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Armada Metals Ltd. ( (AU:RCM) ) has provided an update.
Rapid Critical Metals has completed the acquisition of the Webbs Consol Silver Project from Lode Resources, consolidating a contiguous, high‑grade silver corridor in northern New South Wales that adds an estimated 32 million ounces silver equivalent to its existing Webbs and Conrad deposits. The company reported discovery of a new parallel silver lode and broad high‑grade intersections at its wholly owned Webbs Silver Project, is planning a substantially expanded drill campaign in 2026 and has engaged METS Engineering for a scoping study across its NSW silver assets, while also strengthening its board with the appointment of veteran mining investor John Poynton as chairman, exiting non-core US projects, extending Canadian claims and ending the year with more than A$15 million in cash and equity to fund growth in a record silver price environment.
More about Armada Metals Ltd.
Rapid Critical Metals Limited is an ASX-listed explorer focused primarily on high‑grade silver assets in New South Wales, Australia, and also holds exploration interests in Canada and the United States. The company is building a district-scale silver position in the New England Fold Belt through projects including Webbs, Conrad and the newly acquired Webbs Consol, while maintaining earlier-stage critical metals prospects in British Columbia and a residual portfolio in the US.
Average Trading Volume: 6,269,346
Technical Sentiment Signal: Hold
Current Market Cap: A$93.86M
For an in-depth examination of RCM stock, go to TipRanks’ Overview page.