Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
The latest update is out from DeepRock Minerals ( (TSE:ACM) ).
Allied Critical Metals Inc. has successfully closed the first tranche of an oversubscribed non-brokered private placement, raising over $4.49 million by issuing nearly 15 million units at $0.30 each. The company has increased the offering size to $5 million, with proceeds intended for exploration and development of its tungsten projects in Portugal. This move is expected to strengthen Allied’s position in the tungsten market, which is valued at approximately USD $5 to $6 billion, and support its strategic focus on becoming a key player in the supply of this critical metal.
More about DeepRock Minerals
Allied Critical Metals Inc. is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned Borralha Tungsten Project and Vila Verde Tungsten Project in northern Portugal. Tungsten is a critical metal used in various industries, and the company aims to provide a friendly source of this metal, which is predominantly supplied by China, Russia, and North Korea.
Average Trading Volume: 173,301
Technical Sentiment Signal: Sell
Current Market Cap: C$1M
See more insights into ACM stock on TipRanks’ Stock Analysis page.