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Resolution Minerals acquires Johnson Creek tungsten mill in US
Yahoo Finance· 2026-03-03 12:13
Core Viewpoint - Resolution Minerals has successfully acquired the Johnson Creek Tungsten & Antimony Mill and related infrastructure, along with 2,000 tons of tungsten ore stockpiles in Idaho, which supports its strategy for US production and processing of critical metals [1][3]. Group 1: Acquisition Details - The acquisition includes significant assets such as the processing mill, historical tungsten ore stockpiles from the Golden Gate Mine, essential water rights, electrical infrastructure, and operational facilities on approximately 25 acres of private land [3][4]. - The mill is located adjacent to the Horse Heaven project, which historically contributed to US antimony supplies during major conflicts and was mined for tungsten until the 1980s [2][5]. Group 2: Strategic Implications - This acquisition enhances Resolution's downstream processing capabilities, including smelting and refining, and provides a strategic base for future operations at Horse Heaven [4]. - The company aims to expedite production in response to rising demand for critical metals and high market prices, while also enhancing its ability to secure US Government funding and strategic partnerships [3][4]. Group 3: Future Plans - Following the acquisition, Resolution plans to conduct detailed assessments of the mill's engineering and refurbishment needs, perform metallurgical tests on stockpiled tungsten ore, advance permitting processes, and pursue strategic partnerships [6]. - There is also potential for expansion at the Golden Gate Tungsten Mine and other targets within the Horse Heaven project area through further exploration [5].