Rimfire Pacific Mining Limited announced on 18 July 2025 significant updates regarding its ongoing arbitration and capital raising initiatives. The company confirmed that during a directions hearing held on 16 July 2025, an arbitrator set aside the earlier termination notices related to its earn-in agreements with Golden Plains Resources Pty Ltd. Rimfire is now working with its partner during this transition period and has decided not to appeal the arbitrator’s award. A further directions hearing, scheduled for 2 September 2025, will address any additional relief and determine the costs that may be payable, with Golden Plains Resources required to submit its position by 30 July 2025 and Rimfire responding by 20 August 2025. In a separate development, Rimfire noted that an appeal concerning a prior judgment by the Victorian Supreme Court in Resource Capital Ltd v Giovinazzo is underway, with a decision pending. The company also shared that it is in the process of initiating a capital raising and has requested that the current voluntary suspension remain in effect until the capital raising is concluded, expecting the suspension to stay in place until 22 July 2025. The news presents a mix of bullish and bearish sentiments for investors. On the bullish side, the arbitrator’s decision to set aside the termination notices could preserve the strategic relationship with Golden Plains Resources, potentially leading to positive developments and continued progress on key projects. On the bearish side, the need for a capital raising and the ongoing legal proceedings, including the pending appeal from the Victorian Supreme Court case, introduce elements of uncertainty and potential dilution risk which may weigh on investor sentiment.