Deeprock Minerals
Primary ticker: CSE:DEEP
Stage of development: Exploration
Primary minerals: Gold, Copper, Silver, Zinc, Lead, Lithium
Project to promote: Golden Gate Project
Project location: New Brunswick, Canada
Website: deeprockmineralsinc.com
Corporate presentation: Click here
Deeprock Minerals Inc. is a Canadian-based mineral exploration and development company.
Exploration focus includes gold and critical metals in the historic Bathurst mining division of New Brunswick.
Recently, DeepRock signed an agreement with Allied Critical Metals Corp. (“ACM”) to acquire a net profits stream for the Vila Verde Tungsten-Tin Project Test Plant. ACM plans to process 150,000 tonnes per annum of stockpiled tungsten mineralized material at the quarry. This marks a significant milestone in the Company’s strategic cashflow and growth initiatives.
Cash: Raising $500k Non-Brokered Private Placement
Debt: NIL
Management Ownership: 11%
Financials
Management Profile
Andrew Lee – President, CEO & Director
Mr. Andrew Lee brings nearly two decades of experience in the public sector, particularly within resource companies. He has held roles as a director or officer in various projects worldwide, including a gold venture in Ecuador and a phosphate project in Guinea-Bissau, West Africa. Previously, Andrew served as CEO/President at York Harbour Metals Inc., a TSX Venture-listed company. Andrew is also active as a co-founder and director at Allied Critical Metals Corp., focusing on tungsten in Portugal. Andrew’s extensive experience highlights his significant contributions to the exploration and mining industry.
What is your rationale for taking part in 121 Mining Investment?
In essence, success in mineral exploration and development boils down to two key factors: money and people. Whether it’s self-funding or attracting capital, our ability to finance projects is crucial. Equally important is networking and effectively communicating our project’s narrative to raise market awareness and foster growth. As we prepare for the conference, we aim to showcase new developments stemming from these efforts.
What recent news would you like to highlight to investors attending?
April 17, 2024 – DeepRock Minerals Amends Golden Gate Project Option Agreements To Expedite Earn-In
March 20, 2024 – DeepRock Minerals Enters Agreement to Acquire a Net Profit Stream from Allied Critical Metals to Advance a Tungsten Pilot Plant & Quarry Operation in Portugal
February 16, 2024 – DeepRock Minerals Makes Board and Corporate Changes
October 5, 2024 – DeepRock Minerals Proposes Spinout to Maximize Value and to Focus on Lithium Exploration in Brazil
What are your key goals for the next 3, 6 and 12 months?
3 months:
1. Close acquisition of the 10% Net Profit Stream on the Vila Verde Pilot Plant.
2. Complete the earn-in of the New Brunswick properties and finalize an exploration plan for the Golden Gate Project.
3. Have the company adequately funded ~ $800,000
4. Plan and prepare for the annual general and special meeting and spin-out and restructuring..
6 months:
1. Complete plan of arrangement
2. Complete the first phase of drilling at the Golden Gate Project
3. Advance the Esperanca Property – even drill off a few exploratory hole
12 months:
New discovery at Golden Gate? And cash flow positive from the 10% Net Profit Stream from the Vila Verde Pilot Plant.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Like so many junior exploration companies, raising capital and a low share price. Need to continue to advance and be successful in our ventures. New strategic plans are needed and creativity; new funding strategies are important to help minimize dilution.
What do you think makes your company such a compelling investment?
Our value proposition lies in the untapped potential of Golden Gate, Esperanca and a net profit stream. Acquired at a low price, a promising drill hole could unlock substantial value. With the commodity market improving and risk appetite rebounding, companies like DeepRock offer significant upside due to our low share price. What was once perceived as a risk and challenge can now serve as a unique advantage for investors. While there is inherent risk, the potential for substantial gains is equally compelling.
What are the top 3 key investor takeaways?
1. Value Proposition
2. Low entry point for new investors
3. Untapped exploration potential