Rapid Critical Metals (ASX:RCM) said it repaid in full the outstanding amount of AU$379,500 via an unsecured note bridging facility, which was inherited as part of the acquisition of Midwest Lithium in 2024, according to a Friday Australian bourse filing.
The facility was repaid half in cash and half in shares of the firm at around AU$0.075 per share.
Its shares fell 22% in recent trading on Friday.