Resolution Minerals secures a $2 million placement from Tribeca Investment Partners, reinforcing its position in the U.S. critical minerals sector and advancing exploration at the strategically important Horse Heaven Project.
- Tribeca invests $2 million at 8 cents per share in Resolution Minerals
- Placement includes 25 million shares and 25 million options pending shareholder approval
- Funds to support exploration and downstream processing at Horse Heaven Project, Idaho
- Project adjacent to Perpetua Resources’ Stibnite Gold Project with historical antimony and tungsten production
- Strong Australian and U.S. government engagement highlights strategic importance
Strategic Investment from Tribeca
Resolution Minerals Ltd (ASX, RML) has secured a $2 million placement exclusively from Tribeca Investment Partners, a global fund manager with a focus on natural resources and critical minerals. The placement, priced at 8 cents per share, includes the issuance of 25 million shares and, subject to shareholder approval, 25 million options exercisable at 10 cents within three years. This injection follows a recent well-supported $25 million placement, positioning Resolution for accelerated growth in the U.S. critical minerals market.
Advancing the Horse Heaven Project
The funds raised will be directed towards advancing exploration and downstream processing initiatives at the Horse Heaven Project in Idaho. This project holds significant strategic value, being adjacent to Perpetua Resources’ Stibnite Gold Project, a major U.S. gold and antimony development. Horse Heaven’s historical production of antimony and tungsten during major 20th-century conflicts underscores its potential as a critical mineral supplier, particularly amid rising U.S. government efforts to secure domestic sources for national security.
Governmental Support and Geopolitical Context
Resolution’s engagement with both Australian and U.S. governments adds a layer of geopolitical significance. The Australian Embassy, represented by Ambassador Kevin Rudd, has involved Resolution in briefing Prime Minister Anthony Albanese ahead of his meeting with U.S. President Trump, where critical minerals cooperation is a key agenda item. This high-level attention highlights the project’s potential role in strengthening the U.S. critical minerals supply chain.
Exploration and Future Prospects
Resolution has completed Phase 1 drilling at Horse Heaven’s Golden Gate Target and is conducting a multipronged exploration program including stream sediment sampling and geological mapping. Infrastructure improvements nearby, such as new access roads and transmission lines supporting the Stibnite Mine, are expected to benefit Horse Heaven’s development. The company is also progressing studies to expand exploration activities and is developing a downstream processing strategy aimed at becoming a key supplier to the U.S. government.
Market Position and Next Steps
With Tribeca’s backing and strong government engagement, Resolution Minerals is well positioned to capitalize on the growing demand for critical minerals in the U.S. The company anticipates releasing drilling results soon and will update the market on its downstream processing plans. Oakley Capital Partners acted as lead manager for the placement, further validating investor confidence in Resolution’s strategic direction.
Bottom Line?
Resolution Minerals’ latest capital raise and government ties set the stage for a pivotal role in U.S. critical minerals supply.
Questions in the middle?
- Will shareholder approval for the 25 million options be secured without delay?
- How will upcoming drilling results at Horse Heaven influence project valuation and investor sentiment?
- What specific downstream processing initiatives will Resolution prioritize to meet U.S. government demand?