Evergold Corp (TSX-V: EVER, WKN: A2PTHZ)

Evergold’s DEM Prospect in B.C. Returns High Grades of Antimony in Drilling, Within a Broad System Also Hosting Gold, Silver and Additional Critical Elements


Evergold Corp. (TSX-V: EVER, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to report assay results for two core holes (DEM24-04 and DEM24-05) completed on the DEM Mountain Zone near Fort St. James, B.C. in early October this year, in follow up to highly encouraging results from an initial 3-hole drill program (DEM23-01,02,03), carried out in fall 2023 (see news, January 15, 2024). The DEM Mountain Zone consists of a polymetallic sulphide-bearing vein and vein-breccia and related alteration system hosted within what is interpreted to be a zone of hornfels developed around an intrusive centre (see figures, below). The latest results, combined with those of the fall 2023 program, demonstrate a broad zone endowed locally with elevated precious and high-value critical elements, each locally exhibiting high grades at the level of individual half to two metre lengths in core samples, or consecutive samples, including values to highs of 8.37% antimony (DEM24-05), 29.5 g/t gold (DEM23-03), 182 g/t silver (DEM23-03), 0.12% cobalt (DEM23-03), 42 g/t tellurium (DEM23-03), 0.83% molybdenum (DEM23-02), 3.7 g/t rhenium (DEM23-02), and 0.32% tungsten (DEM23-01). In general, all of the higher-grade intervals are associated with, or encompassed by, an envelope of anomalous pathfinder elements and gold and silver. For example, an estimated true width 48 metres of 0.58 g/t gold and 11 g/t silver in DEM23-03, and 135 metres of 0.12 g/t Au from surface in DEM23-01.

Highlights, DEM Mountain Zone (Note: Drill results from 2023 core holes DEM23-01 and DEM23-02, which collared in the anomalous zone, coupled with gridded soil sample results, suggest that the DEM Mountain Zone approaches surface. Antimony is presently valued at approximately $US33,000 per tonne, or roughly 3.5 times the value of copper. See comments below.)

  • High-grade antimony: The DEM Mountain Zone delivers the highest grades of antimony seen in actual drilling from any Canadian mineral prospect in recent years. This includes individual core assay highs to 8.37% antimony over 0.50 metre within 40 metres of 0.42% antimony in DEM24-05, including 3.60% antimony over 2.5 metres (see core photos, below). Note: the industry generally considers “substantially elevated” grades of antimony mineralization as containing greater than 0.40% antimony and cut-offs for extraction purposes may be as low as 0.1% antimony.
  • High-grade antimony with elevated silver, and some gold: 1.67% antimony (not previously reported) with 182 g/t silver and 2.89 g/t gold over half a metre in DEM23-03 (core photos, below).
  • High-grade gold, with some antimony, cobalt and high-grade tellurium: 29.5 g/t gold and 22 g/t silver with 0.09% antimony, 0.12% cobalt, and 41.5 g/t tellurium over half a metre in DEM23-03 (core photos, below).
  • A broad zone: The DEM Mountain Zone, as defined by visible alteration and the persistence, sample-to-sample within the zone of highly elevated values of its various defining elements - particularly manganese and arsenic - is broad in the two directions Evergold has intersected it from to date – i.e. an estimated 48 metres true width from 303 to 351.2 metres in west azimuth hole DEM23-03, and an estimated 40 metres (true width unknown) from 344 to 384 metres in south drilling hole DEM24-05.
  • Rich in high-value elements: The DEM Mountain Zone carries an impressive array of high-value elements: system pathfinder elements manganese and arsenic; precious metals gold and silver; and critical mineral elements antimony, zinc, copper, cobalt, tellurium, molybdenum, rhenium and tungsten.
  • Local higher-to-high grades of all the above elements: The foregoing elements have been shown to be strongly elevated to high-grade at the level of individual samples or consecutive samples, including antimony to sample highs of 3.6% Sb over 2.5 metres including 8.4% Sb over half a metre in DEM24-05, tellurium to highs of 42.0 g/t Te over half a metre in DEM23-03, cobalt to sample highs of 0.12% over half a metre in DEM23-03, molybdenum to highs of 0.82% Mo over 1 metre in DEM23-02, rhenium to highs of 3.7 g/t Re over 1 metre in DEM23-02, and tungsten to highs of 0.32% W over 1 metre in DEM23-01.

“Antimony has emerged as a focus for speculative interest this year, because of its outsize role in various technology and military applications, and supply shortages precipitated by China’s banning of exports, including those to the U.S. just last week,” said Kevin Keough, President and CEO. “A number of junior explorers have been attempting to capitalize on this interest by touting property acquisitions and high values of antimony in grab samples. However, our results are, to the best of our knowledge, the only antimony-rich drill results delivered year-to-date in Canada. At the DEM Mountain Zone we have drilled genuinely high-grade antimony over metre+ widths within much larger envelopes, with associated gold and silver credits – and locally, high-grade gold and a number of other high-value elements – all of them in the same system, though not always in the same samples. I am therefore confident that, as the drill density is brought up within this system, and exploration expands beyond the relatively small magnetic low associated with the DEM Mountain Zone into areas below and adjacent to these early intersections, including the large magnetic lows adjacent to the west, we will see the DEM project evolve in a direction that rewards shareholders.”

