Allied Critical Metals Corp.

DeepRock Minerals announces today that pursuant to its news release dated March 20, 2024, it intends to close the first tranche of its non-brokered private placement on or around Monday June 10, 2024. The private placement is an offering of Units at $0.02 each for gross proceeds of up to $500,000. Each Unit will consist of one common share of the Company and one-half of a non-transferable common share purchase warrant [...]

DeepRock Minerals is pleased to announce amendments to its option agreements concerning the Fall Grid Property and the Lugar Property, comprising the Golden Gate Project. Under these amendments, there is no change in the total cash payments, however, the transactions will involve the issuance of shares and eliminate all commitments on exploration expenditures. Falls Grid Property Under the revised terms, DeepRock will [...]

DeepRock Minerals is pleased to announce a letter agreement signed with Allied Critical Metals Corp. to acquire a net profits stream for the Vila Verde Tungsten-Tin Project Test Plant to process stockpiled tungsten mineralized material at the quarry. This stream delivers near-term financing to accelerate ACM's plans for its tungsten processing operations in Portugal. Under the terms of the agreement, signed March 19th [...]

DeepRock Minerals is pleased to welcome Mr. Roger Baer as a new member of its board of directors. With a wealth of over 35 years in accounting and financial management, Mr. Baer brings extensive expertise primarily garnered within the mining industry. Notably, Mr. Baer's experience spans both the coal and hard-rock metals sectors, encompassing responsibilities ranging from operational budgeting to overseeing large-scale [...]

DeepRock Minerals announces an offering of convertible debentures with an aggregate principal of up to $2,000,000. Proceeds of the Offering will be used to finance potential acquisitions of assets or businesses in the mineral resource sector, advance the Company's current exploration projects, and for general working capital. The Debentures will mature on the date that is three years from the date of issuance and bear [...]

DeepRock Minerals is proposing a plan to "spin out" its Canadian mineral properties - the Ralleau VMS Project in Quebec and the Golden Gate Project in New Brunswick - into one company, and its Zapozilor Polymetallic Project in Romania to another company. The Spin-Out will allow DeepRock to continue as a single entity solely focused on the Esperança and the Galilea Lithium Projects in Minas Gerais, Brazil. It is [...]

DeepRock Minerals is pleased to announce it has entered into an option agreement to acquire a 100% interest in the Galileia Lithium Property with ANTARES MINERAIS ENERGÉTICOS LTDA, a limited company incorporated and existing under the laws of Brazil. The Galileia Property covers 6,600 ha comprising 4 exploration permits and is in Brazil's Minas Gerais State, a mining-friendly jurisdiction. The geology shows the [...]

DeepRock Minerals is pleased to announce it has entered into an option agreement to acquire a 100% interest in the Galileia Lithium Property with ANTARES MINERAIS ENERGÉTICOS LTDA, a limited company incorporated and existing under the laws of Brazil. The Galileia Property covers 6,600 hectares comprising 4 exploration permits and is in Brazil's Minas Gerais State, a mining-friendly jurisdiction. The geology shows [...]

DeepRock Minerals announces that the Company and Augustine Trading Professionals SRL have mutually agreed to terminate the property purchase agreement between them dated August 31, 2021, whereby the Company was to purchase from Augustine a mineral property in Romania known as the Dragon Valley Property. DeepRock had advanced $275,000 of the purchase price to Augustine and had taken no further action. Upon the return of [...]

DeepRock Minerals announces that it intends to extend the expiry date of an aggregate of 13,100,00 common share purchase warrants by approximately 7 months to Feb 4, 2024. The Warrants were issued pursuant to a private placement which closed on July 9, 2021, and are currently set to expire on July 9, 2023. Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.06 per common [...]