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Lode Resources Ltd ( (AU:LDR) ) has issued an update.
Lode Resources Ltd has entered into a binding agreement with Rapid Critical Metals to divest its Webbs Consol silver project in northeast New South Wales. The transaction, valued at A$3.75 million in cash and 115 million shares in Rapid, will enhance Lode’s balance sheet and support increased exploration activities at its other projects. The deal also includes a 2% NSR royalty over Webbs Consol and provides Lode shareholders with exposure to a consolidated group of high-grade silver deposits, potentially leading to unified mine planning and operational synergies.
More about Lode Resources Ltd
Lode Resources Ltd operates in the mining industry, focusing on exploration and development of mineral resources. The company is involved in projects related to silver, antimony, and gold, with a significant market focus on mineral resource exploration in Australia.
Average Trading Volume: 345,445
Technical Sentiment Signal: Buy
Current Market Cap: A$24.27M
See more data about LDR stock on TipRanks’ Stock Analysis page.