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The latest announcement is out from DeepRock Minerals ( (TSE:ACM) ).
Allied Critical Metals Inc. has announced significant progress in its Borralha Tungsten Project in northern Portugal, with high-grade tungsten mineralization confirmed in recent drill results. The company is advancing its 4,200-metre drill program, with plans for an additional 1,528 metres, as tungsten prices rise due to increased demand and supply chain restrictions. These developments are expected to lead to an updated Mineral Resource Estimate and a Preliminary Economic Assessment, positioning Borralha as a key asset in Europe’s critical mineral landscape.
More about DeepRock Minerals
Allied Critical Metals Inc. is a company focused on its 100% owned Borralha and Vila Verde tungsten projects in northern Portugal. The company operates in the critical minerals industry, with a primary focus on tungsten, a mineral essential for various industrial applications. Allied aims to strengthen its position in the market by advancing its projects to support Western countries’ strategic raw material supply.
Average Trading Volume: 175,795
Technical Sentiment Signal: Sell
Current Market Cap: C$906.2K
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