Adelaide, Australia – Resolution Minerals Ltd (ASX:RML; OTCQB:RLMLF) is pleased to announce it has entered into a binding sale and purchase agreement to acquire 100% of the shares in Remington Capital Corporation, which holds an option to acquire the Johnson Creek Tungsten & Antimony Mill and Antimony Camp properties in Idaho, USA.
The acquisition positions Resolution to become one of the few U.S.-based antimony, tungsten and gold companies with its own in-house processing capability, marking a significant step forward in the Company’s strategy to establish a vertically integrated critical metals supply chain within the Horse Heaven-Perpetua region of Idaho – one of North America’s most prospective critical minerals belts.
Located on 25 acres of private land adjoining Resolution’s Horse Heaven Gold-Tungsten-Antimony Project, the acquisition includes the historic Johnson Creek processing mill and two tungsten stockpiles, as well as key infrastructure such as industrial water rights, electrical power, and multiple processing and support buildings.
Resolution will leverage the acquisition to accelerate its plans for short-term antimony production, advance U.S. offtake discussions, and strengthen its positioning for U.S. Department of War and Department of Defense funding opportunities – as the U.S. seeks to secure domestic sources of critical minerals essential for national security and advanced manufacturing.
Brett Lynch, Senior Strategic Adviser to Resolution, said:
“I see this as a pivotal point for RML to establish itself as a leader in solving the U.S. Administration’s immediate need to secure antimony and tungsten for its national security requirements. Horse Heaven is a unique deposit as it has demonstrated strong evidence of three valuable commodities – antimony, tungsten and gold. This move toward production status catapults RML into pole position when approaching the U.S. Government for permitting, funding and offtake negotiations.”
The acquisition complements Resolution’s broader strategic objective to develop Horse Heaven into a major U.S. hub for critical metals, supporting the nation’s growing demand for secure, domestic sources of antimony and tungsten used in defense, aerospace, and energy applications.
The transaction remains subject to shareholder approval and completion of due diligence, with completion anticipated in late November or early December 2025.
ENDS
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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]