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DeepRock Minerals ( (TSE:ACM) ) has provided an update.
Allied Critical Metals Inc. has announced the formation of its U.S. subsidiary, Allied USA, to expand its tungsten import and distribution operations, marking a significant step in its North American growth strategy. This move, along with its listing on the OTCQB and achieving DTC eligibility, positions Allied to better serve U.S. industries and investors by enhancing supply chain efficiency and increasing market accessibility. The strategic expansion is expected to strengthen Allied’s role as a key player in securing critical minerals for U.S. manufacturers and government contractors, amidst growing demand for domestic sources of strategic materials.
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 operates in the mining industry, specifically targeting the extraction and distribution of tungsten, a critical metal essential for various industries such as defense, automotive, and manufacturing. With the majority of global tungsten supply dominated by China, Russia, and North Korea, Allied aims to provide a reliable source of this metal for western countries.
Average Trading Volume: 167,160
Technical Sentiment Signal: Sell
Current Market Cap: C$878.8K
Learn more about ACM stock on TipRanks’ Stock Analysis page.
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