Rapid Critical Metals Raises AU$10.5 Million Via Share Placement; Shares Hit 52-Week High

MT Newswires Live

2025/06/26

Rapid Critical Metals (ASX:RCM) received firm commitments to raise around AU$10.5 million through the issue of 437.5 million shares to institutional, sophisticated, and professional investors at AU$0.024 each, according to a Thursday filing with the Australian bourse.

Proceeds will be used to acquire the Conrad and Webbs silver projects in New South Wales, the filing added.

Foster Stockbroking and GBA Capital acted as joint lead managers and joint bookrunners to the placement, the company said.

Shares of the company rose 50% in recent Thursday trade, hitting a 52-week high.

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