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Lode Resources Ltd ( (AU:LDR) ) has issued an announcement.
Rapid Critical Metals Limited has completed the acquisition of the Webbs Consol Silver Project in New South Wales from Lode Resources Limited. This acquisition is seen as a strategic investment that consolidates a district-scale silver corridor, enhances discovery potential, and positions the company for growth with proximity to infrastructure and favorable silver market conditions. The acquisition supports Rapid’s strategy to become a leading silver-focused growth company on the ASX, with plans to accelerate exploration and development activities to create long-term shareholder value.
More about Lode Resources Ltd
Rapid Critical Metals (ASX: RCM, RCMO) is an exploration company focused on the discovery and development of high-grade silver and critical mineral assets. The company has a portfolio that includes the Webbs Consol and Webbs and Conrads Silver Projects in New South Wales, Australia, and the Prophet River Gallium-Germanium Project in British Columbia, Canada. Rapid is headquartered in Sydney and is strategically positioned for growth through aggressive exploration and development.
Average Trading Volume: 618,156
Technical Sentiment Signal: Buy
Current Market Cap: A$29.93M
Learn more about LDR stock on TipRanks’ Stock Analysis page.