Rapid Critical Metals Secures AU$14 Million Through Share Placement

MT Newswires Live

2025/09/17

Rapid Critical Metals (ASX: RCM) has secured around AU$14 million through a placement of 400 million new shares priced at AU$0.035 each, reflecting an 8% premium to the recent volume-weighted average price, according to a Wednesday filing with the Australian bourse.

The placement will be conducted in two tranches, with tranche 1 raising about AU$5.6 million through 159.7 million shares under the company's existing placement capacity and tranche 2 targeting around AU$8.4 million via 240.3 million new shares, subject to shareholder approval, the filing said.

Funds will be used to complete the Webbs Consol acquisition from Lode Resources (ASX:LDR), settle $379,500 in facility notes, fund exploration of the New South Wales silver and Canadian germanium-gallium projects, and support general working capital, the filing added.

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