Quarterly Activities/Appendix 5B Cash Flow Report

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Stock RCM.ASX (RCM.ASX)
Release Time 29 Oct 2025, 12:38 p.m.
Price Sensitive Yes
 Rapid Critical Metals Quarterly Activities Report
Key Points
  • Executed binding agreement to acquire Webbs Consol Silver Project
  • Completed $14M two-tranche placement with cornerstone support
  • Acquired Conrad and Webbs Silver Projects in NSW
Full Summary

Rapid Critical Metals Limited (ASX: RCM) has provided a quarterly activities report highlighting key corporate and operational developments. The company executed a binding agreement to acquire the Webbs Consol Silver Project in northeast New South Wales, which adds 32Moz AgEq at high grades to RCM's existing portfolio. RCM also completed a $14M two-tranche placement, attracting cornerstone support from renowned investors. The company completed the acquisition of the Conrad and Webbs Silver Projects in the New England Fold Belt of NSW, and appointed Byron Miles as the new Managing Director. RCM was granted a new exploration license (EL9799) that significantly expands its landholding and consolidates a strategic position across a highly prospective silver corridor. The company commenced drilling at the Webbs Silver Project and is focused on upgrading the resource, improving geological confidence, and testing highly prospective southern extensions and potential parallel lodes.