Discussion of Drill Results (refer to figures and photos below)

Drilling to date (three holes for 947 metres in 2023, and two holes for 654 metres in 2024) at the DEM prospect has focused only on that small part of the 4 km2 DEM prospect area that underlies the topographic and (overall) magnetic highs of DEM Mountain. DEM Mountain is surrounded by the generally much lower elevations of the DEM Lowlands (see Figures 1 and 4 below, and DEM Mountain fly-over videos on Evergold’s home page at www.evergoldcorp.ca) which include several low-relief knolls trending off from DEM Mountain to the west, coincident with a roughly donut-shaped arc of underlying magnetically positive anomalies. DEM Mountain and these knolls are now interpreted to be part of the topographically higher elevation, relatively well exposed hornfelsed and (generally) magnetically positive alteration halo possibly surrounding a topographically lower and glacial till-covered intrusion, or intrusions, principally underlying the DEM Lowlands, and identified in part by magnetic lows; the lows also exhibit locally high IP chargeability and low resistivity.

DEM24-05 was drilled due south (azimuth 180 degrees) at an inclination of minus 65 degrees to a downhole depth of 393 metres, from a pad located 100 metres due west of DEM24-04. The hole was designed to target the broad mineralized volume intercepted between 303 and 351.2 metres in DEM23-03. At 230 metres downhole the hole came in above the zone intersected in DEM23-03, approached to within several tens of metres of it, before intersecting a deeper zone of strongly elevated manganese and antimony to the south, between 344 and 384 metres downhole. Within that zone, exceptional highs of 3.6% Sb over 2.5 metres were achieved between 360 and 362.5 metres.

DEM24-04 was drilled due west (azimuth 270 degrees) at an inclination of minus 50 degrees to a downhole depth of 261 metres from a pad located 100 metres north and 100 metres west of the site of DEM23-03, and roughly 100 metres south and 200 metres east of the collars for DEM23-01 and DEM23-02. This relatively shallow angle hole was designed to undercut a strong north-south trending soil geochemical anomaly which, further to the northwest at the site of last season’s DEM23-01 & 02, delivered a long intercept from surface of anomalous gold - i.e. 135 metres of 0.12 g/t Au and 2 g/t Ag from 6 to 141 metres, including a higher-grade interval running 0.32% tungsten with 155 g/t silver and 5 ppm tellurium, from 131 to 132 metres. However, only disappointingly low silver and gold values were returned from DEM24-04. We speculate that this part of the DEM Mountain Zone may be slightly deeper in this area, and perhaps trending more toward the north-northeast.

Mineralization of the DEM Mountain Zone

The DEM Mountain Zone consists of variably calcareous fine-grained sedimentary rocks, principally interbedded sandstone and siltstone, cut locally by north-trending metre-scale porphyritic dykes, with the host rocks cut by variably sulphide-bearing veinlets and veins, very locally of semi-massive to massive character, and commonly associated with disseminated sulphides. Sulphide minerals observed in core include arsenopyrite, pyrite, pyrrhotite, stibnite, sphalerite, galena, chalcopyrite, and molybdenite. Sulphosalts are also observed locally. High-grade precious metals, antimony, and tellurium, along with attendant cobalt, zinc, and lead values are localized to the best developed parts of the vein systems, particularly the massive sulphide sections, whereas the molybdenum, although present at elevated levels generally throughout the vein system, achieves high grades within a single narrow porphyritic intrusive (dyke) intercepted from 299 to 301 metres in DEM23-02, where it is accompanied by high-grade rhenium as well as gold, silver and the suite of elements characterizing other parts of the DEM mineralizing system. Very speculatively, the dyke may represent an apophysis from a larger body of porphyry-style mineralization nearby, although most dykes intercepted in the drilling appear to be unmineralized.

About Antimony

One of antimony’s primary uses (accounting for about 50% of consumption) is in the form of antimony trioxide in flame retardants for plastics, rubber, textiles, paper and paints, whereas antimony trisulfide is used in the production of explosives, pigments and antimony salts. It can also be used for producing semiconductors, infrared detectors and diodes. Because of its relative inflexibility, it is usually mixed into alloys for further applications in the manufacture of lead storage batteries, solder, sheet and pipe metal, bearings, castings etc. The latest new technology to utilize the metal is antimony molten salt batteries for mass storage. However, the relatively new use of antimony in the form of sodium antimonate as a clarifying agent in photovoltaic (PV) glass, which improves the efficiency of solar panels, is expected to surpass its use in flame-retardants in the very near future.

According to the United States Geological Survey, total global antimony mine production in 2023 was approximately 83,000 tonnes, with China producing more than 40,000 tonnes, or 48% of the total, followed by Tajikistan at 21,000 tonnes (26%), Turkey at 6,000 tonnes (7.2%), Myanmar at 4,600 tonnes (5.5%), Russia at 4,300 tonnes (5.2%), Bolivia at 3,000 tonnes (3.6%), and Australia at 2,300 tonnes (2.8%), with various other countries making up the remainder. China’s mine production has fallen significantly in recent years due to depleting mine reserves, problems with maintaining product quality, and tighter environmental protection regulations. On September 15 this year, China implemented export restrictions on antimony and related products including ore, ingots, oxides, chemicals and smelting and separation technology. This was followed, on December 3, 2024, by an outright banning of all exports of antimony to the U.S.. Elsewhere, internal conflict in Myanmar has led to limited and unreliable supplies coming out of southeast Asia, and Russian supplies to the West have been eliminated due to sanctions imposed following their invasion of Ukraine. These negative supply shocks drive home the importance of securing reliable sources of antimony, and other critical elements.

In consequence of the reduction in supplies, antimony prices have soared in 2024 from around $US12,000 a tonne at the beginning of the year, to $US33,000 presently, or almost 4 times the current value of copper per tonne.

In recognition of the importance of antimony to a wide range of industrial and military applications, the high degree of control exerted over world production by a limited number of authoritarian states, and the decline of supplies from those states, antimony has become one of the few metals to be registered as critical in the rankings of all countries in the West: i.e. the US, EU, Canada, Japan, UK and Australia.

