Rapid Critical Metals Issues Shares for 80% Stake in Green Copper

Armada Metals Ltd. ( (AU:RCM) ) has shared an update.

Rapid Critical Metals Limited has issued 2,870,044 fully paid ordinary shares at a deemed price of A$0.03484 per share as consideration for acquiring an 80% interest in Green Copper Pty Ltd, a transaction previously announced to the ASX. The company states that the shares were issued without a disclosure document under the Corporations Act, confirms its compliance with relevant reporting and disclosure obligations, and notes that there is no excluded information that would require additional disclosure to shareholders.

The share issuance strengthens Rapid Critical Metals’ ownership of strategic copper-related assets through the Green Copper acquisition, potentially enhancing its exposure to critical metals markets. By confirming ongoing compliance with Australian corporate reporting and continuous disclosure requirements, the company seeks to reassure investors about governance standards and transparency around the equity-funded expansion.

More about Armada Metals Ltd.

Rapid Critical Metals Limited is an Australian-listed resources company focused on critical metals, with its securities trading on the ASX under the codes RCM and RCMO. The company operates within the mining and exploration sector, targeting assets such as those held by Green Copper Pty Ltd to expand its portfolio of strategic metal interests.

Average Trading Volume: 4,475,461

Technical Sentiment Signal: Sell

Current Market Cap: A$41.76M

Learn more about RCM stock on TipRanks’ Stock Analysis page.