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DeepRock Minerals ( (TSE:ACM) ) has shared an update.
Allied Critical Metals Inc. has announced the highlights from its 2023-2024 drill program at the Borralha Tungsten Project in northern Portugal. The program, which involved drilling over 3,685 meters in 16 drill holes, revealed significant tungsten mineralization, including notable intercepts such as 5.79% WO₃ over 2.0 meters. This exploration effort, which cost approximately $4.1 million, is part of Allied’s strategy to bolster investor confidence ahead of its public listing and to update the Mineral Resource Report for Borralha in Q4 2025. The project represents a crucial development in the tungsten industry, providing a potential supply source outside the influence of China and Russia.
More about DeepRock Minerals
Allied Critical Metals Inc. is a company focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal. The company is strategically positioned as a significant undeveloped tungsten deposit in the western world, offering a potential near-term source of supply outside of China and Russia.
Average Trading Volume: 224,309
Technical Sentiment Signal: Buy
Current Market Cap: C$2M
Learn more about ACM stock on TipRanks’ Stock Analysis page.