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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 (3.33%)+
Announcement
Release
31 Jul 2026 8:33AM
Price at Release
$0.030
Full Release
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Summary
Rapid Critical Metals Limited (ASX: RCM) reported its activities for the quarter ending June 30, 2026. The company advanced its dual-asset strategy, notably beginning drilling at the Webbs Silver Project in New South Wales and receiving a permit for the Prophet River Gallium-Germanium Project in Canada. It acquired an 80% interest in Green Copper Pty Ltd, enhancing its NSW operations. Financial highlights include a net cash decrease, with $7.6 million in cash equivalents at quarter-end, and operating expenses primarily for exploration. The company held its Annual General Meeting in May 2026 and made significant progress in metallurgical testing and resource expansion at its key projects.
Key Points
  • Commenced drilling at Webbs Silver Project, NSW
  • Received BC Mines Act Permit for Prophet River project
  • Acquired 80% interest in Tooloom Silver Project
  • Outstanding metallurgical test results at Webbs and Consol
  • Net cash used in operating activities totalled $455,000
  • Cash and cash equivalents at quarter-end were $7.6 million
  • Held Annual General Meeting electing new directors
  • Lodged new exploration licence application ELA7053
  • Developed district-scale exploration strategy
  • Reported on ongoing project development and future plans
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.