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An announcement from Armada Metals Ltd. ( (AU:RCM) ) is now available.
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 enhances Lode’s financial position, enabling further exploration and development of its key projects in Tasmania and New South Wales, while also providing Lode shareholders with exposure to a consolidated silver resource through Rapid’s holdings.
More about Armada Metals Ltd.
Lode Resources Ltd is a company operating in the mining industry, focusing on exploration and development of mineral resources. Its primary products include silver and antimony, with a market focus on critical minerals within Australia.
Average Trading Volume: 10,523,850
Technical Sentiment Signal: Sell
Current Market Cap: A$43.92M
Find detailed analytics on RCM stock on TipRanks’ Stock Analysis page.