Borralha Tungsten Project Secures EU Strategic Designation

Key Facts

1Allied Critical Metals' Borralha Project was selected as one of 46 new Strategic Projects by the European Commission.

2The project is the only tungsten extraction project in Portugal and the EU to receive this strategic designation.

3The designation provides the project access to accelerated permitting procedures with a 27-month maximum timeline under the CRMA.

The European Commission has selected Allied Critical Metals' Borralha Project as one of 46 new Strategic Projects under the Critical Raw Materials Act. Newsfile Corp reported that the project is the only tungsten extraction site in Portugal and the European Union to receive this designation, aimed at securing domestic supplies of essential minerals.

The strategic status provides the project with access to accelerated permitting procedures, establishing a maximum timeline of 27 months. Regarding market performance, CRML closed at $6.26 on October 14, 2026, having reached a day high of $6.81 and a low of $6.16 during that session.