Armada Metals Ltd. (AU:RLL) has released an update.
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Rapid Lithium Ltd has announced a partially underwritten entitlement offer to accelerate its exploration activities in the USA, aiming to raise up to $2 million. Existing shareholders can purchase new shares at a significant discount and receive free attaching options as part of the offer. The funds will support ongoing exploration projects and potentially renegotiated acquisitions in the US asset portfolio.
For further insights into AU:RLL stock, check out TipRanks’ Stock Analysis page.
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