Latest Resource Minerals International (ASX:RMI) News

Resource Mining Corporation (ASX, RMI) has kicked off a new drilling campaign at its Mpanda Copper-Gold Project in Tanzania, progressed exploration in Saudi Arabia, and strengthened its balance sheet by raising $2 million and repaying all debt.

Resource Mining Corporation has locked in a $5 million convertible securities facility to fund its expanding exploration programs across Tanzania, Saudi Arabia, and Finland. The initial $1.3 million drawdown supports ongoing copper-gold drilling and new gold ventures.

Resource Mining Corporation has raised $2 million through a share placement to accelerate copper-gold exploration in Tanzania, with strong backing from directors including Chairman Asimwe Kabunga.

Resource Mining Corporation Limited (RMI) has responded to a sharp surge in its share price and trading volume, denying any undisclosed material information while pointing to ongoing copper-gold exploration activities at its Mpanda Project in Tanzania.

Resource Mining Corporation (ASX: RMI) reported promising initial gold assays from its Saudi Arabian projects and is evaluating near-term gold production in Tanzania, while managing a constrained cash position and new funding arrangements.

Resource Mining Corporation reports promising copper-gold exploration results at its Mpanda project in Tanzania, secures $1 million in loan funding, and gains an option to acquire a 70% stake in a Saudi Arabia joint venture.