Adelaide, Australia, April 23, 2026 - (ABN Newswire) - Resolution Minerals Ltd (ASX:RML) (FRA:NC3) (OTCMKTS:RLMLF) announced it has received firm commitments to raise approximately A$20 million (before costs) via a two tranche placement to institutional and sophisticated investors ("Placement") at $0.07 per share.
HIGHLIGHTS
Successful A$20 million institutionally-led Placement with firm commitments received from institutional and sophisticated investors, cornerstoned by Tribeca Investment Partners and L1 Capital Global Opportunities Master Fund.
Proceeds to accelerate development through further exploration drilling, tungsten and antimony metallurgical test work and permitting across the Horse Heaven Project.
NASDAQ listing imminent, expected to materially expand U.S. investor access, improve market liquidity and trade shoulder to shoulder with other critical mineral miners listed on major U.S. exchanges including MP Materials Corp (MP.NYS), Perpetua Resources Corp (PPTA.NAS), USA Rare Earth Inc (USAR.NAS) and Energy Fuels Inc (UUUU.AME).
FAST-41 Status granted by the White House, positioning Antimony Ridge as a strategically important U.S. critical minerals project and expected to accelerate permitting timelines, including an application for up to 250 drill holes and large-scale bulk sampling.
High Purity antimony production achieved, with 99.38 wt% antimony trioxide, demonstrating downstream processing capability.
Further metallurgical optimisation underway, with both pyrometallurgical and hydrometallurgical test work progressing and final results expected in the coming weeks.
Board strengthened, with Brett Lynch agreeing to join as a Director, bringing a track record of scaling Sayona Mining from microcap to a multi-billion dollar market capitalisation.
13,700 metre Phase 2 drilling program commencing in May, designed to define the scale of gold mineralisation at Golden Gate and Golden Gate South and support progression toward a maiden Mineral Resource Estimate (targeted for Q1, 2027, subject to successful outcomes).
The Placement was completed at a 6.3% premium to the 20-day VWAP.
The Placement was strongly supported by institutional and sophisticated investors and cornerstoned by Tribeca Investment Partners and L1 Capital Global Opportunities Master Fund, providing strong institutional validation of the Company's U.S.-based critical minerals platform.
The Placement was completed at a 6.3% premium to the 20-day VWAP.
Funds raised will be deployed to accelerate drilling, metallurgical test work and permitting activities across the Horse Heaven Project, positioning Resolution to advance multiple near-term catalysts across antimony gold, silver, and tungsten and for working capital.
The Company is advancing a rare U.S.-based development platform focused on antimony and tungsten at a time of increasing geopolitical focus on securing domestic supply of critical minerals.
Aharon Zaetz, Resolution's Executive Director, commented:
"Following a highly successful drilling campaign last year, today's successful capital raising marks a transformational milestone for the company as it is about to list on the NASDAQ as well as launch its second drill campaign in the coming weeks. Strong tailwinds from the critical minerals sector as well as the recent FAST-41 status is a further endorsement of the project's quality and potential."
Golden Gate - Large Scale Gold System Advancing
A Phase 2 drilling campaign is scheduled to commence in May 2026 at the Golden Gate target, comprising up to 45 holes over approximately 13,700 metres.
The program is designed to define the scale of gold mineralisation at the Golden Gate and Golden Gate South and support progression toward a maiden Mineral Resource Estimate (MRE) targeted for Q1 2027, subject to successful outcomes.
Phase 1 drilling delivered multiple broad gold intercepts, including:
- 253m at 1.5 g/t gold (HH-GG25-003C)
- 197.5m at 1.26 g/t gold (HH-GG25-001C)
- 265.2m at 0.6 g/t gold (HH-GG25-002C)
- 240.8m at 0.64 g/t gold (HH-GG25-004C)
Phase 2 will also target associated tungsten mineralisation, further confirming Golden Gate's multi commodity potential.
Strategic U.S. Positioning
In March, Resolution completed the acquisition of the Johnson Creek Tungsten & Antimony Mill, associated infrastructure, and ore stockpiles, believed to contain approximately 2,000 tonnes of tungsten ore previously mined from Golden Gate.
Cautionary Note: The above production data (tons/tonnes and grade of ore material from the Golden Gate tungsten mine) is both an Historical Estimate and a Foreign Estimate. The Competent Person has not done sufficient work to classify the Historical Estimate and the Foreign Estimate as a mineral resource or mineral reserve in accordance with the JORC (2012) Code. It is uncertain that following evaluation and/or further exploration work (as described above) that the Historical Estimate and the Foreign Estimate will be able to be reported as a mineral resource or mineral reserve in accordance with the JORC (2012) Code.
