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Resource Minerals International Ltd (ASX:RMI)

ALERT: Price-sensitive ASX Announcement for RMI
Current share price for RMI : $0.180 0.152 (542.86%)+
Announcement
Release
18 Dec 2025 9:18AM
Price at Release
$0.028
Full Release
download
Summary
Resource Minerals International Ltd (RMI) announced the successful completion of a $1 million placement, issuing 40 million shares at $0.025 per share. The funds will be used for exploration activities in Saudi Arabia, Tanzania, and Finland, as well as the repurchase of convertible securities, leaving RMI debt-free. The placement was supported by existing shareholders and new sophisticated investors, and the shares will be issued under the ASX Listing Rule 7.1A within five business days. RMI's diversified portfolio includes critical and precious metals projects across three continents, and this financial support is expected to enhance shareholder value. The company is particularly excited about upcoming geophysics and drilling programs in Saudi Arabia and Tanzania, as well as the potential of its lithium projects in Finland.
Key Points
  • RMI raised $1 million through a share placement.
  • 40 million shares issued at 2.5 cents per share.
  • Funds for exploration in Saudi Arabia, Tanzania, and Finland.
  • Debt-free status achieved by repurchasing convertible securities.
  • Placement supported by existing and new sophisticated investors.
  • Exploration projects include critical and precious metals.
  • Upcoming drilling programs in Saudi Arabia and Tanzania.
  • Potential growth in Finnish lithium projects.
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.