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The latest announcement is out from Armada Metals Ltd. ( (AU:RLL) ).
Rapid Lithium Limited, previously known as Armada Metals Limited, is focused on the exploration and development of lithium assets and other minerals. In the recent quarter, Rapid Lithium completed a capital raising of AUD$1.35 million and acquired Midwest Lithium Limited, enhancing its asset portfolio and appointing new directors. The company also announced a partially underwritten capital raising of $1 million through an entitlement offer and decided not to proceed with acquiring New Energy (US) Inc. Additionally, Rapid Lithium expanded its operations into Canada by acquiring mineral claims for the exploration of zinc, germanium, and gallium.
More about Armada Metals Ltd.
Average Trading Volume: 604,511
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of RLL stock, go to TipRanks’ Stock Analysis page.