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Resource Mining Corporation Limited ( (AU:RMI) ) has issued an announcement.
Resource Minerals International Ltd (RMI) has successfully completed a $1 million share placement to fund their exploration activities across multiple continents. The funds will support geophysics and drilling campaigns in Saudi Arabia and Tanzania targeting gold, gold-silver, and copper-gold deposits, as well as exploration of lithium projects in Finland. Additionally, the placement enables the repurchase of convertible securities, leaving the company debt-free, and positions RMI for further growth and value creation for stakeholders.
More about Resource Mining Corporation Limited
Resource Minerals International Ltd (ASX:RMI) is a mining company focused on the exploration and development of critical and precious metals projects across three continents. It operates copper-gold and nickel exploration projects in Tanzania, lithium exploration in Finland, and gold-silver exploration projects in Saudi Arabia. The company aims to deliver long-term shareholder value while maintaining sustainability and strong community ties.
Average Trading Volume: 1,346,975
Technical Sentiment Signal: Buy
Current Market Cap: A$22.67M
For a thorough assessment of RMI stock, go to TipRanks’ Stock Analysis page.