Allied Critical Metals Posts Corporate and Operational Update

Key Highlights: Allied is fully funded for the next 12 months with over $45 million in cash liquidity. The Company secured a transformational U.S.$40 million financing and tungsten off-take agreement with U.S.$1,000/mtu floor price . First tungsten concentrate production targeted for Q4 2026 , subject to regulatory approvals and timely receipt of long-lead items.

Borralha Project drilling intersected over 200 metres with multiple intercepts of visible tungsten mineralization at the new Venise Breccia target. Insider buying increased management ownership to approximately 14% of the Company. Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - Allied Critical Metals Inc. (CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0) (" Allied " or the " Company ") is pleased to provide an update with respect to its corporate initiatives and operations progress at the Borralha and Vila Verde projects in northern Portugal.

"We have just recently passed the one-year anniversary of Allied being a public company and are proud to report that we have been very busy executing on our corporate and operational plans," commented Roy Bonnell, Chief Executive Officer and Director of Allied . "To be one year into this journey and fully financed through the end of 2027 is a strong position to achieve. We are eagerly awaiting first tungsten concentrates from the pilot plant at the Vila Verde Project and the drilling campaign at the Borralha Project is in full swing.

We expect to see results from our latest drilling campaign in the coming weeks to add the discovery of a second breccia complex at the Borralha Project. Importantly, Allied is fully funded to achieve initial production at the Vila Verde Pilot Plant and meet its stated objectives over the next 12 months." Corporate Update U.S.$40 million Transformational Strategic Financing and Off-Take Agreement with Floor Price of U.S.$1,000/mtu On April 24, 2026, Allied announced a non-brokered private placement offering of common shares at a price of