Allegiance Resources Secures Binding Deal for Three British Columbia Tungsten Properties

Allegiance Resources Corp. (CSE:ALLG) signed a binding agreement to purchase three tungsten exploration sites in British Columbia, named Thanksgiving, Five T's, and Rio Grande. To complete the purchase, the mining firm will pay $60,000 in cash—divided into two installments of $30,000—and issue 1.2 million common equity shares priced at $0.175 per share. The original property owners will also hold a 2% net smelter return royalty, though Allegiance retains an option to repurchase half of that royalty for $450,000.

The transaction strengthens Allegiance's mineral collection as it adds Canadian holdings alongside its current Nevada focus ahead of upcoming 2027 U.S. defense sourcing regulations. Prior sampling at the sites revealed surface tungsten trioxide levels as high as 16.2%, with past drilling showing 3.01% over 3.54 meters. While these early metrics highlight potential, the historical results require modern verification, carrying inherent exploration risk.

Completion of the acquisition is targeted for December 31, 2026, provided the company satisfies key closing hurdles. These include submitting an independent NI 43-101 technical report and obtaining formal approval from the Canadian Securities Exchange. Investors will be monitoring for final transaction approval and follow-up field studies to confirm the site resources.