Investment to Fast-Track Critical Minerals Projects
Resolution Minerals Ltd has successfully raised A$20 million through an institutional placement, propelling its critical minerals strategy forward in the United States. This effort aims to expedite exploration and development activities, particularly focusing on the Horse Heaven Project.
Support for the placement came from cornerstone investors, including Tribeca Investment Partners and L1 Capital Global Opportunities Master Fund. This backing highlights growing confidence in Resolution’s antimony and tungsten ventures within the US market.
Exploration drilling, metallurgical testing, and permitting activities will benefit from the investment proceeds. Resolution is also gearing up for a NASDAQ listing, which is expected to broaden access to US investors and enhance liquidity.
FAST-41 status, granted by the White House for the Antimony Ridge project, will streamline permitting timelines, reflecting the project’s strategic importance. High-purity antimony trioxide has already been produced by the company, showcasing advanced processing capabilities.
Phase 2 Drilling and Resource Estimates
Scheduled for May 2026, a Phase 2 drilling programme at the Golden Gate target will involve about 13,700 metres of drilling. The goal is to define gold mineralisation further and support a maiden Mineral Resource Estimate by Q1 2027.
Executive Director Aharon Zaetz stated that the capital raising marks a transformative milestone as the company prepares for both its second drilling campaign and NASDAQ listing. “Strong tailwinds from the critical minerals sector as well as the recent FAST-41 status is a further endorsement of the project’s quality and potential,” he said.
Acquiring the Johnson Creek Tungsten and Antimony Mill, Resolution enhances its infrastructure and capacity in the US critical minerals sector. Historically, the Horse Heaven Project contributed to US defence supply during major wars, adding to its strategic value.
Approximately 285.7 million new shares will be issued in two tranches as part of the placement, with the first settling in late April 2026. Investors will gain one free attaching option for every three shares, exercisable at $0.10 by 30th November 2029, pending approval.
Resolution’s efforts to advance its critical minerals portfolio are underscored by its recent achievements, including high-purity production and strategic acquisitions, positioning it for significant growth in the coming years.
The company’s ability to produce antimony trioxide at a purity of 99.38 wt% is a testament to its advanced processing capabilities. Resolution has received recognition for its strategic importance through the FAST-41 status, facilitating quicker permitting processes.
Meanwhile, Resolution’s progress towards a NASDAQ listing aims to align it with other leading critical minerals companies in the US, enhancing its profile and investment appeal.
