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Armada Metals Ltd. ( (AU:RCM) ) has provided an update.
Rapid Critical Metals Limited has announced the acquisition of the Webbs Consol Silver Project from Lode Resources Limited, significantly increasing its scale and consolidating one of the highest-grade silver projects in Australia. The acquisition involves a payment of A$3 million, additional payments, and the issuance of new shares, with the transaction subject to customary conditions and shareholder approval. This strategic move is expected to enhance Rapid’s resource holdings and industry positioning.
More about Armada Metals Ltd.
Rapid Critical Metals Limited operates in the mining industry, focusing on the acquisition and development of mineral projects. The company primarily deals with critical metals, and its market focus includes expanding its resource base and enhancing its position in high-grade mineral projects.
Average Trading Volume: 8,405,158
Technical Sentiment Signal: Sell
Current Market Cap: A$55.9M
Learn more about RCM stock on TipRanks’ Stock Analysis page.