UPDATE .. According to the RCF Acquisition Fund’s May 15, 2023...

UPDATE ..
According to the RCF Acquisition Fund’s May 15, 2023 update there is a target (unnamed) which the fund is currently aiming at:

https://rcfacquisitioncorp.com/news...announces-results-of-shareholder-redemptions/
RCF Acquisition Corp. Announces Results of Shareholder Redemptions

MAY 15, 2023
All Proposals Submitted to Shareholders at the Extraordinary General Meeting Were Approved
$136.7 million Remaining in Trust Account After Redemptions

Denver, Colorado, May 15, 2023 (GLOBE NEWSWIRE) – RCF Acquisition Corp. (“RCFA” ) , a special purpose acquisition company, today announced that each of the proposals submitted at its extraordinary general meeting in lieu of annual meeting of shareholders (the “Extraordinary General Meeting” ) , which was held on May 9, 2023, were approved.

At the Extraordinary General Meeting, RCFA sought shareholder approval to, among other things, extend the time it has to consummate an initial business combination from May 15, 2023 to May 15, 2024 (the “Extended Date” ) .

After taking into account the number of shares that were submitted for redemption, the Company expects to have approximately $136.7 million remaining in its trust account established in connection with its initial public offering.

As previously announced, on March 14, 2023, RCFA signed a non-binding letter of intent for a business combination with a company in the critical minerals sector (“Target” ) . RCFA continues to work diligently toward consummating an initial business combination by the Extended Date.

However, no assurances can be made that RCFA and Target will successfully negotiate and enter into a definitive agreement regarding a business combination or that RCFA will be able to consummate an initial business combination by the Extended Date.

Any transaction would be subject to board and equity holder approval of both companies, regulatory approvals and other customary closing conditions.