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Red Mountain Mining Ltd ( (AU:RMX) ) has provided an announcement.
Red Mountain Mining Ltd has significantly expanded its Yellow Pine Antimony Project in the Stibnite Mining District, Idaho, USA, by acquiring additional claims that increase the project size by 75%. This expansion positions the project within close proximity to major projects like Perpetua Resources’ Stibnite Gold-Antimony Project and Resolution Minerals’ Horse Heaven Gold-Antimony Project. The move is part of Red Mountain’s strategy to capitalize on the critical shortage of strategic metals and aligns with strong governmental interest in key metals, potentially enhancing the company’s market positioning and stakeholder value.
More about Red Mountain Mining Ltd
Red Mountain Mining Limited is an Australia and United States based company specializing in the exploration and development of critical minerals. The company has an established and growing portfolio in Tier-1 Mining Districts, focusing on strategic and critical metals projects.
YTD Price Performance: 220.0%
Average Trading Volume: 31,580,921
Technical Sentiment Signal: Sell
Current Market Cap: A$25.34M
See more insights into RMX stock on TipRanks’ Stock Analysis page.