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DeepRock Minerals ( (TSE:ACM) ) has provided an announcement.
Allied Critical Metals Inc. has commenced a fully-funded 5,000-metre drilling program at its Borralha Tungsten Project in northern Portugal, marking a significant milestone in advancing the project. The drilling aims to expand the current resource base, with results to be included in an updated Preliminary Economic Assessment. The project is strategically positioned to meet the growing demand for critical raw materials in the West, offering a near-term, non-Chinese tungsten production opportunity.
More about DeepRock Minerals
Allied Critical Metals Inc. is focused on its 100% owned Borralha and Vila Verde tungsten projects in northern Portugal. The company aims to become a leading Western supplier of tungsten, a critical metal for defense, electric vehicles, semiconductors, and industrial manufacturing.
Average Trading Volume: 144,538
Technical Sentiment Signal: Sell
Current Market Cap: C$645.3K
For a thorough assessment of ACM stock, go to TipRanks’ Stock Analysis page.