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Armada Metals Ltd. ( (AU:RCM) ) has shared an announcement.
Rapid Critical Metals Limited has announced its acquisition of the Webbs Consol Silver Project from Lode Resources Limited, positioning itself as Australia’s highest-grade silver company. This strategic acquisition combines Webbs Consol with Rapid’s existing Webbs and Conrad deposits, resulting in a significant increase in mineral resources to approximately 67Moz AgEq. The consolidation creates a contiguous high-grade silver belt with substantial exploration potential, enhancing Rapid’s growth prospects amid strong silver market conditions. The acquisition is expected to unlock new discovery potential, enable integrated development, and provide operating synergies, thereby accelerating exploration and development activities to deliver long-term value for shareholders.
More about Armada Metals Ltd.
Rapid Critical Metals Limited (ASX: RCM) is an Australian company operating in the mining industry, primarily focusing on silver exploration and development. The company is involved in the acquisition and development of high-grade silver deposits, with a strategic emphasis on creating a regional silver platform in New South Wales.
Average Trading Volume: 3,217,243
Technical Sentiment Signal: Sell
Current Market Cap: A$19.8M
For a thorough assessment of RCM stock, go to TipRanks’ Stock Analysis page.