Adelaide, Australia – Resolution Minerals Ltd (ASX:RML) is pleased to confirm the successful completion of its acquisition of the Horse Heaven Project in Idaho, following overwhelming shareholder approval at the General Meeting held on 25 July 2025, where 99% of votes supported the transaction.
The Horse Heaven Project positions Resolution at the heart of the United States’ efforts to restore domestic critical mineral supply chains, particularly antimony – a mineral essential for national defense and energy storage. With the acquisition now finalised, Resolution is advancing a bold U.S. strategy to deliver critical mineral security solutions in line with national priorities.
To lead this next chapter, the Company has recently appointed a high-calibre U.S. team, including:
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Brett Lynch, former MD of Sayona Mining, who transformed the company into a multi-billion-dollar U.S. lithium leader.
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Steve Promnitz, credited with growing Lake Resources from a $1 million start-up to a $3 billion market cap company.
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Austin Zinsser, Bill Breen, and Craig Lindsay, who bring local expertise and execution capability for Horse Heaven's development.
The Company has also engaged New York-based advisors to support its planned dual listing on NASDAQ, complementing its imminent OTC listing.
Resolution Executive Director Aharon Zaetz commented:
“Finalising the acquisition of Horse Heaven is a transformative milestone for Resolution. This project gives us a direct pathway to restoring the U.S. critical minerals supply chain, which is now a national priority for the United States. The appointments of our U.S. advisors to advise on our NASDAQ listing, alongside our strengthened executive team, are strategic moves to ensure we maximise value for our shareholders.
Horse Heaven is not just a mining project, it’s a potential solution to a pressing national security challenge. We are now fully focused on delivering that vision.
The Company looks forward to continuing to update the market in the coming weeks of further developments on this exciting project.”
As part of the transaction, Resolution has issued 444.8 million RML shares and 222.4 million RMLOC options to the vendors, with shares escrowed in tranches for up to nine months. A total of $600,000 of the $1 million cash consideration has also been paid. Further details are available in the Company’s 11 June 2025 ASX announcement.
In addition, Resolution has completed Tranche 2 of its share placement, raising $353,693 and issuing 27.2 million shares and 73.1 million options.
The Company looks forward to updating the market on its U.S. initiatives and upcoming exploration activities at Horse Heaven in the coming weeks.
About us:
Resolution Minerals Ltd (ASX:RML) is a resource company engaged in the acquisition, exploration and development of precious, battery and strategic metals such as antimony, gold, copper, and uranium.
Contact details:
Jane Morgan
Director
P: +61 405 555 618
[email protected]