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 [...]
DeepRock Minerals is pleased to announce it has entered into an option agreement to acquire a 100% interest in the Esperança Lithium Property with BHBC EXPLORAÇÃO MINERAL LTDA. and RTB GEOLOGIA E MINERAÇÃO LTDA, both limited companies incorporated and existing under the laws of Brazil . The Esperança Lithium Property is a 2,969.15-hectare mineral claim package comprising 1.5 [...]
DeepRock Minerals announces that it intends to extend the expiry date of an aggregate of 14,000,00 common share purchase warrants by 12 months to Feb 4, 2024. The Warrants were issued pursuant to a private placement which closed on February 4, 2021, and are currently set to expire on February 4, 2023. Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.06 per common share [...]
DeepRock Minerals Inc. is pleased to report that further to its news release dated April 6, 2022, it has closed the non-brokered Offering financing issuing an aggregate total of 13,210,000 Units at a price of $0.05 per Unit for total gross proceeds of $660,500.00. Each Unit consisted of one common share in the capital of the Company and one transferrable common share purchase warrant . Each Warrant entitles the holder [...]
DeepRock Minerals Inc. is pleased to report that EarthEx Geophysical Solutions, has completed a detailed drone-supported airborne magnetometer survey of its Golden Gate Project, located from 5 to 10 km west of Bathurst, New Brunswick. The Mag Survey was carried out over approximately 10 km2, which covers the Company's primary target area that extends 6+ km east-northeasterly from the Falls Grid property to the [...]