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Rapid Critical Metals Limited (ASX:RCM)

ALERT: Price-sensitive ASX Announcement for RCM
Current share price for RCM : $0.033 0.002 (6.45%)+
Announcement
Release
16 Jun 2026 8:30AM
Price at Release
$0.031
Full Release
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Summary
Rapid Critical Metals Limited has obtained the BC Mines Act Permit for its Prophet River Gallium-Germanium Project in British Columbia, facilitating a comprehensive exploration program over five years. The initiative targets five key geophysical anomalies, with particular emphasis on Anomalies 1, 3, and 4, nearest to historical drilling sites. This project is critical in addressing the global supply challenges for gallium and germanium, strategically situated in a region known for high-grade mineral deposits. The company plans to start drilling in late July 2026, aiming to secure a stable supply of these essential minerals, crucial for technological and defense applications.
Key Points
  • Rapid Critical Metals Limited received BC Mines Act Permit for Prophet River Gallium-Germanium Project.
  • Permit allows for a five-year exploration program with up to 50 drill sites.
  • Priority anomalies identified for drilling include Anomalies 1, 3, and 4.
  • Prophet River project aims to address the global gallium and germanium supply challenge.
  • Rock chip sampling confirmed high-grade mineralisation with up to 763 g/t Ge and 65.5 g/t Ga.
  • Prophet River sits within the Robb Lake Belt, known for Mississippi Valley-Type deposits.
  • Drilling starts in late July 2026, following caribou migration period.
  • Gallium and germanium are critical for technology and defense industries.
  • The project is positioned in a stable, Western jurisdiction, essential for securing critical minerals.
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.