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An announcement from Red Mountain Mining Ltd ( (AU:RMX) ) is now available.
Red Mountain Mining Ltd has successfully raised $0.65 million through a heavily oversubscribed placement, which will fund the acceleration of exploration at its Armidale Antimony-Gold Project. The placement, supported by strategic investors, underscores confidence in the company’s exploration initiatives, which include high-grade antimony mineralization findings at Oaky Creek. The funds will also support exploration at the Kiabye Gold Project in Western Australia and the Fry Lake Gold Project in Canada, as well as provide working capital.
More about Red Mountain Mining Ltd
Red Mountain Mining Limited (ASX: RMX) is a mineral exploration and development company with a focus on critical minerals such as gold, lithium, and base metals. The company operates projects in Australia, Canada, and the USA, including the Armidale Antimony-Gold Project in New South Wales, the Kiabye Gold Project in Western Australia, and the Fry Lake Gold Project in Canada.
Average Trading Volume: 13,536,027
Technical Sentiment Signal: Sell
Current Market Cap: A$4.65M
See more insights into RMX stock on TipRanks’ Stock Analysis page.