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Rimfire Pacific Mining Limited ( (AU:RIM) ) has issued an update.
Rimfire Pacific Mining Limited has announced that the arbitrator has set aside termination notices related to its agreements with Golden Plains Resources Pty Ltd for the Fifield and Avondale projects. The company has decided not to appeal the arbitrator’s award and is working with GPR during the interim period. A further hearing is scheduled for September to address any additional relief and costs. Additionally, Rimfire is initiating a capital raising and has requested a continuation of its voluntary suspension until the outcome is determined. This suspension is expected to remain in place until July 22, 2025, as the company continues to update the market in line with its obligations.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in projects such as the Fifield Project and the Avondale Project, working in collaboration with partners like Golden Plains Resources Pty Ltd.
Average Trading Volume: 2,127,388
Technical Sentiment Signal: Sell
Current Market Cap: A$60.62M
For an in-depth examination of RIM stock, go to TipRanks’ Overview page.