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Armada Metals Ltd. ( (AU:RCM) ) just unveiled an update.
Rapid Critical Metals Ltd. has successfully acquired the Prophet River Gallium-Germanium Project in British Columbia, Canada, which spans 2,110 hectares and includes the historic Cay Mine. The project is significant due to its high Germanium values, a strategic metal in the technology sector, especially after China’s export ban on Germanium and Gallium. The company plans to conduct exploration activities, including geologic mapping and sampling, alongside geophysical work approved by the British Columbia Ministry of Mining and Critical Minerals. These efforts aim to confirm historic sample results and develop new drill targets, marking a strategic milestone for Rapid’s growth.
More about Armada Metals Ltd.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.83M
For a thorough assessment of RCM stock, go to TipRanks’ Stock Analysis page.