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An announcement from Rimfire Pacific Mining Limited ( (AU:RIM) ) is now available.
Rimfire Pacific Mining Limited has secured $3.65 million in equity funding to support its scandium exploration efforts, particularly at the Currajong prospect in New South Wales. The funding, which includes a $2 million share placement and $1.65 million from option exercises, will enable a 10,000-meter air core drilling program aimed at confirming high-grade scandium deposits. This initiative is expected to bolster the company’s resource estimation and enhance its position in the scandium market.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited is a company in the critical minerals exploration industry, focusing on scandium exploration. The company operates primarily in Australia, with a market focus on high-grade scandium prospects.
YTD Price Performance: -25.00%
Average Trading Volume: 1,131,034
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$71.89M
See more insights into RIM stock on TipRanks’ Stock Analysis page.