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The latest announcement is out from DeepRock Minerals ( (TSE:ACM) ).
Allied Critical Metals Inc. has announced a corporate update detailing the allocation of approximately $4.6 million in funds raised through concurrent financing. The company plans to use these funds to further its business objectives, focusing on the exploration of the Borralha Tungsten Project, with potential future exploration at Vila Verde if funds allow. The update also includes reallocation of funds towards investor relations services and general administrative costs, reflecting a strategic approach to enhance operational efficiency and stakeholder engagement.
More about DeepRock Minerals
Allied Critical Metals Inc., formerly known as Deeprock Minerals Inc., operates in the mining industry with a focus on the exploration and development of tungsten projects. The company is primarily engaged in the Borralha and Vila Verde Tungsten Projects, aiming to enhance its market position through strategic exploration and development activities.
Average Trading Volume: 157,872
Technical Sentiment Signal: Sell
Current Market Cap: C$604.2K
Learn more about ACM stock on TipRanks’ Stock Analysis page.