Allied Critical Metals Earns Strategic Recognition from idD Portugal Defence - Strengthening Europe's Tungsten Security

Core Insights - Allied Critical Metals' Borralha Tungsten Project has been endorsed by idD Portugal Defence as a strategic initiative of national importance, impacting Portugal's and Europe's defence supply chains [1][7] - The company received a formal Letter of Recognition for its leadership in re-establishing tungsten production in Portugal, which is crucial for strengthening Europe's independence in critical raw materials [2][6] - Tungsten is essential for modern defence, aerospace, and high-performance manufacturing, with Allied's projects positioning Portugal at the center of the EU's Critical Raw Materials Act [2][6] Company Overview - Allied Critical Metals Inc. is a Canadian-based mining company focused on the Borralha and Vila Verde Tungsten Projects in northern Portugal, both of which are 100% owned by the company [6] - The tungsten market is valued at approximately USD $5 to $6 billion and is utilized across various industries, including defense, automotive, manufacturing, electronics, and energy [9] Strategic Importance - The recognition from idD Portugal Defence highlights Allied's role as a strategic partner in enhancing Europe's industrial and defence sovereignty [3][4] - The Borralha project is positioned to receive support from Portugal's Ministries of Defence and Economy, facilitating governmental funding and collaboration opportunities [8] - Allied aims to rebuild Europe's tungsten production capacity, which is critical for defence, aerospace, and green technology applications [3][6]