Table 1 – Significant Assay Results for Diamond Core Holes DEM24-04 and 05. Note: Both DEM24-04 and 05 were sampled top to bottom. All widths reported are drilled core lengths. Due to the low density of drilling to date, true widths for the intercepts in both DEM24-04 and 05 cannot presently be determined. However, data gathered from 2023 drill hole DEM23-03 suggests zone width may approximate 50 metres, although this estimate may change with the acquisition of additional data. Core diameter is 47.6 mm (NQ). Manganese and arsenic values have been determined to be the key indicators of system presence.

2024 Hole IDFrom
(m)
To
(m)
Width
(m)
Au
(g/t)1
Ag
(g/t)2
Sb
(%)1
DEM23-04 (fully sampled) – no significant assays (hole drilled above the zone?)
DEM23-05 (fully sampled) – strong intercept
303.00306.003.000.70140.03
Including303.50304.000.502.19500.11
Zone intercept – first occurrence of
high-grade antimony to last
344.00384.0040.000.1020.42
Including344.00345.001.000.1870.74
And Including350.00351.001.000.6330.03
And Including354.00356.002.000.80100.09
Including355.00356.001.000.98170.07
And Including358.00364.006.000.1021.63
Including360.00362.502.500.0613.60
Including361.00361.500.500.0428.37
And Including366.00368.002.000.0620.37
And Including372.00374.152.150.0410.52
And Including377.00382.405.400.0310.67
Including379.00380.001.000.0312.42

Notes: 1. Values rounded to two decimals. 2. Values rounded to no decimals.

Figure 1 - DEM prospect perspective view of terrain looking north, showing postulated central intrusion, its encompassing alteration halo, and the location of drilling to date on the heights of DEM Mountain

Figure 2 - DEM prospect showing the postulated central intrusion, its encompassing alteration halo, and the location of drilling to date, on the first vertical derivative magnetics

Figure 3 - DEM prospect schematic section view looking north, showing the postulated central intrusion or intrusions(?), with encompassing hornfels and/or alteration halo, and the location of drilling to date on the heights of DEM Mountain

Figure 4: DEM drilling on geology showing the targeted local magnetic low on the heights of DEM Mountain, and the considerably larger magnetic low immediately adjacent to the west

Figure 5 – Drillhole DEM24-05 section, viewed west

Photos 1 to 3 below: Core samples of antimony-rich vein-breccia showing darker grey, angular fragments of fine-grained sedimentary rock surrounded by paler grey stibnite (antimony sulphide) and white to very pale grey quartz-carbonate veining exhibiting drusy textures and local open space. The mineralization is significant, with abundant stibnite as breccia infill as well as clots and patches marginal to veins. Minor pyrite is also visible as clots within the host rock. The quartz-carbonate veins crosscut the sulphide vein breccia, suggesting that a multiphase high-level hydrothermal event occurred along an active structure - this combination was also evident in the better-mineralized intervals intersected in the 2023 drilling at Dem Mountain (see photos 4 and 5).

Photo 1: Antimony-rich core, 361 metres, DEM24-05

Photo 2: Antimony-rich core, 360.5 metres, DEM24-05

Photo 3: Antimony-rich core, 361 metres, DEM24-05

Photo 4 - High-grade gold (29.5 g/t), cobalt (0.11%), tellurium (42 g/t), with silver (22 g/t) and copper (0.19%) 340-340.50 metres, DEM23-03

Photo 5 - High-grade molybdenum (0.82%) with strong gold (1.2 g/t), silver (8 g/t), rhenium (3.66 g/t), 299 to 300 metres, DEM23-02

About the DEM Project

The 12,728-hectare DEM property is ideally located in moderate terrain only 40 kms northwest of Fort St. James in central B.C.. The project area lies toward the south end of the Nation Lakes porphyry camp and within the Quesnel terrane, the latter of which hosts large deposits and long-life mines including the Mount Milligan mine (50 kms to the northeast of DEM) and Lorraine deposit and, farther south, the Mt. Polley, Afton, Copper Mountain, and Brenda mines, in addition to the Highland Valley mines and deposits.

Located central to the DEM property is the DEM prospect, a roughly 4km2 target area defined by alteration and mineralogy suggestive of the presence of a porphyry system, by a multi-element soil geochemical signature, by compelling high-relief magnetic, IP-chargeability and CSAMT resistivity anomalies, and by the presence of nearby regional scale structures. Extensive logging in the area and associated forest service roads provide drive-on access directly to the DEM prospect.

A reconnaissance drill program (3 holes for 947 metres) carried out in October and November 2023 returned narrow intercepts of high-grade gold, silver and strategic metals (molybdenum, cobalt, tungsten, tellurium, rhenium) encompassed by a broad low-grade envelope, localized to a magnetic low within the high elevations of DEM Mountain (see news, January 15, 2024). Each of the three holes intercepted variably calcareous fine-grained sedimentary rocks cut locally by metre-scale porphyritic dykes, with the host rocks, and locally the dykes, cross-cut over core lengths of up to 50 metres by sulphide-bearing veinlets and veins, locally of semi-massive to massive character, along with associated disseminated sulphides. These intervals were also encompassed by broader halos of lower-intensity disseminated and sulphide-bearing veinlets and veins. Sulphide minerals observed in core included abundant disseminated and vein-hosted arsenopyrite, pyrite, and pyrrhotite, with lesser but significant sphalerite, galena, chalcopyrite, and molybdenite. Sulphosalts were also commonly observed.

Further details on the DEM prospect may be found on the Company’s website at www.evergoldcorp.ca/projects/dem-property/ and in a NI 43-101 technical report dated August 30, 2023, posted thereon and on the Company’s issuer profile at SEDAR+.

