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Armada Metals Ltd. ( (AU:RCM) ) has shared an update.
Rapid Critical Metals Limited has successfully raised A$14 million through a two-tranche placement, attracting significant investment from high-profile institutional and professional investors, including Eric Sprott, Jupiter Asset Management, and Tribeca Investment Partners. The funds will primarily be used for the acquisition of the Webbs Consol Project and to accelerate exploration activities in New South Wales and Canada, positioning the company for growth in the silver mining sector.
More about Armada Metals Ltd.
Rapid Critical Metals Limited is a company operating in the mining industry, focusing on silver exploration in New South Wales, Australia. The company aims to become Australia’s next high-grade silver mine and has a strong institutional shareholder base.
Average Trading Volume: 4,137,049
Technical Sentiment Signal: Sell
Current Market Cap: A$21.72M
For a thorough assessment of RCM stock, go to TipRanks’ Stock Analysis page.