RCM sees Sprott buying on market, holding increased to over 10%

Eric Sprott is buying more Rapid Critical Metals (ASX: RCM) shares on market…

Eric is a Canadian billionaire, investor and philanthropist, best known for his significant influence in precious metals and mining.

He is famous for being one of the biggest silver bulls in the world, we linked to a video of his late last year in a Sunday article: Eric Sprott's SHOCKING Portfolio - 2025 Yearly Wrap-Up | Sprott Money.

Sprott already owned 9.72%% of RCM before this (having come into the last capital raise at 3.5c per share, source).

Today we saw Sprott has been buying more RCM on market…

Sprott increased his RCM stake by 13,908,715 shares, which were purchased on market for $999,256 (average of ~7.18c per share, source)

This has increased his holding in RCM from 9.72% to 10.79%

RCM has an estimated 67M ounces of silver equivalent resources averaging ~400 g/t across three projects in NSW.

One of those projects, Webbs, has an estimated 14.2M ounces silver equivalent, and is where RCM has spent the last few months drilling.

This is where RCM discovered a parallel lode ~120m to the west of Webbs and was surprisingly (to us) sold down from 6.2c to as low as 4.5c intraday and touched this again 2 days later.

We covered that news here: RCM: Discovers new silver lode right next to its 14.2M oz silver lode…

While the silver price increasing since has undoubtedly helped, the share price has recovered that and then some to now sit over 8c, having hit as high as 8.3c this morning.

(source)

Rapid Critical Minerals
ASX: RCM

Catch up on the 10 reasons we invested in RCM from our launch note: Our New Investment: Rapid Critical Metals (ASX: RCM)

The 10 Reasons We Invested in RCM

1. RCM has an estimated 67M ounces of high grade silver equivalent JORC resource estimates. We think it can grow bigger.
2. We like silver
3. There are very few silver exposures on ASX
4. Silver stocks on the ASX (like RCM) are cheap relative to other exchanges
5. RCM is relatively cheap compared to other ASX listed silver stocks
6. We are Investing alongside Tribeca, Jupiter Asset Management and Eric Sprott
7. We know two of RCM’s projects really well
8. We like the recent acquisition RCM completed
9. Exploration upside (project area now 26x bigger)
10. Critical Metals “Side asset” in Canada could also come good

What do we want to see RCM do next?

The main catalyst we want to see is drilling from Webbs.

RCM still has 6 assays pending from the first round of drilling so we could also see some results from those holes while we wait for the next round of drilling to start.

(source)

Ultimately, after seeing the recent results, we are most interested in seeing RCM test that “parallel lode theory” with drilling from the west…

(source)