DeepRock Minerals, Inc. (TSE:DEEP) has released an update.
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.
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