Qualified Person

Charles J. Greig, M.Sc., P.Geo., the Company’s Chief Exploration Officer and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this news release.

QA/QC

The company has a robust quality assurance/quality control program that includes the insertion of blanks, standards and duplicates. Samples of drill core are cut by a diamond-blade rock saw, with half of the cut core placed in individually sealed polyurethane bags and half placed back in the original core box for permanent storage. With the rare exception, sample lengths generally vary from a minimum 0.5-metre interval to a maximum 3.0-metre interval, with an average of 0.5 to 1.0 metres in heavily mineralized sections of core, where precise identification of the mineralogical source of metal values is important. Drill core samples are shipped by truck in sealed woven plastic bags to the ALS sample preparation facility in Langley, BC, and thereafter taken by ALS to their North Vancouver analytical laboratory. ALS operates according to the guidelines set out in International Organization for Standardization/International Electrotechnical Commission Guide 25. Gold is determined by fire assay fusion of a 50-gram subsample with atomic absorption spectroscopy (AAS). Samples that return values greater than 10 parts per million gold from fire assay and AAS (atomic absorption spectroscopy) are determined by using fire assay and a gravimetric finish. Various metals including silver, gold, copper, lead, antimony and zinc are analyzed by inductively coupled plasma (ICP) atomic emission spectroscopy, following multi-acid digestion. The elements copper, lead, antimony and zinc are determined by ore-grade assay for samples that return values greater than 10,000 ppm by ICP analysis. Silver is determined by ore-grade assay for samples that return greater than 100 ppm.

About Evergold

Evergold Corp. is a TSX-V listed mineral exploration company with projects in B.C. and Nevada. The Evergold team has a track record of success in the junior mining space, most recently the establishment of GT Gold Corp. in 2016 and the discovery of the Saddle South epithermal vein and Saddle North porphyry copper-gold deposits near Iskut B.C., sold to Newmont in 2021 for a fully diluted value of $456 million, representing a 1,136% (12.4 X) return on exploration outlays of $36.9 million.

For additional information, please contact:

Kevin M. Keough
President and CEO
Tel: (613) 622-1916
kevin.keough@evergoldcorp.ca
www.evergoldcorp.ca

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

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward- looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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West High Yield  Resources Ltd. Receives Draft Mining Permit for Its Magnesium/Silica Project

West High Yield Resources Ltd. Receives Draft Mining Permit for Its Magnesium/Silica Project

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") is very pleased to announce that it has received a draft permit from the British Columbia Ministry of Mining and Critical Minerals (the "Ministry") related to its mining operations at the Record Ridge Industrial Minerals Mine Critical Minerals project (the "Project").

The draft permit outlines the proposed conditions under which the Company may proceed with its planned extraction activities for the Project. West High Yield will conduct a comprehensive review of the draft, engaging its team of internal and external subject matter experts to evaluate the conditions and ensure all technical, environmental, and operational considerations are fully addressed.

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Allied Critical Metals Expands Santa Helena Breccia in Borralha with Long Tungsten Intercepts and Confirms High-Grade Trend

Allied Critical Metals Expands Santa Helena Breccia in Borralha with Long Tungsten Intercepts and Confirms High-Grade Trend

Highlights:

  • The latest drill results build on Bo_RC_14/25 drill hole (previously released as 12.0 metres @ 4.27% WO₃ from 252.0 metres, incl. 6.0 metres @ 8.39% WO₃ from 252.0 metres) and collectively suggests a larger and higher-grade Breccia complex than previously modeled.
  • Bo_RC_17/25 results included 100.0 metres @ 0.21% WO₃ from 52.0 metres, including
    • 32.0 metres @ 0.33% WO₃ (MF 10.6 m%) from 92.0 metres, including
    • 14.0 metres @ 0.52% WO₃ (MF 5.2 m%) from 106.0 metres, including
    • 6.0 metres @ 0.74% WO₃ (MF 4.4 m%) from 110.0 metres
      South infill drill hole confirms bulk-mineable medium-grade core with well-defined high-grade corridors.
  • Bo_RC_15/25 results included 2.0 metres @ 0.97% WO₃ from 164.0 metres
    South-west deep step-out drill hole with a high-grade intersection consistent with previously reported Bo_RC_14/25 drill hole.
  • Bo_RC_22/25 results included 64.0 metres @ 0.12% WO₃ from 284.0 metres, including
    • 16.0 metres @ 0.21% WO₃ from 316.0 metres
      New northern deep lode opens a new northern vector for resource growth.

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 additional significant assay results from its ongoing 4,200 metres reverse circulation (RC) drilling campaign at its Borralha Tungsten Project. The latest results from drill holes Bo_RC_1525, Bo_RC_1725, and Bo_RC_2225 extend mineralization both west and north of the previously announced Bo_RC_1425 high-grade intercept, reinforcing that the Santa Helena Breccia within the Borralha Project is emerging as a larger and higher-grade orebody than previously modeled. The Company will commence an additional fully funded 1,528 metre drilling in the fourth quarter of 2025 to build off the drilling success in July.

The results are especially timely as tungsten price has now reached a new high of U.S.$550/MTU, which is an increase of more than 40% over the past four months as demand for the critical mineral increases in the face of further supply chain restrictions from non-Western countries [Source: FastMarkets].

Roy Bonnell, CEO & Director of Allied, commented: "These thick, continuous intervals in the central-south and the new northern deep lode materially expand the working envelope at the Santa Helena Breccia in Borralha. Together with the previously reported ultra-high-grade intercept in Bo_RC_14/25, we see clear evidence of a system that is both bigger and better than we initially assumed. This is exactly the kind of data we want feeding into the upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA). Moreover, the results demonstrate the potential of Borralha as a key strategic, safe, and secure source of tungsten for Portugal, the EU and NATO."

