vary locally where geometry changes. Where intervals fall outside the resource block-model domains, true widths are not estimated and only downhole lengths are reported. [2] True widths are unknown, to be defined after further MRE update.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/11632/268354_73bff5a8941de85b_001.jpg
Figure 1 - Drill collar plan showing planned holes for the ongoing 5,728 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/11632/268354_73bff5a8941de85b_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/11632/268354_alliedcritical2_550.jpg

Figure 2 - Geological Cross-Section for hole Bo_RC_21/25.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/268354_alliedcritical2.jpg

Strategic Context

These results follow recently reported ultra-high-grade and extensive tungsten intercepts, including 12.0 m @ 4.27% WO₃ (Bo_RC_14/25), and 100.0 m @ 0.21% WO₃ (Bo_RC_17/25), confirming a significant system within the Santa Helena Breccia. Allied is working systematically to define both bulk-mineable zones and higher-grade corridors that can support future underground or hybrid extraction scenarios.

Next Steps

Drilling is ongoing, with further results expected in the coming weeks. Step-out holes are targeting both western and northern extensions of SHB, while infill drilling is refining the core resource model. Results will continue to inform the MRE and subsequent economic studies.

In light of the recent new discovery of the very high grade corridor at the west dip of the central area of the Breccia, the Company has adapted the current campaign towards confirming, and potentially expanding upon the recent very high grade intercepts.

Sampling, QA/QC and Analytical Notes

Drilling was completed using reverse-circulation (RC). All sample bags were pre-labelled with a unique internal sequence number used consistently for the assay sample and corresponding reject. Sampling was conducted on 2.0 m intervals for analytics. For each 2.0 m interval, two 1.0 m reject samples were also collected as representative splits. Splitting was performed at the rig via a rotary splitter integral to the RC cyclone.

Sampling followed pre-prepared sample lists that recorded downhole metreage, sequence, and the placement of Certified Reference Materials (CRMs) and field duplicates. CRMs were inserted at a rate of 1 in 20 samples (5%) and field duplicates at 1 in 20 samples (5%), arranged so that every 10th sample alternated between a CRM and a duplicate.

Analytical and reject samples were boxed at the drill site and transported by company personnel to the project core/logging facility. Analytical samples were stored on labelled pallets pending direct shipment to ALS's preparation laboratory in Seville, Spain. Pulps and rejects were subsequently stored securely in the project logging room.

At ALS Seville, samples were crushed to 70% passing 2 mm, riffle-split to ~250 g, and pulverized using hardened steel to 85% passing 75 μm. Pulps were shipped to ALS Loughrea (Ireland) for analysis. The primary analytical method was ME-MS81 (lithium borate fusion with ICP-MS finish). Base metals were also reported using ME-4ACD81 (four-acid digestion with ICP-MS finish). Over-limit tungsten results were re-assayed using W-XRF15b (lithium borate fusion with XRF). Analytical results were delivered directly by ALS to the Company via secure electronic transfer.

Primary disclosure remains the reported grade and interval length (and true width where known).

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 in this news release has been reviewed and approved by Mr. Vítor Arezes, BSc, MIMMM (QMR) (Membership Nº. 703197, Vice-President Exploration of Allied Critical Metals, who is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Arezes is not independent of Allied Critical Metals Inc. as he is an officer of the Company.

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.

Understanding Tungsten

To understand tungsten, it is critical to understand the difference between wolframite tungsten mineralization and scheelite tungsten mineralization. Scheelite often reports higher grades but is typically more costly and complex to process, requiring flotation methods with higher capital and operating expenditures and lower recoveries.i In contrast, wolframite can be processed more efficiently using gravity and magnetic separation, resulting in lower costs and higher recoveries, making lower grades economically viable in wolframite deposits. For example, a lower grade wolframite deposit can be more attractive than a slightly higher grade scheelite deposit.ii

It is also important to recognize that China, Russia, and North Korea control approximately 87% of the world's tungsten supply, using cheap labor and minimal environmental standards in authoritarian regimes.iii As a result, production costs and grades in these countries are not comparable to Western projects, which operate under higher labor, ESG, and energy cost structures. Evaluating projects outside these regions provides a realistic benchmark for what grades and intercepts are economically viable while supporting secure, NATO-aligned supply chains.

For Allied, this context is significant. Allied's operations in secure jurisdictions align with Western critical mineral needs, avoiding geopolitical risks associated with China and Russia while positioning the Company to benefit from growing tungsten demand across defense, aerospace, and electrification sectors. Allied's wolframite tungsten mineralization and secure location position it as a strategic and responsible tungsten exploration company, well placed to take advantage of a rising-demand market. iv

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 approximately 86% 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

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President, Corporate Development
Email: daveb@alliedcritical.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

Please visit our website at www.alliedcritical.com.

Also visit us at:
LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc
X: https://x.com/@alliedcritical/
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.

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