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Red Mountain Mining Ltd ( (AU:RMX) ) has provided an announcement.
Red Mountain Mining Ltd has initiated an expanded exploration program at its Armidale Antimony-Gold Project in New South Wales, Australia, with the aim of defining Antimony-Gold targets for drill testing by the first half of 2026. The company has discovered new antimony veins at the Oaky Creek prospect, enhancing its exploration prospects. Additionally, Red Mountain’s US Critical Minerals assets are progressing, with assay results expected by January 2026. A successful $1.35 million placement has bolstered the company’s financial position to support its exploration activities.
More about Red Mountain Mining Ltd
Red Mountain Mining Ltd is a Critical Minerals exploration and development company with a growing portfolio in Tier-1 Mining Districts in the United States and Australia. The company focuses on exploring and developing Antimony and Gold resources.
YTD Price Performance: 200%
Average Trading Volume: 29,188,523
Technical Sentiment Signal: Sell
Current Market Cap: A$25.99M
For a thorough assessment of RMX stock, go to TipRanks’ Stock Analysis page.