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Rapid Critical Metals Limited (ASX:RCM)

ALERT: Price-sensitive ASX Announcement for RCM
Current share price for RCM : $0.031 -0.001 (-3.13%)+
Announcement
Release
10 Sep 2025 10:16AM
Price at Release
$0.032
Full Release
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Summary
Rapid Critical Metals Limited (RCM), an ASX-listed explorer, has announced the sale of its Ingersoll US Project properties in South Dakota, USA, to a subsidiary of Iris Metals Limited. The transaction includes a share issuance of US$625,000 worth of Iris Metals shares and a US$50,000 cash payment to RCM. RCM also completed the sale of the Tin Mountain Project, receiving 7,455,912 Iris Metals shares, with Iris Metals assuming a US$300,000 cash payment to the original claim vendor and a 2% gross revenue royalty retained by F3 Gold LLC. These transactions are part of RCM's strategy to focus on high-grade silver and critical mineral projects.
Key Points
  • RCM sold its Ingersoll US Project properties to Iris Metals Limited.
  • The sale includes a US$625,000 share issuance and a US$50,000 cash payment.
  • RCM completed the sale of the Tin Mountain Project.
  • RCM received 7,455,912 Iris Metals shares for Tin Mountain.
  • Iris Metals assumed US$300,000 payment obligations to F3 Gold LLC.
  • F3 Gold LLC retains a 2% royalty on future production.
  • RCM aims to focus on silver and critical mineral projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.