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The latest update is out from Armada Metals Ltd. ( (AU:RLL) ).
Rapid Lithium Limited, a company operating in the critical minerals sector, has announced the acquisition of two high-grade silver projects in New South Wales from Silver Metal Group Limited for A$6.50 million. The acquisition includes the Conrad and Webbs Silver Projects, which collectively hold approximately 34.9 million silver equivalent ounces. This strategic move allows Rapid Lithium to expand its portfolio in a robust silver market, with plans to initiate modern exploration and drilling to unlock further potential in these historically significant sites.
More about Armada Metals Ltd.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.11M
For detailed information about RLL stock, go to TipRanks’ Stock Analysis page.