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The latest announcement is out from DeepRock Minerals ( (TSE:ACM) ).
Allied Critical Metals has secured a Favourable Environmental Impact Declaration from the Portuguese Environment Agency for its 100%-owned Borralha Tungsten Project, a key regulatory milestone that confirms the project’s environmental acceptability and allows it to advance to detailed engineering, RECAPE and subsequent licensing stages. The approval, alongside prior recognition from Portugal’s defense industry authorities, effectively greenlights a modern underground mine design featuring closed-loop water management, dry-stacked tailings and comprehensive monitoring, positioning Borralha as one of Europe’s most significant tungsten assets and a contributor to EU critical raw material security, regional employment and local economic development, with the company targeting completion and start-up of an industrial-scale processing plant by the end of 2027.
More about DeepRock Minerals
Allied Critical Metals Inc. is a Vancouver-based mining company focused on developing the Borralha Tungsten Project in northern Portugal, an underground operation targeting tungsten with copper and tin by-products. The project is positioned as a strategic European Union asset under the EU Critical Raw Materials Act, aiming to support diversified supply chains for industrial and defense-related applications within Portugal, Europe and allied markets.
Average Trading Volume: 258,626
Technical Sentiment Signal: Buy
Current Market Cap: C$113.5M
Find detailed analytics on ACM stock on TipRanks’ Stock Analysis page.