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Lode Resources Ltd ( (AU:LDR) ) has issued an announcement.
Lode Resources Ltd has finalized the transaction documents for the divestment of its Webbs Consol silver project to Rapid Critical Metals Limited. The deal, which includes cash and shares in Rapid, as well as a net smelter return royalty, allows Lode to become a significant shareholder in Rapid. The proceeds from this transaction will enable Lode to accelerate its exploration activities at its Montezuma and Magwood projects, enhancing its focus on critical minerals like silver and antimony.
More about Lode Resources Ltd
Lode Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of silver and antimony projects. The company is actively involved in advancing its Montezuma Silver & Antimony Project and the historic Magwood Antimony Mine Project, with a particular emphasis on critical minerals.
Average Trading Volume: 372,246
Technical Sentiment Signal: Buy
Current Market Cap: A$33.17M
For detailed information about LDR stock, go to TipRanks’ Stock Analysis page.