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Armada Metals Ltd. ( (AU:RCM) ) just unveiled an update.
Rapid Critical Metals Limited has announced an update regarding its acquisition of the Webbs Consol Silver Project, which is set to significantly enhance its silver resource portfolio. The acquisition, valued at A$3.75 million and 115 million RCM shares, is strategically timed with strong silver prices, and aims to secure a high-grade silver corridor in northeast New South Wales. This move is expected to unlock district-scale exploration potential and improve project economics, with the company already having raised $10.5 million to support ongoing operations.
More about Armada Metals Ltd.
Rapid Critical Metals Limited is a company in the mining industry, focusing on the acquisition and development of high-grade silver deposits. The company is listed on the ASX under the ticker RCM and is involved in projects that enhance its scale and operational synergies within the silver mining sector.
Average Trading Volume: 4,137,049
Technical Sentiment Signal: Sell
Current Market Cap: A$21.72M
See more insights into RCM stock on TipRanks’ Stock Analysis page.