• Sale of Ingersoll project in South Dakota to Iris Metals for US$625,000 in shares and US$50,000 cash
• Completion of Tin Mountain project sale to Iris Metals, including US$300,000 cash payment and 2% gross revenue royalty
• Rapid Critical Metals is focused on advancing high-grade silver and critical mineral projects in Tier-1 jurisdictions

Rapid Critical Metals Limited (ASX: RCM) has entered into a Sale Purchase Agreement with a subsidiary of ASX-listed Iris Metals Limited (ASX: IR1) for the sale of the company's Ingersoll private project properties in South Dakota, USA. The consideration payable to Rapid under the transaction includes a US$625,000 share issuance in Iris Metals shares and a US$50,000 cash payment. The company is also pleased to advise that the sale of the Tin Mountain Project in South Dakota, USA has also recently completed. Pursuant to the agreement, also with a subsidiary of Iris Metals, the 7,455,912 consideration shares in Iris Metals have been issued to Rapid. In addition, Iris Metals has assumed a US$300,000 cash payment to the original claim vendor, F3 Gold LLC, and a 2% gross revenue royalty on future production from the 93 claims. Rapid Critical Metals is an ASX-listed explorer focused on advancing high-grade silver and critical mineral projects in Tier-1 jurisdictions, including the Webbs and Conrads Silver Projects in New South Wales and the Prophet River Gallium-Germanium Project in British Columbia, Canada.