Refined Metals Corp (OTCMKTS:RFMCF) Stock Gains After Filing of Simard Technical Report
A company which may be worth tracking this morning is Refined Metals Corp (OTCMKTS:RFMCF) in light of the announcement made by the company on Thursday. The company announced yesterday that it had completed the filing of an independent technical report for its Simard NE Lithium Property.
Trading Data
On Thursday, RFMCF stock soared 6.67% to $0.1248 with more than 1.35K shares, compared to volume of 15.51K shares. The stock moved within a range of $0.1235 – 0.1248 after opening trade at $0.1235.
Refined Metals Corp. Announces Filing of Simard Technical Report
The technical report recommended exploration of the property across two phases and the first phase had in fact been already announced by the company back on January 30, 2023. The interest that Refined Metals holds in the property is by virtue of a property option agreement. That agreement provided the company with the right to acquire 100% interest in exchange for a series of cash payment, exploration expenditures and issuance of common shares in Refined Metals.
The Simard NE Lithium Property Technical Report had been prepared by the independent qualified person Martin Ethier of Hinterland Geoscience and Geomatics. The report had been prepared in line with the requirements of the Canadian Securities Administrator’s National Instrument 43-101 – Standards of Disclosure for Mineral Projects. It can also be found on the company’s profile on the SEDAR website. Refined Metals is described as a junior mining company and is mainly involved in acquiring interests in mining assets in North America.
