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Armada Metals Ltd. ( (AU:RCM) ) has shared an announcement.
Rapid Critical Metals Ltd has applied to the ASX for quotation of 2,870,044 new ordinary fully paid shares. The securities are being issued as consideration for the acquisition of an 80% stake in Green Copper Pty Ltd, strengthening the company’s portfolio in critical metals.
The new shares, dated 5 May 2026, will expand the company’s issued capital base on completion of the transaction. The move underscores Rapid Critical Metals’ strategy of using equity to fund growth-stage acquisitions in critical minerals, with potential implications for ownership dilution and future project pipeline development.
More about Armada Metals Ltd.
Rapid Critical Metals Ltd is an Australian-listed resources company focused on critical metals exploration and development. Its ordinary fully paid shares trade on the ASX under the code RCM, giving investors exposure to assets aligned with demand for energy transition and industrial metals.
Average Trading Volume: 4,475,461
Technical Sentiment Signal: Sell
Current Market Cap: A$41.76M
See more insights into RCM stock on TipRanks’ Stock Analysis page.