João Barros, President & COO of Allied, stated: "Tungsten is recognized by the European Union as both a critical and strategic raw material under the CRMA. With Europe producing less than 3% of its annual needs and facing increasing Chinese export restrictions, the Borralha Project represents a vital opportunity to strengthen secure, Western-aligned supply chains. Our work directly supports the EU target of sourcing at least 10% of its critical raw materials domestically by 2030, while reinforcing Portugal's role as a key contributor to Europe's strategic independence. "

General (Ret.) James A. "Spider" Marks, Director of the Company's U.S. subsidiary, stated: "Expanding the mineral resource at the Borralha Project is an essential next step in path to fulfilling the immense need in Portugal, the EU, NATO and the United States for tungsten powders, concentrates and other byproducts. The U.S. and NATO defense military complexes are dependent on tungsten. Without domestic supply of tungsten, the Borralha Project becomes a very important piece to the critical mineral supply chains for the United States and NATO."

These latest drilling results are highly significant because they combine both scale and grade. The long intercepts at 0.21-0.33% WO₃ in Bo_RC_17/25 are particularly meaningful in wolframite systems. In addition, the drilling program is clearly growing the footprint of the Breccia complex. The Bo_RC_22/25 delineates a northern deep lode, while Bo_RC_15/25 ties the west-deep high-grade corridor back to the main body-both lines of evidence supporting a larger Santa Helena Breccia, the principal mineralized body at Borralha Project.

Table 1 - Drill Hole Collar Locations

Drill Hole ID Coordinates (WGS84) Az.(º) Dip.(º) PFD (m) DEPTH (m)
Bo_RC_14/25 585445 4611405 109 80 250 264.00
Bo_RC_15/25 585347 4611368 109 70 300 255.00
Bo_RC_16/25 585406 4611329 105 60 240 251.00
Bo_RC_17/25 585426 4611295 109 75 250 255.00
Bo_RC_18/25 585461 4611431 109 75 300 241.00
Bo_RC_19/25 585470 4611493 109 82 350 247.00
Bo_RC_21/25 585484 4611552 109 85 400 370.00
Bo_RC_22/25 585484 4611552 109 70 360 375.00
Bo_RC_26/25 585586 4611449 289 60 400 287.00

Table 2 - Drill Hole Interval Highlights

Drill Hole ID From (m) To (m) DH length (m) [1] True factor [1] True Width (m) [1] WO3 (%)
Bo_RC_14/25 52.0 64.0 12.0 tbd [2] - [2] 4.27
incl. 52.0 58.0 6.0 tbd [2] - [2] 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
incl. 92.0 124.0 32.0 0.90 28.8 0.33
incl. 106.0 120.0 14.0 0.90 12.6 0.52
incl. 110.0 116.0 6.0 0.90 5.4 0.74
Bo_RC_22/25 284.0 348.0 64.0 tbd [2] - [2] 0.12
incl. 316.0 332.0 16.0 tbd [2] - [2] 0.21

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.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/11632/265932_59740f4fd42498c1_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/11632/265932_59740f4fd42498c1_001full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/11632/265932_59740f4fd42498c1_002.jpg

Figure 2 – Geological Cross-Section for hole Bo_RC_17/25.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/265932_59740f4fd42498c1_002full.jpg

Geologic Interpretation

The geologic interpretation indicates that the Santa Helena Breccia is expanding: the combination of broad medium-grade intervals and discrete high-grade intercepts points to a larger, better-connected breccia body than previously modeled. Priority vectors for follow-up include the west-dip high-grade trend (Bo_RC_14/25 and Bo_RC_15/25) and the northern wider deep lode (Bo_RC_22/25), which will guide near-term drilling and feed the Q4 2025 MRE and subsequent PEA workstreams.

Next steps

Ongoing drilling continues to target west-deep and northern extensions while tightening spacing across the MRE backbone. Additional assays from completed holes will be released as received and validated. The program remains aligned with the timeline toward an updated MRE (Q4 2025) and PEA thereafter.

Technical Information and Quality Assurance/Quality Control (QA/QC)

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.

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.

Where reported, metal factor (m·%WO₃) is the product of interval length and grade and is provided as supplemental context only. Primary disclosure remains the reported grade and interval length (and true width where known).

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.

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 (0.3%-1.0% WO₃) but is more costly and complex to process, requiring flotation methods with higher capital and operating expenditures and lower recoveries.i In contrast, wolframite, which is the focus of Allied, can be processed more efficiently using gravity and magnetic separation, resulting in lower costs and higher recoveries, making lower grades (~0.15%-0.25% WO₃) economically viable in wolframite deposits. For example, a wolframite deposit with 0.4% WO₃ over 3 metres can be more profitable than a scheelite deposit with 0.7% WO₃ over the same interval due to lower processing costs and higher recovery rates.ii

In Western exploration drilling, tungsten grades typically range from 0.3% to 1.0% WO₃.iii The cut-off grade for economic viability is generally around 0.1% WO₃, with highly efficient operations able to mine at grades as low as 0.08% WO₃. Skarn deposits, a common deposit type, typically range from 0.34% to 1.4% WO₃, with intercepts of 0.4% WO₃ over 1-5 metres considered very good and 0.7% WO₃ over 1-3 metres considered very high-grade.iv Intercept lengths can range from 0.6 metres to over 100 metres, with longer intercepts at strong grades generally preferred for economic mining.

