Resource Mining Corporation Secures AU$2 million to Boost Tanzanian Exploration

Resource Mining Corporation Limited (ASX: RMI) has successfully raised AU$2 million through a share placement, receiving strong backing from both existing and new investors. The funds will support the next phase of exploration at the Mpanda Copper-Gold Project in Tanzania, along with debt repayment and the assessment of low-capex production opportunities. The placement includes 95.2 million shares at AU$0.021 each—issued at a 9.4% premium. Executive Chairman Asimwe Kabunga, a key figure with strong ties to Tanzania, subscribed for AU$500,000 of the placement. RMC's exploration efforts span across copper, nickel, and lithium, with active projects in Tanzania and Finland. The company aims to generate lasting value for its shareholders by advancing mineral development in a responsible and sustainable manner. With a diversified portfolio and disciplined project execution, RMC aims to capitalize on the growing demand for critical minerals while reinforcing its presence in East Africa and Europe.

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