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Lode Resources Ltd ( (AU:LDR) ) has issued an announcement.
Lode Resources Ltd has completed the divestment of its Webbs Consol Silver Project to Rapid Critical Metals Limited, receiving a total value of $9.845 million in cash and shares. This transaction strengthens Lode’s financial position, allowing it to focus on its flagship Montezuma Silver and Antimony Project in Tasmania and the Magwood Antimony Project in New South Wales, while maintaining a strategic interest in the consolidated silver deposits through a shareholding and royalty arrangement with Rapid.
More about Lode Resources Ltd
Lode Resources Ltd is a company involved in the exploration and development of mineral resources, focusing primarily on silver and antimony projects. The company operates within the mining industry and has a market focus on critical minerals in Australia, particularly in Tasmania and New South Wales.
Average Trading Volume: 618,156
Technical Sentiment Signal: Buy
Current Market Cap: A$29.93M
For an in-depth examination of LDR stock, go to TipRanks’ Overview page.