Adelaide, Australia – Resolution Minerals Ltd (ASX:RML; OTCQB:RLMLF) is pleased to announce it has successfully secured firm commitments for a heavily oversubscribed capital raising of A$25.1 million at A$0.05 per share.
The placement attracted strong support from leading global and domestic institutions, including John Hancock’s Family Office, Astrotricha Capital SEZC, S3 Consortium (Stocks Digital), as well as high-net-worth investors. Director participation of A$200,000 further reinforces confidence in the Company’s strategic direction.
Importantly, Resolution’s share register has now been institutionalised, with cornerstone commitments of A$7.75 million from high-calibre investor groups. This significantly strengthens the balance sheet and fully funds the Company’s medium-term work programs and working capital requirements, positioning Resolution ahead of its proposed NASDAQ listing.
Resolution Executive Director, Aharon Zaetz, said:
“We are delighted with the level of interest in RML and with the high quality of investors who believe in our vision, potential and upside of Resolution’s Horse Heaven Project. We eagerly look forward to progressing work on both the Golden Gate and Antimony Ridge targets at Horse Heaven. The recent rock chip results are extremely encouraging, and we are hoping that the current drilling program, which is well underway, will demonstrate to the market the significant potential of our highly prospective antimony, gold and tungsten project. With the proposed listing of RML on the NASDAQ, we are aiming to be trading shoulder to shoulder with the likes of our next door neighbour, Perpetua Resources, and other U.S. critical metals giants such as MP Materials Inc.”
Proceeds from the placement will be directed towards:
-
Advancing drilling campaigns at the flagship Horse Heaven Project in Idaho, USA
-
Exploring downstream critical mineral processing initiatives
-
Expanding the Company’s strategic landholding and evaluating acquisitions
-
Funding future exploration programs across its broader project portfolio
-
Strengthening U.S. government engagement to unlock potential grant and policy support
Oakley Capital Partners acted as Lead Manager to the placement, with Roth Capital Partners, LLC serving as U.S. financial adviser.
ENDS
Follow us:
Website: www.resolutionminerals.com
LinkedIn: @Resolution Minerals
X: @Resolution_LTD
About us:
About Resolution Minerals
Resolution Minerals Ltd (ASX:RML; OTCQB:RLMLF) is an ASX-listed exploration company advancing its Horse Heaven Project in Idaho, USA – a past-producing antimony, tungsten and gold district located adjacent to Perpetua Resources’ world-class Stibnite Antimony & Gold Project. With a strong commitment to restoring U.S. critical minerals supply chains, Resolution is targeting the growing demand for domestic production in line with U.S. national security priorities.
Contact details:
Jane Morgan
Investor & Media Relations Manager
M: +61 405 555 618
[email protected]
