Rimfire Pacific Mining (ASX: $RIM) Share Placement Announcement

Rimfire Pacific Mining (ASX: $RIM) has successfully secured firm commitments to raise $1.15M through a Share Placement at an issue price of $0.025 (2.5 cents) per share. The placement, supported by new and existing shareholders, will be utilized to accelerate exploration activities on Broken Hill copper-cobalt targets at the Company's 100%-owned Broken Hill Project and provide for general working capital.

Rimfire Pacific Mining (ASX: $RIM) Managing Director's Commentary on Share Placement

We are thankful for ongoing shareholder support in this placement by new and existing shareholders. In conjunction with funding from our scandium exploration partner - GPR, these placement funds will underpin a busy second half to the year, with maiden scandium JORC Resources planned for the Melrose and Murga scandium prospects, further metallurgical work for Melrose as well as diamond drilling of the Bald Hill copper-cobalt prospect at Broken Hill.

Summary of Rimfire Pacific Mining (ASX: $RIM) Share Placement Announcement

Rimfire Pacific Mining (ASX: $RIM) has successfully secured firm commitments to raise $1.15M through a Share Placement, with the proceeds to be used for accelerating exploration activities on Broken Hill copper-cobalt targets and providing for general working capital. The placement, supported by new and existing shareholders, represents a 10.7% discount to the last closing price and will contribute to a busy second half of the year, including plans for maiden scandium JORC Resources and further metallurgical work.