tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Allied Critical Metals Appoints Former Homeland Security Secretary to Bolster U.S. Tungsten Supply Strategy

Story Highlights
  • Allied Critical Metals appoints Kirstjen Nielsen to enhance U.S. tungsten supply.
  • Nielsen’s expertise in security and risk management strengthens Allied’s market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Allied Critical Metals Appoints Former Homeland Security Secretary to Bolster U.S. Tungsten Supply Strategy

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

DeepRock Minerals ( (TSE:ACM) ) has provided an update.

Allied Critical Metals Inc. has appointed former U.S. Secretary of Homeland Security Kirstjen Nielsen as a Director of its U.S. subsidiary, Allied Critical Metals (USA) Inc. This strategic move aims to enhance the company’s engagement with U.S. government agencies and defense partners to secure a domestic supply of tungsten, a critical mineral essential for national security and economic resilience. Nielsen’s extensive experience in homeland security and risk management is expected to bolster Allied’s position as a trusted partner in the critical minerals sector, supporting U.S. and allied interests.

More about DeepRock Minerals

Allied Critical Metals Inc. is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha and Vila Verde Tungsten Projects in northern Portugal. The company is committed to becoming a reliable Western supplier of tungsten, a critical mineral used in various industries such as defense, automotive, manufacturing, electronics, and energy. With a market estimated to be valued at approximately USD $5 to $6 billion, Allied seeks to reduce dependence on non-aligned sources, as China, Russia, and North Korea currently dominate the global supply.

Average Trading Volume: 174,107

Technical Sentiment Signal: Sell

Current Market Cap: C$961.2K

For detailed information about ACM stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1