Resolution Minerals has submitted its registration statement with the U.S. securities regulator and aims to complete a secondary listing on Nasdaq within the next few months.
The company has submitted a Form F-20 registration statement to the U.S. Securities and Exchange Commission (SEC). The proposed Nasdaq ticker is RML.NASDAQ.
Resolution Minerals, which is also listed on the ASX, said a dual-listing on Nasdaq will strengthen its emerging status as a potential future American supplier of critical metals for the defence needs of the U.S. and its allies.
Once listed on the Nasdaq, Resolution Minerals will join a handful of Australian critical metals companies with a Nasdaq dual-listing, such as European Lithium and Almonty Industries.
Resolution Minerals Managing Director Ari Zaetz said: “The recent gold discovery at Golden Gate, and encouraging high-grade antimony results, as well as plans to develop our tungsten have driven demand from all corners of the US investor community.
“Amidst rising global tensions, record high prices for gold, silver, tungsten and antimony, investor interest from the US has been surging in recent times, making the Nasdaq listing and ADR facility very timely.”
In parallel with the Nasdaq process, Resolution Minerals launched a Level 1 American depositary receipt (ADR) facility, with each ADR representing 200 ordinary shares.
The ADR structure allows US institutions, brokers and retail investors to buy Resolution Minerals shares via US brokers, trade during US market hours and settle transactions in US dollars, without trading directly on the ASX.
Resolution Minerals expects the ADR facility to broaden its institutional and retail investor base, improve liquidity and increase its visibility in a key strategic market for antimony and tungsten.
Meanwhile, Resolution Minerals also sold its non-core 64North project in Alaska to a subsidiary of Northern Star Resources Ltd. for US$1.5 million.
The 64North project was the company’s exploration focus from October 2019 but Resolution Minerals decided to divest the project to focus on advancing Horse Heaven in Idaho.
Proceeds from the divestment are expected to support multiple workstreams at Horse Heaven, including follow-up drilling at the Golden Gate target after a successful Phase 1 program, with a 57-hole Phase 2 drill campaign planned for the first half of 2026.
The company will also use the funds from the sale to progress the acquisition of the historic Johnson Creek antimony and tungsten mill, which includes approximately 2,000 tonnes of previously mined tungsten ore.
