I agree, this will be an additional acquisition of another...

I agree, this will be an additional acquisition of another resource that they've been hinting at in the past.

24th Feb 2017
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.

31st Jan 2017
The Board continues to identify and review additional opportunities in the gold and energy metals space and will provide updates as and when required in this respect.

3rd November 2016
New board continuing to seek further opportunities in gold and new energy metals sector to deliver further growth