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Why Lode Resources Sold Webbs Consol Silver Project for $3.75M and Shares

12:42pm on Friday 5th of September, 2025 AEST Mining
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Why Lode Resources Sold Webbs Consol Silver Project for $3.75M and Shares

12:42pm on Friday 5th of September, 2025 AEST
Key Points
  • Binding agreement to divest Webbs Consol Silver Project to Rapid Critical Metals
  • A$3.75 million cash consideration with staged payments
  • 115 million Rapid shares issued to Lode, representing 15.3% equity
  • Lode retains 2% Net Smelter Royalty on Webbs Consol
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