Rimfire Pacific Mining (RIM) Q4 2026 TU earnings summary

Executive summary

• Initial metallurgical tests at the Murga Scandium Deposit indicate potential for significant scandium extraction at atmospheric pressures, with recoveries of 60–90% projected if current rates are maintained over longer periods.

• Two new extended bottle roll tests (160–180 days) have commenced to further validate extraction rates, with interim updates planned.

• Seismic survey completed across Fifield and Avondale to inform future drilling and resource definition; results expected by end of August 2026.

• Xcelsior Capital Advisors appointed to assist with funding, government relations, and market intelligence for scandium assets.

• Secured 60% interest in Avondale Project after partner GPR vested its 40% interest.

Financial highlights

• Cash at 30 June 2026 was $585K, with additional Earn-In bank balances totaling $193K.

• Net cash used in operating activities for the quarter was $(315)K; net cash used in investing activities was $(126)K.

• Net cash from financing activities was $3.37M for the year to date, primarily from equity issuance.

• Estimated quarters of funding available is 1.19, with cost reduction mechanisms and history of successful capital raisings if needed.

Outlook and guidance

• Focus for September 2026 Quarter is on extended metallurgical test work at Murga, seismic data interpretation, and regulatory approval for air core drilling at Murga, Kars, and Malamute prospects.

• Planned 2,500m air core drilling at both Malamute and Murga, and 5,000m at Avondale (Kars and other targets), pending approvals and harvest completion.

• Ongoing engagement with Xcelsior to secure strategic partnerships and funding.