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Allied secures $40M financing, targets Q4 2026 tungsten production, and expands drilling in Portugal.

Company Fundamentals
20 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Allied Critical Metals announced a $40 million strategic financing and tungsten off-take agreement with a $1,000/mtu floor price, fully funding operations for the next 12 months. The company is advancing its Borralha and Vila Verde projects in Portugal, with drilling revealing significant tungsten mineralization and plans to start tungsten concentrate production by Q4 2026, pending approvals. Insider buying increased management ownership to 14%, signaling confidence. Allied also plans listings on the TSX Venture Exchange and Nasdaq to broaden capital access and liquidity.

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