Resolution Minerals Raises $25.1m for Horse Heaven Project Expansion

Core Viewpoint - Resolution Minerals has secured $25.1 million in funding from high net worth and global institutions to accelerate exploration at the Horse Heaven project in the US, following early exploration success at the Antimony Ridge target [1] Group 1: Funding and Investment - The capital raising includes a cornerstone investment of $7.75 million from high-caliber local and international investor groups [2] - The capital raising is structured in two tranches, with the first tranche raising $18.4 million and the second tranche pending shareholder approval [3] - The placement shares are priced at $0.05 each, reflecting an 11.2% discount to the 15-day volume-weighted average price of $0.0563 [4] Group 2: Exploration and Development Plans - Proceeds from the funding will be used to advance drilling at Horse Heaven and explore downstream critical mineral processing initiatives [4] - The company is preparing to drill targets in and around dormant tungsten, gold, and antimony mines, and is seeking additional permits to expand its drilling program [6] - Resolution is also developing a Washington DC engagement strategy to become eligible for grants and support from US government organizations due to the project's critical minerals potential [6] Group 3: Market Positioning - The company aims to list on NASDAQ and compete with major US critical metals companies like Perpetua Resources and MP Materials [5]