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An update from DeepRock Minerals ( (TSE:ACM) ) is now available.
Allied Critical Metals Inc. has announced significant assay results from its ongoing reverse circulation drilling campaign at the Borralha Tungsten Project in Portugal. The latest drill results indicate a larger and higher-grade orebody than previously modeled, with the potential to expand the mineral resource significantly. This development is timely as tungsten prices have surged due to increased demand and supply chain restrictions. The results support the strategic importance of the Borralha Project as a secure source of tungsten for Portugal, the EU, NATO, and the United States, addressing critical supply chain needs.
More about DeepRock Minerals
Allied Critical Metals Inc. is a company focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal. The company is engaged in the exploration and development of tungsten resources, which are critical and strategic raw materials recognized by the European Union. Allied aims to strengthen secure, Western-aligned supply chains for tungsten, contributing to Europe’s strategic independence.
Average Trading Volume: 199,133
Technical Sentiment Signal: Buy
Current Market Cap: C$1.92M
Learn more about ACM stock on TipRanks’ Stock Analysis page.