Allied Critical Metals Corp
Primary tickers: CSE:ACM
Stage of development: Exploration, Development
Primary minerals: Tungsten
Project to promote: Borralha & Vila Verde
Project location: Portugal
Website: www.alliedcritical.com
Allied Critical Metals (ACM:CSE) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Barralha & Vila Verda Tungsten projects in Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of the unique metal. Currently China and Russia represent 90% of the total global supply and reserves. The Tungsten market is estimated to be valued at approximately $5 – 6 billion USD and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.
Cash: CAD4M
Debt: NIL
Major shareholders:
Pan Iberia Ltd. (Property Vendor) – 17.52%
Balmwood – 7.72%
Roy Bonnell – 5.72%
Sean O’Neill – 5.09%
Majestic Gold – 2%
Management Ownership – 37%
Financials
Management Profile
Roy Bonnell – CEO & DIrector
Roy is an entrepreneur with 26 years of experience founding and leading various companies. He was a legal counsel for a NYSE-listed firm and joined the Law Society of Upper Canada in 1996. Roy holds degrees from Queen’s University, LSE, McGill University, and Western Ontario.
What is your rationale for taking part in 121 Mining Investment?
Newly listed so looking to create awareness and on market support.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
– New Drill Program
– Commission pilot plant
– Sign offtake agreements
– Appoint high profile board members
6 Months:
– Update MRE
– Sign off take agreements
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Market conditions
What do you think makes your company such a compelling investment?
Tungsten is a recognized as a critical metal. 90% of the world’s supply comes from China and Russia. Western countries are scrambling to secure supply.
What are the top 3 key investor takeaways?
• Near-Term Producer With Significant Exploration Upside.
• Tungsten Pricing Tailwinds As China Restricts Supply.
• Stable EU Jurisdiction With Mining History.