Published exploration results in Western jurisdictions demonstrate the standards for wolframite, with reported intercepts such as ~9-15 m @ 0.6-0.8% WO₃, ~18 m @ 1.0% WO₃, and typical intervals of 1-5 m @ 0.25-0.5% WO₃. A result like 0.5% WO₃ over 3 metres is generally considered strong within Western tungsten exploration benchmarks, especially for wolframite tungsten mineralization.v

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. vi 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. Wolframite tungsten grades, ranging from 0.2% to 1.0% WO₃ are strong global wolframite benchmark values. The Company's focus on wolframite ensures lower processing costs and higher recoveries, supporting project economics even at lower grades. 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 strong grades, low-cost processing advantages, and secure location position it as a strategic and responsible tungsten exploration company, well placed to support robust project economics in a rising-demand market. vii

*The results and intercepts referenced are drawn from publicly available disclosures of third-party mineral projects and are presented for industry benchmarking and comparison purposes only. Allied has no interests in those projects or entities.

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

ABOUT Allied Critical Metals

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.

Please also 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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According to a Financial Times report, Bahrain has agreed to sponsor Impossible Metals, a Silicon Valley startup that wants to mine a patchwork of zones in the Pacific Ocean spanning about 75,000 square kilometers.

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Allied Critical Metals Announces its Fall 2025 Marketing Schedule

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General (Ret.) James A. "Spider" Marks, director of the Company's U.S. subsidiary stated, "I am eager to see Allied continue to raise its profile and connect with its new and existing investors to help expedite Allied's business plan while securing a stable safe supply chain of tungsten for western countries. This is especially critical during this time of ever-increasing threats showcased in China's recent military parade and meeting of the leaders of China, Russia and North Korea. Now more than ever, western nations need to work together to secure stable supply chains of critical minerals such as tungsten."

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One holder of Warrants exercised an aggregate of 50,000 Warrants resulting in the issuance of 50,000 common shares of the Company. The specific Warrants held and exercised by the one warrantholder were exercisable at a price of CAD$0.30 per Warrant, resulting in proceeds to the Company in the amount of CAD$15,000.00 upon such exercise.

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Allied Critical Metals Intersects 12 Metres of 4.27% Tungsten  Incl. 6 Metres of 8.39% Tungsten  at Its 100% Owned Borralha Tungsten Project in Northern Portugal

Allied Critical Metals Intersects 12 Metres of 4.27% Tungsten Incl. 6 Metres of 8.39% Tungsten at Its 100% Owned Borralha Tungsten Project in Northern Portugal

Highlights:

  • Drill hole Bo_RC_14/25 intersects 12.0 metres @ 4.27% WO3 including 6.0 metres @ 8.39% WO3 from 252.00 metres downhole, confirming one of the highest-grade tungsten intercepts reported in Western exploration, especially for high quality wolframite tungsten mineralization. This validates early visual observations and supports the presence of a controlled high-grade breccia corridor.
  • Over 2,500 metres of drilling completed across nine holes, with multiple intercepts of visible wolframite and chalcopyrite. The remaining 1,600 metres of the 4,200 metre campaign now underway with a further fully funded 1,528 metres now also planned with two rigs active on site.
  • Tungsten price reaches high of $545 USD/MTU, up approximately 40% in last 4 months as demand for the critical mineral increases with further supply chain restrictions from non-Western countries.

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 an update on its ongoing 4,200-metre Reverse Circulation (RC) drill program at the Borralha Tungsten Project. The initial phase of the campaign was launched in early June 2025 and continues to deliver strong technical progress, supporting: (i) an updated Mineral Resource Estimate (MRE), anticipated in Q4 2025; (ii) advanced metallurgical testing; and (iii) the Company's Preliminary Economic Assessment (PEA) for a large scale processing facility located at Borralha, targeted for completion later this year. A further fully funded 1,528 metre drilling is now also planned for the fourth quarter of 2025 to build off of the successes in July.

High-grade results from drill hole Bo_RC_14/25 marks a breakthrough for the Borralha Project, with further drilling and a Preliminary Economic Assessment already underway. The results are particularly timely as tungsten price has reached a new high of $545 USD/MTU, which is an increase of approximately 40% over the past four months as demand for the critical mineral increases in the face of further supply chain restrictions from non-Western countries [Source: FastMarkets].

Roy Bonnell, CEO & Director of Allied, commented, "These initial assay results are a major step forward for the Borralha Project and a clear validation of our geological model. The exceptional tungsten grades intersected in Bo_RC_14/25 place Borralha among the most exciting undeveloped critical mineral assets in Europe. As we advance toward the Mineral Resource update and Preliminary Economic Assessment, these results strengthen our confidence in Borralha's potential to become a cornerstone of Western countries' strategic raw material supply."

As of July 30, 2025, Allied had completed approximately 2,500 metres of drilling across nine drill holes. Drilling operations were temporarily paused during August in compliance with seasonal fire safety restrictions and successfully resumed on September 1, 2025. The program continues to advance towards its objectives, with a clear focus on three key technical priorities:

  • Expanding and upgrading the existing tungsten resource in accordance with National Instrument 43-101-Standards of Disclosure for Mineral Projects ("NI 43-101"), with emphasis on increasing tonnage and converting Inferred Resources to Indicated Resources classification; and

  • Collecting representative material for metallurgical testing, to validate marketable concentrate grades at 65% WO₃.

Overview of Drilling to Date:

  • Drill hole Bo_RC_14/25 confirmed the presence of high-grade tungsten mineralization, with visual observations of massive wolframite supporting the interpretation of a potentially enriched corridor within the breccia-hosted system.

  • Drill hole Bo_RC_15/25 aimed to access the west deep step-out potential at the south area of the breccia. Visual inspection confirmed the presence of breccia together with evidence of wolframite. Assays of this drill hole are ongoing.

