Located in Portugal, a stable European Union and NATO jurisdiction, Allied’s Borralha and Vila Verde projects are positioned within a region increasingly focused on strengthening domestic critical-mineral supply chains. With established infrastructure, access to European markets and growing strategic demand for non-Chinese tungsten sources, Portugal provides Allied with a strong Western platform to advance exploration, development and potential production.

Borralha has been recognized by idD Portugal Defence as a strategic initiative of national importance, reflecting the project’s potential contribution to Portugal’s and Europe’s secure supply of tungsten, a critical mineral essential to defence, aerospace and advanced manufacturing. Together with its favourable Environmental Impact Declaration, this recognition strengthens Borralha’s position as a strategically important European tungsten project advancing toward development.

Borralha is a historic past-producing tungsten district with mining activity dating from 1904 to 1985, providing decades of operating history and extensive knowledge of the mineralized system. Historical production generated high-grade wolframite concentrate averaging approximately 66% WO₃, establishing Borralha as an important former European tungsten producer and providing a strong foundation for Allied’s modern exploration and redevelopment strategy.

Allied is advancing Vila Verde as a potential near-term production opportunity through a phased development strategy designed to establish initial tungsten concentrate production while creating a pathway to larger-scale operations. The project is progressing toward an Experimental Mining License, with plans for an initial 150,000-tonne-per-year operation and potential expansion to 300,000 tonnes annually, providing Allied with a complementary production platform alongside the longer-term growth potential at Borralha.