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Rimfire Pacific Mining Limited ( (AU:RIM) ) has issued an announcement.
Rimfire Pacific Mining Limited has announced a successful equity raising of $3.5 million to advance its scandium projects in New South Wales. The funds will be used to enhance the scandium resource base across its Fifield, Avondale, and Rabbit Trap projects, with specific plans to deliver mineral resource estimates at key prospects by 2026. This financial move strengthens Rimfire’s position in the critical minerals sector and enables the company to meet its exploration commitments and working capital needs, potentially increasing value for stakeholders.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited is a company operating in the mining industry, focusing on the exploration and development of scandium resources. The company is involved in several projects in New South Wales, Australia, including the Fifield, Avondale, and Rabbit Trap projects, which are aimed at expanding its scandium resource base.
Average Trading Volume: 2,156,007
Technical Sentiment Signal: Sell
Current Market Cap: A$60.62M
For detailed information about RIM stock, go to TipRanks’ Stock Analysis page.