Resolution Minerals Ltd (ASX:RML) has secured firm commitments for a heavily oversubscribed capital raising of $25.1 million at $0.05 per share, receiving strong participation from global and domestic institutional investors.
The placement was backed by groups including John Hancock’s Family Office, Astrotricha Capital SEZC, S3 Consortium (Stocks Digital) and prominent high-net-worth investors.
Director participation of $200,000 was also included, which the company said demonstrates confidence in its strategic growth plans.
Resolution confirmed that its share register has now been institutionalised, with cornerstone commitments of $7.75 million from high-calibre investor groups.
The raising is expected to strengthen its balance sheet and provide full funding for medium-term work programs and working capital, positioning the company ahead of its proposed NASDAQ listing.
Executive Director Aharon Zaetz said: “We are delighted with the level of interest in RML and with the high quality of investors who believe in our vision, potential and upside of Resolution’s Horse Heaven Project.
“We eagerly look forward to progressing work on both the Golden Gate and Antimony Ridge targets at Horse Heaven.
“The recent rock chip results are extremely encouraging, and we are hoping that the current drilling program, which is well underway, will demonstrate to the market the significant potential of our highly prospective antimony, gold and tungsten project.
“With the proposed listing of RML on the NASDAQ, we are aiming to be trading shoulder to shoulder with the likes of our next-door neighbour, Perpetua Resources, and other U.S. critical metals giants such as MP Materials Inc.”
The company said funds from the placement will be directed towards:
- Advancing drilling campaigns at its flagship Horse Heaven Project in Idaho, USA
- Exploring downstream critical mineral processing initiatives
- Expanding strategic landholdings and assessing potential acquisitions
- Supporting future exploration across its broader project portfolio
- Strengthening U.S. government engagement to access potential grant and policy support
Oakley Capital Partners acted as Lead Manager on the raising, with Roth Capital Partners, LLC providing U.S. financial advisory services.
