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Rapid Critical Metals Issues 159 Million New Shares in Strategic Placement

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Rapid Critical Metals Issues 159 Million New Shares in Strategic Placement

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Armada Metals Ltd. ( (AU:RCM) ) has issued an announcement.

Rapid Critical Metals Limited, listed on the ASX under the ticker RCM/RCMO, announced the issuance of 159,703,756 fully paid ordinary shares at $0.035 per share as part of the first tranche of a placement. This strategic move is in line with the company’s growth plans and demonstrates compliance with relevant sections of the Corporations Act, potentially enhancing its financial position and market presence.

More about Armada Metals Ltd.

Average Trading Volume: 7,931,589

Technical Sentiment Signal: Sell

Current Market Cap: A$45.36M

See more data about RCM stock on TipRanks’ Stock Analysis page.

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