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On April 24, 2025, Allied Critical Metals Corp. (“ACM”) announced the completion of its reverse takeover of Deeprock Minerals Inc. Headquartered in Vancouver, British Columbia, ACM is engaged in the acquisition, exploration and development of mineral resource properties in Canada and Portugal. ACM owns, through its wholly owned Portuguese subsidiaries, ACM Tungsten Unipessoal Lda. and Pan Metals Unipessoal Lda., 100% of two Portuguese tungsten projects: the Borralha Tungsten Project and the Vila Verde Tungsten Project.
The transaction was completed by way of a plan of arrangement that included a three-cornered amalgamation pursuant to which, among other things, the name of the resulting issuer was changed to “Allied Critical Metals Inc.”
Aird & Berlis represented ACM with a team that included Jeffrey Merk, Marek Lorenc, Ryan Cohen and Nadia Narain (Capital Markets).
Parties
Company
Allied Critical Metals Corp. (ACM)
Company
Deeprock Minerals Inc.
Deal Type
Merger & AcquisitionIndustry
MiningTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
24 April 2025