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Why is Raiden Resources experiencing a surge in its stock price? — ASX:RDN| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$RDN
Why is Raiden Resources experiencing a surge in its stock price?
Mining exploration company Raiden Resources has seen a significant increase in its stock price, rising by nearly 45%. This surge can be attributed to the company's recent announcement regarding its plans to commence exploration for lithium and rare earth elements (REEs) at its Mt Vetters and Music Well projects in Western Australia.
Raiden Resources: Exploring for Lithium and REEs in Western Australia
Raiden Resources is a mining exploration company that is primarily focused on exploring for lithium and rare earth elements in Western Australia. The company's two key exploration targets are the Mt Vetters and Music Well projects.
Mt Vetters Project: A Promising Location
The Mt Vetters project, situated about 50km north of Kalgoorlie, covers an area of approximately 98 km2. It is located adjacent to numerous nickel and gold mines, presenting substantial potential. Additionally, the project is situated in an area known for its granite-hosted gold and ultramafic-related nickel deposits. Two prominent greenstone
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belts, the Ora Banda Greenstone Belt and the Bardoc Tectonic Zone shear system, surround the project. The eastern part of the tenement is particularly promising for intrusion-hosted narrow vein gold mineralization. Raiden Resources recently announced its plans to initiate exploration for lithium and REEs at the Mt Vetters project.
Music Well Project: Another Prospect
Approximately 80km north of Kalgoorlie, the Music Well project covers an area of about 100 km2. It shares a similar geological setting to the Mt Vetters project and exhibits promising potential for lithium and REEs. Raiden Resources has also announced its intention to commence exploration for these valuable resources at the Music Well project.
Conclusion
Raiden Resources' stock price surge of nearly 45% can be attributed to its plans to commence exploration for lithium and rare earth elements at its Mt Vetters and Music Well projects in Western Australia. The company's strategic focus on these projects, located in highly prospective areas for valuable minerals, has garnered significant attention and excitement from investors. As the exploration progresses, stakeholders eagerly await the potential discoveries and subsequent impact on Raiden Resources' future prospects.
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L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
133d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
164d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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