DeepRock Minerals, Inc. (TSE:DEEP) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
DeepRock Minerals Inc. has signed an agreement with Allied Critical Metals Corp. to acquire a 10% net profits interest in the Vila Verde Tungsten-Tin Project in Portugal. This deal aims to provide DeepRock with a steady cash flow by processing tungsten, a critical material in the EU, and involves an initial commitment of C$1,000,000. Additionally, DeepRock is planning a private placement to raise up to C$500,000 for further financing.
For further insights into TSE:DEEP stock, check out TipRanks’ Stock Analysis page.