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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.