In addition, the Competent Person has not done sufficient work to determine whether the Stockpile has the potential to become a mineral resource.
The Competent Person is aware that the Company plans to conduct further exploration at the stockpiles to bring the stockpile up to JORC-code standard.
The broader Horse Heaven Project is a historically significant producer of antimony, tungsten and gold, having supplied the U.S. Government during World War I, World War II and the Korean War.
Resolution has been working closely with the White House, with its U.S. assets formally reviewed and recognised for their strategic importance. The Company continues to engage with the U.S. Administration and Trump officials to advance the project, including potential offtake agreements and U.S. government funding support.
Placement Details
The Placement issue price of $0.07 per share represents a:
- 12.5% discount to the last closing price on ASX on $0.08 on 20 April 2026
- 6.3% premium to the 20-day volume weighed average price (VWAP) of $0.0658 up to, and including, 20 April 2026
- 1.7% premium to the 15-day VWAP of $0.0689 to 20 April 2026
A total of approximately 285.7 million New Shares will be issued under the Placement, which will rank equally with existing fully paid ordinary shares of the Company already on issue. The shares will be issued in two tranches, tranche 1 utilising the Company's placement capacity under ASX Listing Rule 7.1A and tranche 2 subject to shareholder approval.
Subject to shareholder approval, investors will receive one (1) free attaching listed option (RMLOD) for every three (3) shares issued, exercisable at $0.10 and expiring 30 November 2029 (95,283,095 options subject to rounding) (Option).
Of the total $20 million placement funds, $9,213,000 (Tranche 1) will be settled on or around 29 April 2026, and the remaining $10,787,000 (Tranche 2) (total of $20 million) is anticipated to settle within approximately 60 days, and following the next shareholder meeting.
The Placement will be conducted via two (2) tranches, as follows:
Tranche 1: 131,614,286 Shares will be issued under the Company's Listing Rule 7.1A capacity
Tranche 2: subject to shareholder approval, the issue of 154,100,000 Shares and up to 95,283,095 attaching Options (subject to rounding).
Oakley Capital Partners Pty Ltd acted as Lead Manager to the Placement. The Lead Manager will be paid: a cash fee of 6%, and subject to shareholder approval, will be issued 9 million broker shares and 80 million broker Options(same class as that issued to investors RMLOD), some of which will be passed on to third party brokers, none of whom are related parties of the Company. The Company also wishes to advise that at the upcoming General Meeting of the Company, it will also seek shareholder approval to raise up to a further A$5,000,000 on the same terms as the Placement and the Lead Manager will have discretion on whether to place it. There are currently no commitments or agreements in place in respect of this additional amount.
Outlook
With strong institutional backing, accelerating permitting pathways and multiple near-term catalysts, Resolution is well positioned to deliver significant news flow and advance toward development across its U.S. critical minerals platform portfolio.
Next steps
Resolution's near-term focus will be on advancing key development and value catalysts across its U.S. portfolio, including:
- Commencement of the Phase 2 drilling program at Golden Gate in May 2026
- Completion and release of metallurgical test work results
- Advancement of permitting activities at Antimony Ridge under FAST-41
- Progression toward a NASDAQ listing to expand U.S. market presence
The Company is now well-funded for its upcoming NASDAQ listing and building its North American investor footprint.
To view the Indicative timetable, please visit:
https://abnnewswire.net/lnk/Z17LW530
About Resolution Minerals Ltd:
Resolution Minerals Ltd (ASX:RML) (OTCMKTS:RLMLF) (FRA:NC3) is a mineral exploration company engaged in the acquisition, exploration and development of precious and battery metals - such as antimony, gold, copper, and uranium.
Resolution Minerals Ltd Listed on the ASX in 2017 and has a broad portfolio of assets, such as the Drake East Antimony-Gold Project in north-eastern NSW and George Project prospective for silica sand and uranium.
Contact:
Aharon Zaetz
Executive Director
Resolution Minerals Ltd
M: +61 424 743 098
ari@resolutionminerals.com
Jane Morgan
Investor Relations
Jane Morgan Management
M: +61 405 555 618
jm@janemorganmanagement.com.au
Source:
Resolution Minerals Ltd
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