Allied Critical's Borralha has environmental impact OK

Executive Summary

• Allied Critical Metals received a favourable Environmental Impact Declaration (DIA) from the Portuguese Environment Agency for its 100%-owned Borralha tungsten project in Portugal.
• The approval clears a major regulatory hurdle, enabling the project to advance to the execution phase, detailed engineering, and subsequent licensing, with industrial-scale production targeted for the end of 2027.
• The project is recognized by idD Portugal Defense as a strategic national initiative critical to European defence supply chains and aligns with the EU Critical Raw Materials Act.

Key Details

• Permit Status: Favourable DIA issued by the Portuguese Environment Agency (APA), subject to standard regulatory conditions.
• Project Advancement: Clears path to the project of execution and RECAPE (environmental compliance report) stage, followed by subsequent licensing phases under Portuguese mining legislation.
• Production Timeline: Company targets completion and production at the industrial-scale processing plant by the end of 2027.
• Mining & Processing Design: Modern underground mining with limited surface disturbance, closed-loop water management, filtered dry-stacked tailings, and comprehensive environmental monitoring/mitigation.
• Byproducts: Copper and tin concentrates.
• Strategic Alignment: Designated as a critical raw material under the EU Critical Raw Materials Act; supports diversification of supply for industrial, energy transition, and defence applications.
• Next Steps: Prepare execution/RECAPE documentation, advance detailed engineering/technical studies, conduct additional required environmental/social studies, and continue engagement with regulators and local stakeholders.
• Risk Disclosure: No assurance that subsequent permits will be granted or that the project will proceed to construction or operation.

Notable Quotes

• Roy Bonnell, CEO & Director: "The issuance of the environmental impact declaration for the Borralha project represents an important regulatory milestone for Allied. This approval reflects the quality of the technical and environmental work completed to date and allows the company to advance the Borralha project into the next stage of permitting and detailed engineering, subject to compliance with the conditions set out by the Portuguese authorities."
• Joao Barros, President & COO: "The Borralha project is part of Portugal's mining history, and this approval creates the conditions for a new chapter based on modern environmental standards, transparency and respect for local communities. The Borralha project offers an opportunity to address historical environmental legacies while generating skilled employment and economic activity in the interior of the country."