  • Drill holes Bo_RC_16/25 and Bo_RC_17/25 are infill drillholes to increase the Resource resolution and knowledge of the interchange between the large bulkable medium grade central backbone of the south area of the breccia, into the medium size high-grade corridors deeper to west. As expected, breccia with visible mineralization was visible, and the pending assays results will provide proper interpretation.

  • Drill holes Bo_RC_18/25 , Bo_RC_19/25 and Bo_RC_26/25 are infill drillholes at the central and lower grade area of the Breccia. Here the goal was to improve the Resource model resolution and grade at this section. Some visible mineralization was identified, but the pending assays are necessary to confirm the potential upgrade.

  • Drill holes Bo_RC_21/25 and Bo_RC_22/25 are drillholes meant to step-out the previous discovery of a potential new high-grade large corridor at the Bo_RC_11/24 drill hole that has no resources due to lack of composites pairs. Both drillholes encountered continuous breccia and multiple zones with visible sulphides and polymetallic indicators, including wolframite and chalcopyrite, reinforcing the continuity and depth of the mineralized system. Pending assays will confirm if a new economical vector for considerable Resource expansion is present at the north deep area of the breccia.

Table 1 – Collar locations

New ID Coordinates (WGS84) Az.(º) Dip .(º) DEPTH (m)
Bo_RC_14/25 585445 4611405 109 80 265.00
Bo_RC_15/25 585347 4611368 109 70 255.00
Bo_RC_16/25 585406 4611329 105 60 251.00
Bo_RC_17/25 585426 4611295 109 75 237.00
Bo_RC_18/25 585461 4611431 109 75 241.00
Bo_RC_19/25 585470 4611493 109 82 247.00
Bo_RC_21/25 585484 4611552 109 85 370.00
Bo_RC_22/25 585484 4611552 109 70 375.00
Bo_RC_26/25 585586 4611449 289 60 287.00

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/11632/265023_a4b3ded4f486c9d6_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/11632/265023_a4b3ded4f486c9d6_001full.jpg

All samples from the nine completed drill holes have been dispatched to ALS Laboratories in Seville for geochemical analysis, with initial assay results now beginning to return. The first results received from hole Bo_RC_14/25 confirm the presence of tungsten mineralization, consistent with earlier visual observations. Additional assay results from the remaining holes are expected over the coming weeks.

Building on Visual Confidence with Excellent Drill Results

The early stages of the 2025 RC drill campaign at Borralha Project were marked by highly encouraging visual intercepts across several holes. With the arrival of the first assays, that confidence has now been materially validated. Initial data confirms not only the continuity of breccia-hosted mineralization but also suggests that the Borralha Project hosts very high-grade tungsten intercepts as described below.

The results from the Bo_RC_14/25 drill hole represents a major technical milestone for Allied. The grade and length of the intercept reinforce the Company's position that the Borralha Project is one of Europe's most strategically important undeveloped tungsten assets. These assays will feed directly into the upcoming Mineral Resource Estimate (MRE) and Pre-Economic Assessment (PEA), both of which are expected to underpin Allied's near-term development plans.

Assay Highlights from Bo_RC_14/25 include, from 252.00m downhole:

  • 12.0 m @ 4.27% WO₃*, including

  • 6.0 m @ 8.39% WO₃*

*WO3 Tungsten trioxide % converted from W ppm multiplied by 1.2611 stoichiometric factor. W ppm results are from ALS Laboratories analytical method ME-MS81. For the ME-MS81 above detection limit of >10,000 ppm assays, ME-XRF15c is used.

A geological cross section for hole Bo_RC_14/25 is presented below, illustrating the location of the high-grade intercept within the broader breccia-hosted mineralized zone. The section highlights the continuity of the tungsten-bearing structures, the correlation with visual observations, and the potential for further extensions at depth and along strike.

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Figure 2 - Geological Cross-Section for hole Bo_RC_14/25.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11632/265023_a4b3ded4f486c9d6_002full.jpg

Technical Information and Quality Control / Quality Assurance

Drillholes were all conducted with RC diamond bit drilling. All sample bags were pre-marked prior to drilling. They were each identified with an internal sequence number used as a sample identifier, both the sample for analysis and its reject samples. Each analytical sample bag is filled with a portion of 2 m length of drilled rock and each reject sample bag will take another representative portion of 1 m length of drilled rock. Thus, each two reject samples will be the equivalent to one assay sample. The splitting is done as part of the drilling process using a rotary splitter.

The analytical samples were collected directly from the rig splitter according to a sampling list that documented the metres and sampling sequence for each drill hole. This list also identified which sample should be collected in duplicate as well as which certified reference material ('CRM') were to be placed in the numerical sequence. The CRMs were randomly inserted at every 20 samples (5%), and duplicate samples were collected every 20 samples (5%). Thus, there's an alternating CRM and Duplicate every 10th sample.

The analytical and reject samples are then transported in boxes from the drilling site to the core shed by a designated employee. The analytical samples were stored on labelled palettes for later direct shipping to the ALS preparation laboratories in Seville, Spain. Later, the pulp and reject samples were securely stored in the logging room on the property.

To the best of the Company's knowledge, no drilling, sampling, recovery, or other factors exist that would materially compromise the accuracy or reliability of the referenced data

RC samples were prepared by ALS preparation laboratory in Seville, Spain, crushing the sample with up to 70% of the material passing a 2 mm screen, and then each sample was split to 250 g and pulverized with hardened steel to 85% passing a 75 μm screen. Each resultant sub-sample was then direct shipped to their certified assay laboratory Dublin Road, Loughrea, Co., Ireland.

The samples are analyzed by the ME-MS81 ALS method that applies a lithium borate fusion to the sample and the result of this fusion is measured by applying an ICP-MS. It is also applied to the ALS ME-4ACD81 procedure which reports base metals by a 4-acid digestion and later analyzed by an ICP-MS procedure. Any over-limit tungsten values were re-analysed at the same laboratory by a W-XRF15b procedure that uses a lithium borate fusion with an XRF analysis. The analytical results were then securely emailed to the Company.

