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Highlights
- Resolution Minerals has confidentially submitted a Form F-20 registration statement to the U.S. SEC as part of its plans for a secondary Nasdaq listing.
- A successful Nasdaq listing would position Resolution among a select group of ASX-listed critical minerals companies trading on both the ASX and Nasdaq.
- A Level 1 ADR facility has been established, enabling U.S. investors to trade Resolution shares in U.S. dollars via the OTCQB market.
- The company has completed the sale of its non-core 64North Project in Alaska for AUD 2.2 million, with proceeds allocated to U.S.-based development activities.
Resolution Minerals Ltd (ASX:RML) (OTCQB:RLMLF) has taken several steps to expand its presence in U.S. capital markets, including the confidential lodgement of a registration statement with the U.S. Securities and Exchange Commission (SEC) and the establishment of a Level 1 American Depositary Receipt (ADR) facility. These initiatives target the world’s largest equity market, allowing the company to capitalise on the current wave of U.S. investment in critical minerals while maintaining a competitive position alongside industry peers.
SEC Registration Filed as Nasdaq Plans Progress
The submission of a registration statement on Form F-20 with the SEC represents a key step toward a proposed secondary listing on the Nasdaq, which the company aims to complete within the coming months, subject to regulatory review by both the SEC and Nasdaq. The proposed Nasdaq ticker code is RML.NASDAQ.
If completed, the dual listing would place the company among a small group of Australian critical metals companies trading on both the ASX and Nasdaq. The company would also join a broader group of U.S.-listed peers focused on critical and strategic minerals, including rare earths, tungsten and antimony.
Furthermore, the dual listing is expected to strengthen the company’s growing role as a strategic American provider of critical metals, essential for the defense requirements of the U.S. and its partners.
ADR Facility Established for U.S. Investors
RML has launched a Level 1 ADR facility and appointed BNY Mellon to manage the ADR process and Grant Thornton as auditor for U.S. reporting purposes. The ADR program became effective on 2 February 2026 (U.S. time) and trades on the OTCQB market.
Each ADR represents 200 shares in RML and allows U.S. institutions, brokers and retail investors to gain exposure to the company using U.S. brokerage accounts, with settlement in U.S. dollars.
Additionally, following the completion of a secondary listing on Nasdaq, the ADR facility would allow RML to access a wider pool of U.S. investors for equity raisings, utilise ADRs as consideration in corporate and M&A transactions, expand visibility with U.S. government funding and development programs, and support increased coverage by U.S. brokers.
Portfolio Streamlined with Asset Sale
The company has also completed the sale of its non-core 64North Project in Alaska to a subsidiary of ASX-listed mining company Northern Star Resources Ltd for USD 1.5 million, equivalent to approximately AUD 2.2 million. Cash proceeds from the transaction have been received.
The company elected to divest the project after a review of its asset portfolio to prioritise activities at its Horse Heaven Project in Idaho. Funds from the sale are being directed toward follow-up drilling, metallurgical test work, permitting activities, and exploration programs across its U.S. tungsten and antimony assets, including Golden Gate and Antimony Ridge. Furthermore, the funds will assist in progressing toward the acquisition of the Johnson Creek Antimony & Tungsten Mill.
RML Shares Jump
RML shares were trading 3.92% higher at AUD 0.053 per share at the time of writing on 3 February 2026.
