DeepRock Minerals, Inc. (TSE:DEEP) has released an update.
DeepRock Minerals Inc. announced an agreement to acquire a 10% net profits stream from Allied Critical Metals’ tungsten processing operations in Portugal, with a minimum annual return of C$500,000 for ten years. The deal involves an upfront payment of C$1,000,000 by DeepRock to accelerate the tungsten pilot plant and quarry operation. Additionally, DeepRock plans a non-brokered private financing, aiming to raise up to $500,000 through the sale of units at $0.02 each.
For further insights into TSE:DEEP stock, check out TipRanks’ Stock Analysis page.
