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DeepRock Minerals ( (TSE:ACM) ) has provided an update.
Allied Critical Metals Inc. has appointed Major General (Ret.) James A. ‘Spider’ Marks to the Board of Directors of its U.S. subsidiary, Allied Critical Metals USA, which focuses on the importation, marketing, and sales of tungsten in the United States. General Marks’ extensive experience in military strategy and leadership is expected to enhance Allied USA’s operational and strategic direction, particularly as the company seeks to expand its presence in the American tungsten market and meet the growing demand for this critical material.
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 is dedicated to ensuring secure and reliable tungsten supply chains, a critical mineral essential to industries such as aerospace, defense, and electronics. The tungsten market is valued at approximately USD $5 to $6 billion, with China, Russia, and North Korea representing a significant portion of the global supply.
Average Trading Volume: 174,569
Technical Sentiment Signal: Sell
Current Market Cap: C$933.7K
Learn more about ACM stock on TipRanks’ Stock Analysis page.