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The latest announcement is out from Red Mountain Mining Ltd ( (AU:RMX) ).
Red Mountain Mining Ltd has successfully raised $400,000 through a convertible note issuance to fund its upcoming exploration programs at the Kiabye Gold Project in Western Australia and the Armidale Antimony-Gold Project in New South Wales. This funding, supported by both new and existing investors, will enable the company to progress RC drilling at high-priority gold targets and continue exploration efforts, potentially enhancing its market position in the gold and battery metals sector.
More about Red Mountain Mining Ltd
Red Mountain Mining Limited (ASX: RMX) is a mineral exploration and development company with a portfolio of critical minerals including gold, lithium, and base metal projects located in Canada, Australia, and the USA. The company is actively progressing its Fry Lake project in Ontario, Canada, the Kiabye Gold Project in Western Australia, and the Armidale Antimony-Gold Project in New South Wales, along with Nevada Lithium Projects.
Average Trading Volume: 13,000
Technical Sentiment Signal: Buy
Current Market Cap: €2.11M
Find detailed analytics on RMX stock on TipRanks’ Stock Analysis page.