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Rimfire Pacific Mining Sharpens Scandium Focus with Cowal Project Divestment

Story Highlights
  • Rimfire Pacific Mining focuses on scandium in Australia’s Fifield District.
  • Rimfire’s Cowal Project sale to Copper Search aids scandium strategy amid global supply concerns.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rimfire Pacific Mining Sharpens Scandium Focus with Cowal Project Divestment

Confident Investing Starts Here:

Rimfire Pacific Mining Limited ( (AU:RIM) ) has shared an announcement.

Rimfire Pacific Mining Limited has entered into an Option to Purchase Agreement with Copper Search Limited for its Cowal Copper Gold Project in New South Wales. This transaction, valued at $700,000 if all milestones are achieved, allows Rimfire to concentrate on its scandium operations in the Fifield District. The agreement comes at a strategic time as global scandium supply faces potential disruptions due to Chinese export restrictions, positioning Rimfire as a potential long-term supplier of this critical mineral for Western markets.

More about Rimfire Pacific Mining Limited

Rimfire Pacific Mining Limited is an Australian company operating in the mining industry, primarily focusing on scandium, a critical mineral. The company holds significant scandium-prospective landholdings in the Fifield District, which is considered Australia’s scandium epicenter.

Average Trading Volume: 2,718,230

Technical Sentiment Signal: Sell

Current Market Cap: A$52.88M

For an in-depth examination of RIM stock, go to TipRanks’ Stock Analysis page.

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