CORRECTION FROM SOURCE: Allied Critical Metals Further Highlights Rapid Payback, Capital Efficiency and Infrastructure from Borralha PEA

Core Viewpoint - Allied Critical Metals Inc. has provided additional economic and technical details regarding the Preliminary Economic Assessment (PEA) for its Borralha Tungsten Project in Portugal, confirming that the previously announced PEA economics remain unchanged while offering more clarity on capital efficiency and cash flow generation [1][2][3]. Economic Results - The PEA outlines three pricing scenarios for tungsten: - Base case at $962/mtu WO₃ (USD $704/mtu WO₃) with an NPV of $182.7 million (USD $134.0 million) and an IRR of 27.2% - Medium case at $1,365/mtu WO₃ (USD $1,000/mtu WO₃) with an NPV of $473.4 million (USD $346.6 million) and an IRR of 48.8% - High case at $2,049/mtu WO₃ (USD $1,500/mtu WO₃) with an NPV of $963.8 million (USD $706.4 million) and an IRR of 78.4% [5][6][8]. Capital Efficiency - The estimated initial capital cost for the Borralha Project is approximately $125 million (USD $91.5 million), reflecting a compact infrastructure layout designed to support efficient underground mining and processing operations [13][21]. - The project is expected to generate an average annual revenue of approximately $252.52 million (USD $184.89 million) and an average annual EBITDA of approximately $142.18 million (USD $104.10 million) at a tungsten price of USD $1,000/mtu WO₃ [8][22]. Infrastructure and Site Requirements - The Borralha Project benefits from a well-developed infrastructure platform, including a planned hydro-electric power connection, water supply and recycling systems, and road access, which minimizes environmental impact [25][30]. - The project design integrates processing, backfill, water management, and power supply systems to support efficient underground mining operations [30][36]. Mineral Resource Estimate - The PEA is based on the updated Mineral Resource Estimate for the Santa Helena Breccia, which includes 13 million tonnes at a grade of 0.21% WO₃ for measured and indicated resources, and 7.7 million tonnes at a grade of 0.18% WO₃ for inferred resources [12][11]. Market Context - Current tungsten market prices are reported to be significantly above the USD $1,000 per mtu sensitivity case presented in the PEA, reaching approximately $2,998 per mtu (USD $2,195 per mtu) as of March 6, 2026 [7][40]. - Tungsten is recognized as a critical raw material by the United States and the European Union, emphasizing the strategic importance of the Borralha Project in securing western sources of tungsten [40].