RMX 0.00% 1.0¢ red mountain mining limited

Ann: Red Mountain raises $1.75m to progress Red Valley Project, page-64

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  1. 3,354 Posts.
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    From the ann:
    I have highlighted the important point.

    The Company intends to use the funds raised to:
    - undertake its drilling program at the Red Valley Lithium Brines Project in Utah;
    - analyse and assess Red Valley drill results;
    - progress the acquisition of the Red Valley Lithium Brines Project (at RMX’s election, post-drilling);
    - to review and assess complementary new assets;
    - for general working capital; and
    - any costs associated with the Placement.
 
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