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Red Mountain Mining responds to ASX price query

Red Mountain Mining (ASX:RMX) received an ASX price query late Friday, following a 40% jump in the share price over the week to $0.045, on increased volume.

The company said it was unaware of any reason for the change in trading.

Red Mountain did however note its recent announcement providing an update on its activities including the progress made regarding its Red Valley Lithium Project in the U.S state of Utah.

Red Valley is a lithium-brine project that Red Mountain is earning into.