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Lode Resources Ltd ( (AU:LDR) ) just unveiled an announcement.
Lode Resources Ltd has executed a binding agreement to divest its Webbs Consol Silver Project to Rapid Critical Metals Limited. The transaction, valued at A$3.75 million in cash and 115 million shares in Rapid, will enhance Lode’s balance sheet and allow it to focus on its other projects. The deal positions Rapid to consolidate significant silver resources in New South Wales, potentially benefiting both companies through unified mine planning and increased operational synergies.
More about Lode Resources Ltd
Lode Resources Ltd is a company engaged in the exploration and development of mineral resources, primarily focusing on silver and antimony projects in Australia. The company holds a portfolio of high-quality exploration and development projects, including the Montezuma project in Tasmania and the Magwood Antimony and Uralla Gold projects in the New England Fold Belt.
Average Trading Volume: 331,694
Technical Sentiment Signal: Buy
Current Market Cap: A$24.27M
For a thorough assessment of LDR stock, go to TipRanks’ Stock Analysis page.