Red Mountain Mining Secures High-Grade Thompson Falls Antimony Project Near Sole US Smelter

Red Mountain Mining Ltd ( (AU:RMX) ) has provided an update.

Red Mountain Mining has acquired the Thompson Falls Antimony Project on the Montana–Idaho border, just 4.2 km from United States Antimony Corporation’s operations and the only antimony smelter in the US. Initial fieldwork has already identified three historical underground mines and a pit, with first assays returning high-grade antimony and gold, and the project is considered highly prospective for silver given its location at the eastern end of the prolific Coeur d’Alene mineral district. The acquisition significantly bolsters Red Mountain’s North American critical minerals footprint and aligns the company with renewed US efforts to secure domestic supplies of antimony and silver, while complementing its ongoing exploration and technical work across its Utah, Idaho and Armidale (NSW) projects.

The most recent analyst rating on (AU:RMX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Red Mountain Mining Ltd stock, see the AU:RMX Stock Forecast page.

More about Red Mountain Mining Ltd

Red Mountain Mining Ltd (ASX: RMX, US OTCQB: RMXFF) is a critical minerals exploration and development company with an established portfolio in Tier-1 mining districts in the United States and Australia. The company focuses on antimony, silver and other critical minerals, with current projects in Utah, Idaho and New South Wales that are positioned to benefit from increasing US and Australian government support for secure strategic minerals supply chains.

Average Trading Volume: 9,858,395

Technical Sentiment Signal: Sell

Current Market Cap: A$25.41M

For a thorough assessment of RMX stock, go to TipRanks’ Stock Analysis page.