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Armada Metals Ltd. ( (AU:RCM) ) has shared an announcement.
Rapid Critical Metals Limited has entered into a Sale Purchase Agreement with Iris Metals Limited for the sale of its Ingersoll project properties in South Dakota, USA. The transaction involves a share issuance worth US$625,000 and a US$50,000 cash payment to Rapid. Additionally, the company has completed the sale of the Tin Mountain Project, also in South Dakota, to Iris Metals, receiving consideration shares and a cash payment to the original claim vendor. These strategic sales are expected to streamline Rapid’s operations and provide financial resources to focus on its core projects.
More about Armada Metals Ltd.
Rapid Critical Metals is an ASX-listed explorer focused on advancing high-grade silver and critical mineral projects in Tier-1 jurisdictions, including the Webbs and Conrads Silver Projects in New South Wales and the Prophet River Gallium–Germanium Project in British Columbia, Canada. The company is fully funded following a $10.5M capital raise in July 2025, positioning it to accelerate exploration with multiple near-term catalysts ahead.
Average Trading Volume: 4,139,157
Technical Sentiment Signal: Sell
Current Market Cap: A$21.08M
See more data about RCM stock on TipRanks’ Stock Analysis page.