Qualified Person's Statement and Data Verification

The scientific and technical information in this news release has been reviewed and approved by Mr. Vítor Arezes, BSc, MIMMM (QMR), 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 as he is an officer of the Company.

The Qualified Person has verified the data disclosed herein by reviewing core logs and drill records, validating collar and downhole survey data, assessing database integrity, reviewing assay QA/QC (CRMs, blanks, and duplicates), and reconciling reported intervals to the original laboratory certificates. The verification did not identify any factors that would materially affect the accuracy or reliability of the information presented.

Project Momentum and Strategic Positioning

The drill program is a cornerstone of Allied's strategy to position Borralha as Europe's leading high-grade tungsten development, combining grade, scale, and near-term production potential in a secure EU jurisdiction. With tungsten designated as a Critical and Strategic Raw Material by both the European Union and the United States, Borralha directly addresses Western supply vulnerabilities at a time of rising global demand and constrained Chinese exports. As one of the only advanced-stage tungsten assets in Western Europe, Borralha is uniquely placed to support defense readiness, AI, EVs, and the EU's Critical Raw Materials Act objectives for domestic sourcing.

This campaign also supports Allied's permitting and development milestones, including the submission of additional technical information in response to follow-up questions from the Environmental Impact Assessment (EIA) evaluation committee–a standard step in the review process. The Company expects to deliver its formal response by third quarter of 2025, with a final decision anticipated in fourth quarter of 2025 or early first quarter of 2026.

Next Steps

Allied is now preparing to complete the final 1,600 metres of drilling to reach the planned total of 4,200 metres for the current Phase 1 campaign. The remaining holes, including Bo_RC_20/25, Bo_RC_23/25, and Bo_RC_24/25 and Bo_RC_25/25, have been selected based on strong visual intercepts, structural continuity, and geological insights from previously completed drilling. Minor adjustments to the drill plan are being implemented to maximize coverage of key mineralized corridors while maintaining program efficiency. In addition, a further 1,528 metres drilling is now also planned for the fourth quarter of 2025 to build off of the successes in July.

Following a scheduled pause in August due to the regional fire season, drilling resumed on September 1 with two rigs operating simultaneously. The campaign has quickly regained momentum and remains on track to complete the targeted meterage within the planned timeframe. Field operations continue to run efficiently, positioning Allied to generate the technical data required for the upcoming Mineral Resource Estimate (MRE) update and Preliminary Economic Assessment (PEA).

New Advisory Role; Other Corporate 

The Company is announcing that Colin Padget has resigned his position as director effective September 1, 2025, but is being retained as an advisor to the Company going forward. The Company wishes to thank Colin for his contributions and looks forward to his continued involvement as an advisor to the Company.

In addition, the Company prematurely announced the grant of stock options (Options) and restricted share units (RSUs) in its news release dated September 2, 2025. In light of the drill results in this press release, the Company is postponing the grant to a future date.

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

About Tungsten

It is critical to understand the difference between wolframite mineralization of tungsten and scheelite mineralization of tungsten. Scheelite often reports higher grades (0.3%-1.0% WO₃) but is more costly and complex to process, requiring flotation methods with higher capital and operating expenditures and lower recoveries.In contrast, wolframite, which is the focus of Allied Critical Metals can be processed more efficiently using gravity and magnetic separation, resulting in lower costs and higher recoveries, making lower grades (~0.15%-0.25% WO₃) economically viable in wolframite deposits.ii For example, a wolframite deposit with 0.4% WO₃ over 3 metres can be more profitable than a scheelite deposit with 0.7% WO₃ over the same interval due to lower processing costs and higher recovery rates.iii

In Western exploration drilling, scheelite tungsten grades typically range from 0.3% to 1.0% WO₃.iv The cut-off grade for economic viability is generally around 0.1% WO₃, with highly efficient operations able to mine at grades as low as 0.08% WO₃.v Skarn deposits, a common deposit type, typically range from 0.34% to 1.4% WO₃, with intercepts of 0.4% WO₃ over 1-5 metres considered very good and 0.7% WO₃ over 1-3 metres considered very high-grade.vi Intercept lengths can range from 0.6 metres to over 100 metres, with longer intercepts at strong grades generally preferred for economic mining. For example, two leading western tungsten mines demonstrate the standards for scheelite with results like 9.5 m @ 0.76% WO₃ and 14.1 m @ 0.58% WO₃vii at the Sangdong Mine* in South Korea and 18 m @ 1.00% WO₃ reported at the Mt. Carbine Tungsten Project* in Australia.viii

In contrast, the Panasqueira Mine* in Portugal typically reports 1-5 m @ 0.25-0.5% WO₃ as a wolframite depositix A result like 0.5% WO₃ over 3 metres is considered typical and strong within Western tungsten exploration standards, especially for wolframite tungsten mineralization.x

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

For Allied, this context is significant, as the Company's grades, ranging from 0.2% to 1.0% WO₃, are considerable against global wolframite benchmarks, with intercepts that meet or exceed typical Western results.xiv The Company's focus on wolframite will correspond to lower processing costs and higher recoveries, supporting project economics even at lower grades.xv 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.xvi Allied's strong grades, low-cost processing advantages, and secure location position it as a strategic and responsible tungsten exploration company, well placed to support robust project economics in a rising-demand market.xvii

*The results cited for the Sangdong Mine, the Panasqueira Mine and the Mt. Carbine Tungsten Project are based on public disclosures and are presented for industry benchmarking and comparison purposes only. Allied has no interests in those mineral projects.

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.

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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