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Highlights
- Resolution Minerals has completed the acquisition of the strategic Horse Heaven Project in Idaho.
- The project is strategically significant due to its antimony resource, a critical mineral prioritised by the U.S. government.
- A U.S.-based leadership team has been appointed to drive project development and U.S. strategy.
- Plans for a NASDAQ listing are underway, with an OTC listing expected shortly.
Resolution Minerals Limited (ASX:RML) has confirmed completing the acquisition of the Horse Heaven Antimony-Tungsten-Gold-Silver Project in the United States. The development followed shareholder support at the company’s General Meeting on 25 July 2025. With 99% of shares voted in favour, the company has now officially acquired the asset, which positions it firmly within the U.S. critical minerals supply chain, a high-priority sector under the Trump Administration’s national security and industrial policy framework.
Antimony Asset Aligns with U.S. National Priorities
The Horse Heaven Project is of national significance due to its antimony resources, a mineral designated as critical by the U.S. government. With increasing emphasis on securing domestic supplies of critical minerals, Resolution’s move aligns with rising geopolitical and economic imperatives, offering potential to contribute to national defense readiness and industrial resilience.
Strengthens Leadership to Advance U.S. Strategy
To support its ambitions in the U.S., Resolution has appointed a high-profile leadership team with proven track records in growing critical mineral ventures. This includes:
- Brett Lynch, known for his role in developing Sayona Mining into a multi-billion-dollar U.S. lithium company
- Steve Promnitz, who led Lake Resources from a million dollars to over three-billion-dollar market cap.
They will be joined by experienced U.S.-based professionals, including Austin Zinsser, Bill Breen, and Craig Lindsay, who will collectively drive project advancement and regulatory engagement.
Capital Market Strategy: Dual Listing Plans Underway
Additionally, Resolution has engaged New York-based advisors to support its upcoming dual listing on the NASDAQ, in parallel with an imminent OTC listing. These capital market initiatives are intended to provide broader investor access and enhance the company’s profile in the U.S. market.
Acquisition Terms and Placement Update
As part of the acquisition terms, Resolution has paid AUD 600,000 of the AUD 1 million consideration, issued 444.8 million RML shares, and granted 222.4 million RMLOC options. These shares are subject to escrow over tranches of up to nine months.
The company also finalised the second tranche of its June placement, raising AUD 353,693 and issuing an additional 27.2 million shares and 73.1 million options.
RML shares traded at AUD 0.077 at the time of writing on Wednesday, 30 July 2025.
