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Highlights
- RML has secured an exclusive AUD 2 million placement from Tribeca Investment Partners at AUD 0.08 per share.
- Tribeca will receive 25 million shares, in addition to 25 million options with a strike price of AUD 0.10 and a three-year expiry.
- The funds will support continued drilling at Horse Heaven, downstream processing initiatives and acquisition of additional strategic assets.
- The investment follows RML’s AUD 25 million placement earlier this month, strengthening its growth outlook.
Resolution Minerals Ltd (ASX:RML) (OTCQB:RLMLF) has received an exclusive commitment of AUD 2 million from global fund manager Tribeca Investment Partners. Under the placement, Tribeca will be issued 25,000,000 shares at AUD 0.08 per share, subject to shareholder approval at an upcoming general meeting, Tribeca will also receive 25,000,000 options with an exercise price of AUD 0.10 and a three-year expiry term.
Use of Proceeds
The proceeds from the capital raise will be used to advance drilling at the Horse Heaven Project, support exploration initiatives at downstream critical mineral processing, undertake surface sampling programs and further drilling, identify and acquire additional assets, and progress other exploration projects.
Following the AUD 25 million placement completed earlier this month, the additional AUD 2 million investment further strengthens the company’s growth position.
Tribeca’s Strategic Alignment with U.S. Critical Minerals
Tribeca, a global fund manager with a focus on natural resources, has been actively investing in the U.S. critical minerals sector. Its investment into RML highlights Tribeca’s recognition of the strategic importance of developing secure, onshore supply chains for critical minerals — an area gaining heightened attention under the U.S. national security agenda.
Plans Ahead
At the Horse Heaven project, Phase 1 drilling has been finalised, and results are pending. Alongside this, a multipronged exploration program is underway, with outcomes expected from initiatives such as a stream sediment program, detailed mapping, and ongoing rock chip sampling.
In parallel, the company has begun several studies designed to support a new Plan of Operation, aimed at enabling a more extensive exploration program in the future.
Additionally, the company is progressing its downstream processing strategy.
RML Shares Rally
RML shares were trading 16.28% higher at AUD 0.100 per share at the time of writing on 20 October 2025.
