Rapid Critical Metals advances high-grade silver and critical metals portfolio with strong quarter

Armada Metals Ltd. ( (AU:RCM) ) just unveiled an announcement.

Rapid Critical Metals reported a strong March quarter marked by technical progress and portfolio expansion across its key projects. In New South Wales, the company appointed METS Engineering to conduct metallurgical work and a scoping study on its silver projects, while drilling at Webbs delivered further bonanza-grade silver intercepts and confirmed high-grade mineralisation across multiple sections, underpinning plans for an extensive 15,000-metre follow-up program.

The company also advanced its Canadian gallium-germanium asset at Prophet River, where high-grade sampling confirmed historic results and geophysical surveys defined five drill-ready anomalies, with drilling preparations underway. Rapid bolstered its NSW position by acquiring an 80% interest in the Tooloom Silver Project after quarter end, repaid a legacy US$379,500 bridge facility, maintained its U.S. properties in good standing, and closed the period with more than A$8.5 million in cash and a significant stake in Iris Metals, leaving it well funded to capitalise on record silver prices and expand its high-grade asset base.

More about Armada Metals Ltd.

Rapid Critical Metals Ltd is an ASX-listed exploration company focused on high-grade silver and critical metals assets in tier-one jurisdictions, primarily New South Wales, Canada and the United States. Its portfolio includes the Webbs, Conrads and Webbs Consol silver projects in NSW, a gallium-germanium project at Prophet River in Canada, and a residual portfolio of U.S. properties, supported by a strong cash position and a strategic shareholding in Iris Metals.

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Current Market Cap: A$46.53M

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