Resolution Minerals’ Shares Jump 73% on Horse Heaven Project Progress
Resolution Minerals has addressed ASX concerns over recent share price and volume spikes, attributing the activity to ongoing developments in its US Horse Heaven project acquisition.
- No undisclosed price-sensitive information identified
- Recent trading linked to US Horse Heaven project acquisition progress
- Shareholder approval meeting scheduled for 25 July 2025
- Drilling permits secured; exploration to begin in August
- Company confirms compliance with ASX continuous disclosure rules
Background to the Price Query
On 18 July 2025, Resolution Minerals Ltd (ASX – RML) responded to an ASX Price Query following a notable increase in its share price from 4.5 cents to 7.8 cents within a few days, accompanied by a surge in trading volume. The ASX sought clarity on whether any undisclosed information might be driving this market activity.
Company Response and Market Context
Resolution Minerals firmly stated that it was not aware of any material information that had not been announced to the market. Instead, the company pointed to a series of recent announcements related to its strategic acquisition of the Horse Heaven Antimony-Gold-Silver-Tungsten project in Idaho, USA. These included the initial acquisition agreement disclosed on 1 June 2025, followed by updates on the maiden exploration program and receipt of drilling permits in early July.
The company highlighted that due diligence is progressing as planned and that shareholder approval for the acquisition is scheduled for a meeting on 25 July 2025. Drilling activities are slated to commence in August, signaling tangible advancement in the project’s development.
Broader Industry Sentiment
Resolution Minerals also referenced recent market enthusiasm for critical minerals projects in the US, citing Apple Inc’s USD 500 million investment in MP Materials and the US Department of Defence’s significant shareholding in the same company. This broader positive sentiment towards US-based critical minerals assets likely contributed to heightened investor interest in Resolution’s US project.
Compliance and Governance
The company confirmed full compliance with ASX Listing Rules, particularly continuous disclosure obligations, and stated that its response was authorised by the board. This transparency aims to reassure investors and regulators that all material information has been appropriately disclosed.
Looking Ahead
While the acquisition remains subject to shareholder approval and completion of due diligence, the company’s clear communication and progress updates have helped explain the recent trading activity. Investors will be closely watching the outcome of the upcoming shareholder meeting and the commencement of drilling to gauge the project’s potential impact on Resolution Minerals’ valuation.
Bottom Line?
Resolution Minerals’ clear disclosure underscores the importance of transparency as it advances a promising US critical minerals project.
Questions in the middle?
- Will shareholder approval be secured on 25 July to finalize the Horse Heaven acquisition?
- What are the expected timelines and costs for the upcoming drilling program?
- How might broader US government and corporate investments in critical minerals influence Resolution’s project valuation?
