DeepRock Minerals, Inc. (TSE:DEEP) has released an update.
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.
For further insights into TSE:DEEP stock, check out TipRanks’ Stock Analysis page.
