RIM says Murga leach tests are advancing as $2.3m placement funds scandium work
RIM reported scandium recoveries of 22.7% in saprolite and 15.2% in laterite over 15 weeks at Murga, with more leach tests and drilling planned.
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what happened
According to TradingView, RIM reported results from leach testing at its Murga project. Over 15 weeks, scandium recoveries reached 22.7% from saprolite and 15.2% from laterite. The company plans further leach tests and drilling.
The scandium program was supported by a $2.3m placement. Quarter-end cash stood at $1.721m.
why it matters
Scandium is a niche metal, so progress on recovery technology mainly interests investors who follow rare-metal projects and small mining companies. The effect on the broader metals market is limited.
tags
instruments
sources
- RIM: Murga leach tests advanced as a $2.3m placement funded scandium growth plans — TradingView, 26 October 2026 at 23:16 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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