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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.