Red Metal’s Sybella Discovery Fuels Market Optimism

Red Metal Limited (AU:RDM) has released an update.

Red Metal Limited has announced a positive outcome from the Phase 2 metallurgical results for the Sybella Rare Earth Oxide (REO) discovery in the Mount Isa region. The company’s share price and market capitalization have seen notable changes from June 2022 to June 2024, with a current market cap of $42 million and cash reserves of $3.0 million as of March 31, 2024. Key stakeholders include Directors/Management, Freeport Minerals, and other substantial shareholders.

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