DeepRock Minerals, Inc. (TSE:DEEP) has released an update.
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Deeprock Minerals Inc. has entered into a letter agreement with Allied Critical Metals Corp. for a spin-off and reverse takeover, involving two significant tungsten projects in Portugal with historical production. The agreement includes the preparation of technical reports adhering to NI 43-101 standards and a $2.15 million equity financing effort by ACM. Additionally, ACM has secured an agency engagement with FundBox for debt financing up to €11 million to support the tungsten projects’ development.
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