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Armada Metals Ltd. ( (AU:RCM) ) has shared an update.
Rapid Critical Metals says 2025 marked a defining year in which it pivoted decisively into high-grade silver, acquiring assets in New South Wales and the Webbs Consol Project from Lode Resources, as well as securing a new exploration licence that links its two key projects and increases its prospective strike to about 12km. Backed by A$24.5 million in new institutional funding and a year-end cash and equity position above A$15 million, the company is fully financed for an aggressive 2026 work program that includes a 15,000-metre drill campaign, feasibility study work and ore-sorting tests, after early drilling already delivered broad high-grade intersections and a new mineralised zone 120 metres from the current orebody. The company also expects imminent geophysical results from its high-grade germanium and gallium Prophet River Project in Canada, reinforcing its growth pipeline as it seeks to expand its silver-equivalent resource base towards 100 million ounces and capitalise on record silver prices.
More about Armada Metals Ltd.
Rapid Critical Metals Ltd is an ASX-listed exploration company focused on high-grade silver assets in New South Wales, Australia, and critical metals projects in Canada, including germanium and gallium. The company aims to build a substantial JORC-compliant silver-equivalent resource base and position itself as one of the highest-grade silver players on the ASX, leveraging tier-one jurisdictions and advanced exploration techniques such as microgravity surveying and induced polarisation.
Average Trading Volume: 6,737,636
Technical Sentiment Signal: Sell
Current Market Cap: A$71.29M
For detailed information about RCM stock, go to TipRanks’ Stock Analysis page.