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Resolution Minerals backed by Tribeca's $2M investment - ICYMI
Proactiveinvestors NAยท 2025-10-24 04:05
Core Viewpoint - Resolution Minerals Ltd is raising $2 million to accelerate the development of its Horse Heaven project in Idaho, following a previous $25 million placement earlier in the month [1][6]. Funding and Investment - The $2 million capital raise was secured through an agreement with Tribeca Investment Partners, a specialist institutional investor focused on natural resources and critical metals [2][8]. - The investment from Tribeca, at $0.08 per share, is seen as a strong endorsement of the company's direction and efforts [2][9]. Project Development - The funds will be utilized for a planned drill campaign of 40,000 to 60,000 feet, metallurgical testing of antimony and tungsten, and permitting activities for a new plan of operations [1][6]. - The company is optimistic about the potential for policy changes, such as fast-tracking permits, which could significantly support project timelines in the U.S. critical minerals sector [4][11]. Government Engagement - Resolution Minerals has been approached by the Australian government for input ahead of a meeting between Prime Minister Anthony Albanese and Donald Trump, focusing on critical minerals and Australian investment in U.S. resource projects [3][10]. - The company aims to highlight the challenges of bringing a U.S. project to market and the development progress of Horse Heaven during this meeting [3][11].