Allied Critical Metals secures key permit for Borralha Tungsten Project

Core Viewpoint - Allied Critical Metals has received a favorable environmental impact declaration for its Borralha Tungsten Project in Portugal, marking a significant regulatory milestone for the company [1][2]. Regulatory Approval - The environmental impact declaration allows the project to progress to the Project of Execution and RECAPE stage, along with subsequent licensing phases as per Portuguese regulations [2]. - The approval reflects the quality of the technical and environmental work completed and enables the company to advance to the next stage of permitting and detailed engineering [3]. Project Background - The Borralha Tungsten Project is a brownfield site with a historical production record of over 10,280 tonnes of wolframite concentrate extracted between 1904 and 1985, with an average grade of 66% tungsten trioxide [4]. - The environmental impact declaration evaluated various factors, including social, cultural, and ecological impacts [4]. Environmental Measures - Suggested measures include underground mining techniques to limit surface disruption, rehabilitation plans for historic mining sites, and protection strategies for water resources [5]. - The declaration includes closed-loop water management, dry-stacked tailings, and environmental monitoring plans to mitigate impacts [5]. Strategic Importance - The project aligns with the EU Critical Raw Materials Act, which aims to diversify supply sources for critical industrial and defense sectors within the EU [5]. - Allied Critical Metals has received recognition from idD Portugal Defense, highlighting its role in revitalizing tungsten production in Portugal and the project's strategic importance for national and European defense supply chains [6]. Economic Impact - The project is expected to stimulate regional employment and economic activity through local procurement initiatives and long-term investments [7].