Rapid Critical Metals Seals Silver Deal and Names Byron Miles Managing Director
Rapid Critical Metals has completed its acquisition of Silver Metal Group’s subsidiaries, marking a strategic expansion into silver, while appointing Byron Miles as its new Managing Director to steer the company’s next growth phase.
- Acquisition of Conrad Resources and Webbs Resources completed
- Byron Miles appointed Managing Director effective 24 July 2025
- Former Managing Director Martin Holland and Michael Schlumpberger become Non-Executive Directors
- Acquisition aligns with company’s focus on silver and critical metals
- Byron Miles brings 18 years of mergers and acquisitions expertise
Strategic Acquisition Completed
Rapid Critical Metals Limited (ASX – RCM) has officially completed the acquisition of two key silver-focused subsidiaries, Conrad Resources Pty Ltd and Webbs Resources Pty Ltd, previously owned by Silver Metal Group Limited. This transaction, first announced in May 2025 and approved by shareholders in July, represents a significant step in Rapid’s strategy to bolster its portfolio in silver and other critical metals.
Leadership Transition to Drive Growth
Coinciding with the acquisition, Rapid has appointed Byron Miles as Managing Director, effective 24 July 2025. Mr. Miles, a seasoned financial market professional with over 18 years’ experience in stockbroking, fund management, and mergers and acquisitions, is expected to bring a fresh strategic perspective. His track record includes guiding companies from early stages to profitability, a skill set well-suited to Rapid’s growth ambitions.
Board Reshuffle Reflects New Phase
With Mr. Miles stepping into the Managing Director role, former Managing Director Martin Holland and fellow executive Michael Schlumpberger will transition to Non-Executive Director positions. This reshuffle signals a shift from the execution phase of Rapid’s transformative strategy to a phase focused on consolidation and value creation under new leadership.
Strategic Implications for Rapid and Investors
The acquisition of silver assets through Conrad and Webbs Resources expands Rapid’s footprint in critical metals, a sector gaining increasing attention amid global supply concerns. Chairman Rick Athon praised the outgoing leadership for positioning the company with strong funding and valuable assets, while expressing confidence in Byron Miles’ ability to capitalize on these foundations. Investors will be watching closely to see how the new Managing Director leverages these assets to drive growth and shareholder value.
Looking Ahead
While the announcement outlines the leadership and acquisition milestones, details on operational integration, production timelines, and financial impacts remain forthcoming. The market will be eager for updates on how these silver projects contribute to Rapid’s overall portfolio and profitability in the coming quarters.
Bottom Line?
Rapid Critical Metals’ acquisition and leadership change set the stage for a pivotal growth chapter focused on silver and critical metals expansion.
Questions in the middle?
- What are the expected production timelines and output forecasts for the newly acquired silver assets?
- How will Byron Miles’ strategic vision reshape Rapid’s exploration and development priorities?
- What financial impacts and capital requirements will arise from integrating Conrad and Webbs Resources?